Hotels

The latest deal is Sotherly Hotels' acquisition of the 318-room Hyatt Centric Arlington for $79.7 million.

WASHINGTON, DC--MRP Realty partnered with Westbrook Partners in its purchase of Windsor at Arbors and the property traded for $100 million or $250,000 per unit.

WASHINGTON, DC--A venture between Rockpoint Fund V Acquisitions and Three Wall Capital has acquired the Beacon Hotel here.

“People are looking to buy hotels again, particularly as it is clear that interest rates will rise over the next year.”

Hotel transactions are expected to hit $24 billion this year, matching 2017 numbers with no expectations for an increase in transaction volume.

Maefield Development and Fortress Investment Group are buying out the Witkoff Group and Winthrop Realty Trust in the hotel project at 20 Times Square, currently under construction.

"Andaz Maui, Grand Hyatt San Francisco, and Hyatt Regency Coconut Point are exactly the type of iconic real-estate we target and are located in what we believe are some of the best near-term growth markets in the US.”

A healthy economy is expected to keep hotel demand strong in 2018, but rates are only expected to climb 5%.