Oak Brook, Ill. – Inland American Lodging Group, Inc. (“Inland American”), a wholly owned subsidiary of Inland American Real Estate Trust, Inc., and Hyatt Hotels Corporation (NYSE: H), today announced that Inland American has purchased Hyatt Key West Resort and Spa in Key West, Fla., from a Hyatt affiliate for a purchase price of approximately $76 million. The resort, located in the heart of Key West on the Gulf of Mexico, will continue to be managed by Hyatt under a new management agreement.
Inland American Real Estate Trust, Inc. Purchases Collection of Hotel Monaco Properties (pdf link).
Oak Brook, Ill. – Inland American Lodging Group, Inc. (“Inland American”), a wholly owned subsidiary of Inland American Real Estate Trust, Inc., today announced the acquisition of three luxury boutique hotels from Kimpton’s Hotel Monaco collection for a purchase price of $189 million. The acquisition includes the Hotel Monaco Chicago, the Hotel Monaco Denver and the Hotel Monaco Salt Lake City, totaling 605 rooms. All three properties are part of Kimpton Hotels & Restaurants’ prominent boutique brand, Hotel Monaco, a collection of high quality, luxury boutique hotels that are converted from iconic, historic buildings and feature upscale bars and restaurants.
Inland American Real Estate Trust, Inc. Acquires the Lorien Hotel & Spa in Alexandria, Virginia (pdf link).
Oak Brook, Ill. – Inland American Lodging Group, Inc., a wholly owned subsidiary of Inland American Real Estate Trust, Inc., today announced that it has acquired the 107-room luxury boutique Lorien Hotel & Spa in Alexandria, Va., for a purchase price of approximately $45 million.
Inland American Real Estate Trust, Inc. Announces the Purchase of the Loews New Orleans Hotel (pdf link).
Oak Brook, Ill. – Inland American Lodging Group, Inc., a wholly owned subsidiary of Inland American Real Estate Trust, Inc., today announced that it has acquired the 23-story, 285-room Loews New Orleans for a purchase price of $74.5 million, or approximately $261,000 per key.
Inland American Real Estate Trust, Inc. Announces the Purchase of Hyatt Regency Santa Clara in California (pdf link).
Oak Brook, Ill. – Inland American Lodging Group, Inc., a wholly owned subsidiary of Inland American Real Estate Trust, Inc. (“Inland American”) and Hyatt Hotels Corporation (NYSE: H), today announced the respective purchase and sale of the 14-story, 501-room Hyatt Regency Santa Clara in Santa Clara, Calif., for approximately $93 million or $185,000 per key. The total purchase price may increase to $100 million if certain performance thresholds are achieved at the hotel. A Hyatt affiliate will continue to manage the hotel under a new management agreement.
Inland American Real Estate Trust, Inc. Announces Acquisition of Two Andaz Hotels Located in California and Georgia (pdf link).
Oak Brook, Ill. – Inland American Lodging Group, Inc. (“IALG”), a wholly owned subsidiary of Inland American Real Estate Trust, Inc. (“Inland American”), and Hyatt Hotels Corporation (NYSE: H) today announced that IALG has acquired a portfolio of two Andaz hotels for approximately $115 million. The hotels, both part of Hyatt’s acclaimed boutique lifestyle brand, are located in Napa, Calif., and Savannah, Ga. These will be the second and third Andaz hotels in Inland American’s portfolio, following the purchase of Andaz San Diego completed earlier this year. A Hyatt affiliate will continue to manage both hotels.
Inland American Real Estate Trust, Inc. Announces the Purchase of Two Westin Hotels in Houston for $220 Million (pdf link).
Oak Brook, Ill. – Inland American Lodging Group, Inc., a wholly owned subsidiary of Inland American Real Estate Trust, Inc., announced today that it has acquired two Westin hotels located in Houston’s Galleria District, for approximately $220 million. The 24-story Westin Galleria includes 487 rooms and over 71,000 square feet of meeting space. The Westin Oaks Houston at the Galleria offers 406 rooms on 21 floors as well as 23,500 square feet of meeting space, including a 4,500-square-foot banquet space overlooking the Houston skyline.
Inland American Lodging Advisor, Inc. Announces the Addition of Industry Veteran Barry Bloom as its Executive Vice President of Asset Management and Chief Operating Officer (pdf link).
Oak Brook, Ill. – Inland American Lodging Advisor, Inc. (“IALA”), a wholly owned subsidiary of Inland American Real Estate Trust, Inc., announced today that Barry A.N. Bloom will be joining the company as its Executive Vice President of Asset Management and Chief Operating Officer. Mr. Bloom will assume his new position on July 1 and in the interim will provide consulting services to the company while he concludes his work in his current position as an Associate Professor of the Practice at Boston University.
Inland American Real Estate Trust, Inc. Announces the Purchase of the Residence Inn Denver City Center (pdf link).
Oak Brook, Ill. – Inland American Lodging Group, Inc., a wholly owned subsidiary of Inland American Real Estate Trust, Inc. (“Inland American”), announced today that it has acquired the 14-story, 228-room Residence Inn by Marriott Denver City Center and adjoining 448-space parking garage for a purchase price of $80 million.
Inland American Real Estate Trust, Inc. Announces the Purchase of the Andaz San Diego Hotel (pdf link).
Oak Brook, Ill. – Inland American Lodging Group, Inc., a wholly owned subsidiary of Inland American Real Estate Trust, Inc., announced today that it has acquired the six-story, 159-room Andaz San Diego, a boutique luxury hotel managed by Hyatt for a purchase price of $53 million, or approximately $333,000 per key.
