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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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McKibbon Acquires Hilton Garden Inn Orlando I-4 Millenia Blvd Mall

Lodging

ORLANDO, Florida—McKibbon Equities has closed on the purchase of Hilton Garden Inn Orlando I-4 Millenia Blvd Mall. The closing of the 132-room hotel represents the third portfolio investment for McKibbon Income Fund I, a real estate investment fund focused on acquiring existing select-service and extended-stay hotels.

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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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Peachtree acquires sixth DST-structured hotel

Hotel Business

This latest DST offering is the third to close this year following the completion of the Residence Inn Tampa Wesley Chapel DST in November. The Home2 Suites property is located off I-95 and is close to downtown St. Augustine, one of Florida’s most popular tourist destinations.

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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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Hyatt to Sell Playa's Real Estate Portfolio to Tortuga for $2 Billion

Hotel News Resource

Hyatt Hotels Corporation has agreed to sell Playa's owned real estate portfolio to Tortuga Resorts for $2 billion, with the transaction expected to close by the end of 2025.

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Hyatt to sell Playa properties to Tortuga for $2B

Hotel Business

Hyatt Hotels Corporation has entered into a definitive agreement to sell the entirety of Playa Hotels & Resorts ‘ owned real estate portfolio, acquired from Playa on June 17 for $2 billion , to Tortuga Resorts, a joint venture between an affiliate of KSL Capital Partners LLC and Rodina. Goldman Sachs & Co.