The Marriott Hotel Hanover traded for $27 million to HEI Hotels & Resorts,, which plans to rehab the 353-key hotel for $20 million.

Details of the other three transactions are more limited, Altobello tells GlobeSt.com. The remaining three hotels traded for an aggregate of $63 million in net proceeds, he reports. These are the 253-room Washington Dulles Marriott Suites, the Boston Marriott Newton, a 430-key hotel with 20,000 square feet of meeting space, and the 448-room Sheraton Stamford, which offers 39,000 square feet of meeting space.

The fact that all four trades occurred within the last few weeks was a coincidence--and not a reflection of a larger strategy being put into play by Host Hotels, according to Altobello. In other words, Host is not launching a sell-off of its assets. Indeed, the finance environment for hotels--as it is for all commercial real estate asset classes--remains very tight. "Equity buyers have the advantage at the moment," Altobello says.

The four that traded are located in desirable core business markets, resulting in competitive bidding, he says. These deals aside, MK is predicting that the majority of sales for the next 12 to 24 months will be made to investors that do not need financing to close.