Hospitality: Acquisitions & Dispositions
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. Accordion Toggle
