Big Deals - February 2006
| Property Name |
Est. Sales Price US$ |
# of Rooms |
Month of Sale |
Buyer |
Seller |
| Fairmont Hotels & Resorts, Canada* |
$3.9 billion |
34,000 |
2nd Qtr |
Kingdom Hotels International / Colony Capital |
Fairmont Hotels & Resorts, Inc. |
| Casa de Sierra Nevada, San Miguel de Allende, Mexico |
$8.4 million** |
33 |
January, 06 |
Orient-Express Hotels Ltd. |
Undisclosed |
| La Mansion Del Rio Hotel and Watermark Hotel & Spa, San Antonio, TX |
Undisclosed |
437 |
March, 06 |
Omni Hotels |
Undisclosed |
| Westin Michigan Avenue, Chicago, IL |
$215 million |
751 |
January, 06 |
LaSalle Hotel Properties |
Undisclosed |
| Portfolio of 9 Hotels and a Golf and Tennis Club, Florida |
$367 million |
1,948 |
1st Qtr |
Affiliate of The Blackstone Group |
MeriStar Hospitality Corporation |
| Westin Embassy Row, Sheraton Suites, Sheraton, DC, San Diego, Framingham (MA) |
$146 million |
843 |
January, 06 |
Pyramid Hotels Opportunity Venture II |
Starwood Hotels & Resorts |
|
*The total value of this transaction, including debt and the combination with Raffles, is expected to be approximately US$5.5 billion (or US$3.9 billion, without giving effect to the Raffles combination).
**Acquired a 75 percent interest.
Copyright (c) 2005 Global Hospitality Resources, Inc., San Diego, CA. Used with permission.
