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The “hotly contested sale process”, managed by agents Stonebridge Property Group and HTL Property, saw in excess of 300 enquiries, and over 20 formal offers received at the close of first round bids.
Global realestate investors are increasingly gravitating to the hotels sector evidenced by near historic levels of first-time capital invested in 2024, said JLL Hotels & Hospitality Group Global Head of Hotels Research, Zach Demuth.
Jefferson, along with Marcus & Millichap’s Jack Davis, Eric Webster, and Joce Messinger, exclusively marketed the property on behalf of the seller, a […] The post Marcus & Millichap ClosesSale of Sleep Inn Sumter appeared first on LODGING Magazine.
MIAMI, Florida—Kabani Hotel Group announced that Ahmed Kabani, chief executive officer and founder, along with partners Suraj Dalal and Kian McLean, has successfully completed the leasehold interest sale of the Wyndham Garden Tallahassee Capitol, a 147-room property located in Tallahassee, Florida.
announced that it has closed on the sale of the 85-room Hampton Inn in Lawrenceville, Georgia for $8.1 The sale price represented a 6.0 All the net proceeds from the sale will be used for general corporate purposes including paying down the company’s strategic financing. DALLAS, Texas—Ashford Hospitality Trust, Inc.
The sale is expected to be completed in March and is subject to normal closing conditions. The company provides no assurances that the sale will be completed on these terms or at all. DALLAS—Ashford Hospitality Trust, Inc. For the trailing 12 months ended Dec.
A recent example of these transactions includes the sale of the Diplomat Beach Resort in Hollywood, FL, which was the third-largest single-asset sale in U.S. In addition, the recent closing of the AC Hotel Phoenix Biltmore set a record price-per-key for upscale select-service assets in the Phoenix market.
MBA Hotel Brokers Inc, announces David Joseph as the newest member to its team of experienced and dedicated hospitality realestate professionals. David Joseph is a licensed realestate broker in Florida. MBA Hotel Brokers has been listing and selling hotels nationally for 22 years.
Global realestate services firm Cushman & Wakefield has appointed Marc Magazine as executive director focused on investment sales. million in sales volume since joining Cushman & Wakefield earlier this year, with another $110 million currently under agreement and scheduled to close prior to year-end. “[The
UK: Realestate advisor CBRE is overseeing the sale of The Dawson Hotel in Dublin, which is being offered for sale from €17.5 The Dawson Hotel has 36 bedrooms which are currently closed, providing the potential for refurbishment. million by private treaty.
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