Sale of the Williamsburg in New York, Hotel California in Paris and Sortis Holdings acquisition of the Ace Hotels brand highlight our list of deals from the past two weeks.
Here is a look at many of the major deals for the last three
weeks in January 2023, including the $96 million deal that saw Quadrum
Development acquiring The Williamsburg hotel in New York City. Previous owner
Heritage Equity Partners filed for bankruptcy about two years ago.
The most noteworthy deal of the period is Sortis Holding’s
acquisition for $85 million of Ace Group International, which includes the
management company, the brand and Ace’s intellectual property.
Each week, Hotel Investment Today will produce a
downloadable file listing most hotel transactions from the previous week. It
will include the name and location of the property, room count, the names of
the buyers and sellers, in most cases the price paid, valuation and price per
key, and a note with further information about deal details.
Download deal file