Investors to Pay $249 Million, Just Below Luxury Price, for Midprice West Coast Hotels

CoStar 10/08/19 Investors to Pay $249 Million, Just Below Luxury Price, for Midprice West Coast Hotels REIT, Singapore Sovereign Wealth Fund Partner on Hotels That Can Withstand a Slow Economy By Clare Kennedy https://product.costar.com/home/news/7587818 Real estate investment trust Summit Hotel Properties Inc. is paying top dollar for four West Coast hotels that are relatively modest...

Hilton Leaves His Mark

Los Angeles Business Journal 09/27/19 Hilton Leaves His Mark REMEMBRANCE: LA icon influenced more than hotels By Hannah Madans https://labusinessjournal.com/news/2019/sep/27/hilton-leaves-his-mark/ William Barron Hilton, who died Sept. 19 at his home in Los Angeles at the age of 91, had an outsized impact on the city’s business community. The son of hotel mogul Conrad Hilton, he...

Holiday Inn Express in El Dorado Hills Sold for $21 Million

Sacramento Business Journal 10/02/19 Holiday Inn Express in El Dorado Hills Sold for $21 Million By Emily Hamann https://www.bizjournals.com/sacramento/news/2019/10/02/holiday-inn-express-in-el-dorado-hills-sold-for-21.html A Holiday Inn Express in El Dorado Hills fetched a high price when it sold last month. The 93-room hotel in the El Dorado Hills Town Center sold for $21 million, or $225,806 per room. “This...