Hospitality: Acquisitions & Dispositions
Smart In Your World
ArentFox Schiff represents private equity investment funds, REITs, and other public and private companies actively involved in acquiring or disposing of large hotel portfolios, trophy properties, and single limited-service hotel transactions.
Representative Transactions
- RLJ Lodging Trust’s, and its subsidiaries’, acquisition and disposition of over 220 hospitality assets worth in excess of $4 billion, including:
- Acquisition of a portfolio of nearly 100 hotels from White Lodging Services Corporation.
- Acquisition of FelCor Lodging Trust Inc. and its interest in hospitality assets across the country.
- Acquisition of the 750-room Manhattan Hilton Doubletree Metropolitan.
- Acquisition of the 298-room Manhattan Hilton Garden Inn.
- Acquisition of the 426-room Cancun Hilton Golf & Spa Resort.
- Acquisition of the 280-room Manhattan Fashion26 Hotel.
- Disposition by merger of an entity owning 22 hotels.
- Disposition of six Homewood Suites hotels.
- Park Hotels & Resorts’ acquisitions, dispositions, and tax free exchange transactions.
- Marriott International
- Sale, joint venture, and renovation of the Waikiki Beach Resort on Oahu
- Sale of Courtyard San Francisco Downtown hotel.
- Acquisition of the Crowne Plaza Oceanfront Hotel, a 193-room hotel located on Singer Island in Palm Beach County, for redevelopment into a fractional ownership product, and acquisition of the Seville Beach Hotel, a 4.5 acre land assemblage with 350 feet of Atlantic Ocean frontage in Miami, redeveloped under Marriott’s “Edition” brand.
- Acquisition of the Grand Cayman Marriott Beach Resort, a 304-room resort hotel located in Grand Cayman, British West Indies.
- Goldman Sachs’ acquisition and joint ventures across the US for more than $500 million.
- Capstone Development’s acquisitions of limited service hotels throughout the United States with different joint venture partners.
- Legacy Hotel Group in the acquisition and disposition of the boutique luxury Graham Hotel in the Georgetown neighborhood of Washington, DC.
- Various real estate investment funds’ (managed by one of the largest New York investment companies) purchase and sale of hotel portfolios throughout the US.
- Hospitality Investors Trust’s disposition of 30 limited-service hotels in 18 states.
- The Buccini/Pollin Group’s acquisition of over $4 billion of real estate assets, including 26 internationally branded hotels.
- The Salvation Army’s sale of a Homewood Suites hotel in Salt Lake City, UT.
- Corten Real Estate Partners preferred equity investments in several hotel properties located in multiple states.
