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INTERNATIONAL REPORT — Notable deals in Chicago, New York City, Seattle and Miami highlighted the month of December’s hotel deal activity.

The week of December 1-9 was highlighted by Pebblebrook Hotel Trust’s sale of the 752-room Westin Michigan Avenue Chicago for $72 million (less than $96,000 per room) to local investor Ketu Amin. Pebblebrook had acquired the well-located hotel with two aging towers in 2018 for $156 million after LaSalle Hotel Properties bought it in 2006 for nearly $215 million.

The week of December 9-15 was highlighted by a joint venture of Highgate, Gencom and Argent Ventures’ acquisition of the 607-key InterContinental New York Times Square for approximately $230 million from a joint venture between Tishman Realty and Metlife Investment Management. The deal was backed by a $190 million loan from Monroe Capital and will also see the property become a franchise with Highgate taking management from IHG.

The week of December 12-21 was highlighted by New Mexico-based Legacy Development & Management’s acquisition of the 234-key SpringHill Suites by Marriott Seattle Downtown/South Lake Union in the Denny Triangle neighborhood of Seattle, Washington, from an undisclosed seller for $51 million. The hotel last sold for $74.1 million in 2016.

To close out the year, Gencom highlighted the week of December 22-29 with its acquisition of the 115-key Ritz-Carlton Coconut Grove in Miami from Hersha Hospitality Trust for an undisclosed price. A Gencom-led JV originally acquired The Ritz-Carlton Coconut Grove in 2011 and, in 2017, sold a majority stake in the property to Hersha for a reported $24.63 million.

Click here for all the hotel deal activity for:

Deal activity: December 1-9, 2025

Deal activity: December 9-15, 2025

Deal activity: December 12-21, 2025

Deal activity: December 22-29, 2025

Deals of the Week is a weekly feature by Hotel Investment Today. Click here for deal compilations from many previous weeks.

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