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Big Deals - February / March 2008

Property NameEst. Sales Price# of RoomsMonth / YearBuyerSellerComments
US$of Sale
One&Only Palmilla, Los Cabos315 million172Feb-08Nakheel HotelsWhitehall Street Real Estate FundsAcquired a 50 per stake in project. Sales Price represents total asset value of project.
Sheraton Frazer Great Valley, Sheraton Mahwah, Latham Hotel Georgetown, Hilton Lafayette (USA)208 million898Feb-08Interstate Hotels & Resorts and Harte Holdings of IrelandBlackstone Group
22 Exel Inns (USA)Undisclosed2,397Feb-08FFC Capital Corporation and Interstate Hotels & ResortsExel Inns of AmericaProperties to be converted to Wyndham brands.
The Resort at The Mountain, Mt. Hood, Ore.Undisclosed160Jan-08Coastal Investors LLCJanice and Ed HopperProperty will undergo $14 million in renovations.
Radisson Hotel, Hampton, Virginia7.75 million172Feb-08MHI Hospitality CorporationUndisclosed

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