MCR buys DoubleTree Suites Minneapolis

This roundup features the latest hotel deals in the US hospitality industry.


Rooms: 229
Location: Minneapolis, Minnesota
Price including debt: $29.8 million
Price per room: $129,913
Buyer: MCR
Transaction date: December 16, 2021
Takeout: This is the third property in the Minneapolis metro area in the past 12 months that MCR has purchased.


Location: Seven Springs, Pennsylvania
Price including debt: $125 million
Buyer: Vail Resorts
Date of the transaction: reached an agreement on December 8, 2021.
Takeaway: The acquisition also includes Hidden Valley Resort and Laurel Mountain Ski Area operations. The purchase price is subject to certain adjustments.

Peachtree Hotel Group has purchased AC Hotel Miamia Aventura, shown here. (Costar)


Rooms: 233
Location: Aventura, Florida
Buyer: Peachtree Hotel Group
Transaction date: December 7, 2021
Takeout: Peachtree Hospitality Management will operate the hotel.


Rooms: 207
Location: Aventura, California
Buyer: Peachtree Hotel Group
Transaction date: December 7, 2021
Takeout: Peachtree Hospitality Management will operate the hotel.

Pebblebrook Hotel Trust has purchased the Estancia La Jolla hotel in La Jolla, California. (Costar)


Rooms: 210
Location: La Jolla, California
Price including debt: $108 million
Price per room: $514,285
Buyer: Pebblebrook Hotel Trust
Trade date: December 1, 2021
Takeaway: Pebblebrook has retained Noble House Hotels & Resorts to manage the hotel.


Rooms: 531
Location: New York
Price including debt: $55.5 million
Price per room: $104,519
Seller: Herald Hotel Associates
Buyer: Burnett Equities
Transaction date: November 23, 2021
Takeaway: The new owner plans to invest an additional $55 million to revamp the hotel.

Back to Hotel News Now home page

Comments are closed.