(12/31/2008)

Top Hotel Deals in 2008

   

Rooms

Buyer

Seller

Broker

Price
($Mil.)

1

National portfolio

4,059

Inland American Real Estate

RLJ Development

Hodges Ward Elliott

$900.0

2

Hyatt Regency Waikiki, Honolulu

1,230

Hyatt Corp., Whitehall Street

Azabu USA

(None)

410.0

3

Fontainebleau, Miami Beach, Fla. (50% st.)

1,500

Nakheel Hotels

Turnberry Associates

(None)

375.0

4

Hyatt Regency Century Plaza, Los Angeles

726

Michael Rosenfeld, D.E. Shaw

Sunstone Hotel Investors

(None)

366.5

5

Andre Balazs portfolio

590

Room Mate Hotels

Andre Balazs, Greenfield

Eastdil Secured

240.0

6

Richmond Area/North Carolina portfolio

1,093

Apple REIT Eight

Tidewater Hotels & Resorts

(None)

205.1

7

Hotel Monaco portfolio

606

Cornerstone Real Estate

Prudential Real Estate Investors

Jones Lang LaSalle

185.9

8

Ritz-Carlton Huntington, Pasadena, Calif.

392

Great Eagle, Langham Hotels

Cornerstone, Lacera

Eastdil Secured

165.0

9

Renaissance M Street Hotel, Washington

355

Losan Hotels

Northview Hotel, Westbrook

(None)

157.0

10

Sheraton Grand Hotel, Sacramento

503

CIM Group

Sacramento Hotel Corp.

(None)

130.0

11

James Hotel, Chicago

297

Denihan Hospitality

James Group

(None)

119.0

12

Hyatt Regency, Garden Grove, Calif.

654

Inland American Real Estate

Ashford Hospitality

Molinaro Koger

115.0

13

Hyatt Summerfield Suites portfolio

827

RLJ Development

Gencom Group, Lehman

Eastdil Secured

109.0

14

Hotel 57, New York

194

Apple REIT

Rockpoint Group

Eastdil Secured

99.0

15

Sheraton Gateway LAX, Los Angeles

802

Harp Group, Fidelity, Blue Vista

Kor Hotel Group

Jones Lang LaSalle

97.0

16

Hyatt Regency Phoenix

696

DiNapoli Capital Partners

Strategic Hotels & Resorts

Jones Lang LaSalle

96.0

17

West Coast portfolio

607

Apple REIT 8

Dimension Development

(None)

90.6

18

Sagamore Resort, Bolton Landing, N.Y.

330

Ocean Properties

Green Island Associates

Plasencia Group

88.0

19

Westin, Westminster, Colo.

369

Amstar Group, Sage Hospitality

Inland Pacific Cos.

(None)

83.0

20

R.D. Olson Development portfolio

291

Apple REIT Eight

R.D. Olson Development

(None)

79.3


Back