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‘Sydney’s biggest hotel sale this year’: Skye Suites nabs top price – HTL, Stonebridge report

Hotel Management

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.

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JLL projecting 25 per cent jump in global hotel investment volume

Hotel Management

Global real estate 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.

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Marcus & Millichap Closes Sale of Sleep Inn Sumter

Lodging

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 Closes Sale of Sleep Inn Sumter appeared first on LODGING Magazine.

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Kabani Hotel Group Facilitates Sale of the Wyndham Garden Tallahassee Capitol

Lodging

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.

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Ashford Hospitality Trust Closes on Hotel Sale, Gives Asset Update

Lodging

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.

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Ashford Trust Signs Agreement to Sell Hilton Boston Back Bay

Lodging

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.

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JLL: U.S. hotel sales kick off 2023 with a bang

Hotel Business

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.