Big Deals - August 2005
| Property Name |
Est. Sales Price US$ |
# of Rooms |
Month of Sale |
Buyer |
Seller |
| 5 USA Hotels |
$109 million |
961 |
Jul-05 |
Pyramid Hotel Opportunity Venture LLC |
CNL Hotels & Resorts, Inc. |
| Comments: Hotels Acquired: DoubleTree Hotel Del Mar, Hotel Rex (San Francisco), Beverly Heritage (Milpitas, CA), Hilton San Francisco Fishermans Wharf and Holiday Inn Columbia, SC |
| Bristol Arms Retro Hotel, Sydney |
$17.6 million |
N/A |
Jul-05 |
Interest Associated with Laundy Hotel Group |
St Marys Rugby League Club Ltd. |
| Fairmont Chicago |
$154.7 million |
692 |
3rd Qtr 2005 |
Strategic Hotel Capital, Inc. |
Affiliate of The Swig Company |
| Comments: Fairmont Hotels, Inc. will continue to manage the property subsequent to the acquisition. |
| Marriott Wardman Park Hotel |
Undisclosed |
1,300 |
Jul-05 |
An affiliate of The JBG Companies, L.L.C. & CIM Group |
Thayer Lodging Group |
| Comments: Marriott International will continue to manage the hotel. |
| Sir Francis Drake Hotel, San Francisco |
Undisclosed |
417 |
Jul-05 |
SFD Partners, LLC |
Sir Francis Drake Hotel Associates, L.P. |
| Comments: Kimpton Hotel & Restaurant Group, LLC will continue to manage the hotel. |
| The Pierre, New York City |
Undisclosed |
201 |
Jul-05 |
Taj Hotels Resorts and Palaces |
Undisclosed |
| Comments: Also includes 80 residential apartments; Taj succeeds Four Seasons as the lessee and operator. |
|
N/A = Not Available
Copyright (c) 2005 Global Hospitality Resources, Inc., San Diego, CA. Used with permission.
