Monarch Alternative Capital acquires Westin Minneapolis hotel
The Westin Minneapolis deal represents twelfth hotel purchase for Monarch in 2021.
Deals
Tristan’s EPISO 5 Fund buys four-star hotel in Manchester, England
The hotel completed a three-year conversion programme and opened in May this year.
Avelios and Crestline Investors’ JV buys East London hotel
The off-market deal was reached with investment and development company Definition Capital.
Wheelock buys Marriott soft-branded luxury hotel in West Palm Beach
Concord Hospitality will continue to manage the hotel under Wheelock's ownership.
Accor, Ennismore complete merger to establish new lifestyle entity
The new combined entity takes the name Ennismore and will comprise 14 global hotel and...
Benchmark Global Hospitality merges with Pyramid Hotel
The combined company has a portfolio of 210 hotels and more than $3bn in annual operating revenue under management.
Northland Properties buys King Blue Hotel in Toronto, Canada
The upscale and modern boutique hotel is slated to open this autumn.
Blackstone to divest The Cosmopolitan of Las Vegas for $5.65bn
As agreed, MGM Resorts International will acquire the operations of the property located on the Las Vegas Strip.
Pebblebrook buys Margaritaville Hollywood Beach Resort for $270m
Davidson Hospitality will continue to manage Margaritaville Hollywood Beach Resort.
Condor Hospitality Trust to divest entire hotel portfolio for $305m
Condor Hospitality Trust currently owns 15 hotels in eight US states.
Freed reaches $210m deal to buy resort properties in Ontario
Freed will roll its existing stake in Muskoka Bay resort into Resort LP, at a $90m valuation as part of the acquisition.
