Hotels

With the Hollywood Stadium project and LAX nearby and a wealth of new office projects filling up, El Segundo is starting to attract more hotel developments.

Preqin has broken down the numbers for US private equity real estate last year to see which region of the country had the strongest deal flow.

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.