Two area hotels sold as part of 16-property portfolio
CBRE represented the seller in deal valued at $137.3 million.
Source: thereporteronline.com
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HOT PROPERTIES: North Charleston hotel part of $137M sale
HOT PROPERTIES: North Charleston hotel part of $137M sale
Source: charlestonbusiness.com
Joint Venture of NewcrestImage & Hospitality Capital Partners Acquires 16-Hotel Portfolio for $137 Million
In a joint venture, Dallas-based NewcrestImage and Phoenix-based Hospitality Capital Partners (HCP) have acquired 16 hotels with a total of 2,155 rooms for $137.3 million from Service Properties Trust, a Massachusetts-based REIT. The transaction was handled by Al Calhoun and Mark Fair at CBRE in Atlanta.
Source: hospitalitynet.org
NewcrestImage & Hospitality Capital Partners Acquire Eleven Hotels Across Seven States
A joint venture of NewcrestImage and Hospitality Capital Partners (HCP) has completed acquisition of 11 hotels in seven states with a total of 1,551 rooms in a transaction handled by Al Calhoun and Mark Fair at CBRE in Atlanta.
Source: hospitalitynet.org
CBRE Arranges Sale of 65-Property Hotel Portfolio worth $514 Million
CBRE has arranged the sale of a 65-property, 7,865-key hotel portfolio located across 27 states. Massachusetts-based REIT, Service Properties Trust, sold the portfolio to 21 separate buyers for a total consideration of approximately $514 million.
Source: hospitalitynet.org