Big Deals - October 2006
| Property Name |
Est. Sales Price US$ |
# of Rooms |
Month of Sale |
Buyer |
Seller |
| The Hyatt Regency Newport Hotel & Spa, Newport, RI |
Not Disclosed |
264 |
October, 06 |
Amstar Group, LLC and Davidson Hotel Company |
Hyatt Equities |
| 2 Courtyard by Marriott, 1 Residence Inn, 1 SpringHill Suites, KY |
$53.8 million |
429 |
October, 06 |
Equity Inns, Inc. |
Musselman Hotels, LLC |
| 2 Residence Inns, 1 Hilton Suites, 1 Hilton, CA |
$215 million |
931 |
October, 06 |
Innkeepers USA Trust |
RLJ Urban Lodging Fund, L.P. |
| Holiday Inn Wall Street |
$51.5 million |
138 |
September, 06 |
LaSalle Hotel Properties |
Undiscolosed |
| 7 InterContinental Hotels, Continental Europe |
$795 million |
2,537 |
September, 06 |
Morgan Stanley Real Estate Funds |
InterContinental Hotels Group |
| Outrigger -- Selected Australia and New Zealand Assets* |
Not Disclosed |
N/A |
December, 06 |
MFS Limited |
Outrigger Enterprises Group |
|
N/A = Not Available
* The transaction includes the sale of management and letting rights—and associated real estate interests—for 13 properties Outrigger manages in Australia and New Zealand, plus the management rights for six additional projects currently under development. The Outrigger brand and the right to use it, and Outrigger's other Pacific operations—including six properties operating or under development in Bali, Fiji, Tahiti and Guam—are not included in the transaction.
Copyright (c) 2006 Global Hospitality Resources, Inc., San Diego, CA. Used with permission.
