Big Deals - June 2007
| Property Name |
Est. Sales Price US$ |
# of Rooms |
Month of Sale |
Buyer |
Seller |
Comments |
| Equity Inns, Inc. (USA) |
2.2 bil. |
15,731 |
4th Qtr 07 |
Affiliate of Whitehall Street Global Real Estate Limited Partnership |
Equity Inns, Inc. |
|
| Crowne Plaza SIAN Resort (Hollywood, FL) |
74 mil. |
311 |
June 07 |
MHI Hollywood LLC |
MCZ/Centrum VI Owner, L.L.C. |
|
| InterContinental Chicago / Hyatt Regency La Jolla |
450 mil. |
1,211 |
3rd Qtr 07 |
GIC Real Estate Pte Ltd. |
Strategic Hotels & Resorts |
Acquired 49% interest. Purchase price represents gross aggregate value. |
| Hotel Grand Chancellor, Perth |
44 mil. |
272 |
June 07 |
Property Funds Australia Limited |
Singapore-based company |
The hotel is to be rebranded Citigate Sebel Perth and will be operated by Mirvac Hotels Pty Limited. |
| Oasis Resort, Cairns |
38.5 mil. |
314 |
June 07 |
BRCP Oasis Land Pty Ltd and BRCP Oasis Operations Pty |
Sunleisure Operations Pty Ltd. |
|
| Swissotel Sydney |
72 mil. |
359 |
July 07 |
Abacus Property Group |
Fairmont Raffles Holdings International |
|
|
N/D = Not Disclosed
Copyright (c) 2007 Global Hospitality Resources, Inc., San Diego, CA. Used with permission.
