Hotel Sales News
Two Oklahoma Hotels Scheduled for Absolute Auction
National Commercial Auctioneers [www.natcomauctions.com] has scheduled to sell to the highest bidder two operating hotels in Oklahoma. One property is a 139 room Quality Inn next to Oklahoma State University in Stillwater and the other property is a 138 room Quality Inn located in Ponca City. Both properties are managed by a Court appointed receiver.
Peru-Sale of Thunderbird Hotel Pardo
Thunderbird Resorts Inc. (“Thunderbird” or “Group”) reports the following: the Group’s Peru subsidiary, Thunderbird Hoteles Las Americas (“THLA”), owns and operates six hotels in Lima, Peru (the “THLA Hotels”). As previously reported, in order to reduce the Group’s investment and related debt in “non-gaming” assets in the fourth quarter of 2009 the Group began to actively engage in selling four of the six THLA hotels that have no casino component.
Donohoe Hotel Brokerage Structures Sale of Historic Washington DC Hotel
Hotel Brokers International Donohoe Real Estate Services announces the sale of the District Hotel located in Washington, D.C. representing Braxton Hotel & Condominium, LLC, the Seller. Charlotte Seale, Associate Director of Donohoe Hotel Brokerage Group structured the sale of the District Hotel to Cherry Blossom Hospitality, LLC, the Buyer.
Vernon Manor Hotel to Undergo Major Redevelopment - Liquidation Sale to Be Conducted
The historic Vernon Manor Hotel has once again opened to the public, but instead of checking in, the public has the opportunity to check out and take a piece of the hotel with them.
Accor Announces the Sale of 5 Hotels in 4 European Countries for EUR154 Million
As part of the ongoing deployment of its “asset right” strategy, Accor has announced an international real estate transaction involving the sale of five hotels (representing more than 1,100 rooms) in four European countries for EUR154 million.
Holiday Inn & Suites in Front Royal, Va. Listed by Hunter Realty
Officials from Hunter Realty Associates, Inc., a leading national hotel investment services firm, today announced the listing for sale of the 124-room Holiday Inn & Suites Front Royal at Blue Ridge Shadows Resort in Virginia for $15.5 million.