Hotels

HOUSTON-The sellers end a six-year hold with the pass to Warburg Pincus Real Estate and Crestline Hotels & Resorts. Sources say the asset rang up $60 million to $70 million.

SOUTHLAKE, TX-Hines banks the largest undeveloped site in the city after nine months of talks with Newland Communities. A new name and new master plan are coming.

BEVERLY HILLS, CA-The deal gives Blackstone the keys to one of the world's largest hotel chains, with 2,896 properties and 490,000 rooms.

LONG BRANCH, NJ-The new construction will add 240 residences, a hotel and 3,800 sf of retail to Applied Development's Pier Village.

SAN ANTONIO-Principal and Miller Global are entering a partnership with Marriott International to develop the JW Marriott San Antonio Hill Country Resort & Spa.

WASHINGTON, DC-Hospitality firms Lazer Lodging and Revpar International are combining resources to create a full-service hotel asset management and advisory firm.

DELRAY BEACH, FL-Work begins on the 29-unit Seagate Residences, with construction of the 162-suite Seagate Hotel & Spa and Seagate Beach Club expected to start soon.

KATY, TX-The buyer pays about $18 million for the 145-key hotels and immediately raises its flag, Extended Stay Deluxe, in the far west submarket and Sugar Land.