X

Thank you for sharing!

Your article was successfully shared with the contacts you provided.

OAK BROOK, IL—Inland American Lodging Group, Inc., a wholly owned subsidiary of Inland American Real Estate Trust, Inc., has just acquired an Andaz hotel in Napa, CA, and one in Savannah, GA, for about $115 million. The hotels, both part of Chicago-based Hyatt Hotels Corp.’s boutique lifestyle brand, will be the second and third Andaz hotels in Inland American’s portfolio, following the purchase of Andaz San Diego earlier this year. A Hyatt affiliate will continue to manage both hotels.

“The purchase of these hotels further exemplifies our strategy of seeking continued improvement in the quality and performance of our portfolio through targeted acquisitions, selective dispositions, superior asset management and thoughtful capital improvements,” says Marcel Verbaas, president and CEO of Orlando-based Inland American Lodging Advisor, Inc. The firm currently oversees 93 hotels with 17,822 rooms under various brands including Marriott, Hilton, Starwood, Hyatt, Fairmont, and IHG. Brand managers or independent third-party management companies typically manage the hotels.

Want to continue reading?
Become a Free ALM Digital Reader.

Once you are an ALM digital member, you’ll receive:

  • Unlimited access to GlobeSt and other free ALM publications
  • Access to 15 years of GlobeSt archives
  • Your choice of GlobeSt digital newsletters and over 70 others from popular sister publications
  • 1 free article* every 30 days across the ALM subscription network
  • Exclusive discounts on ALM events and publications

*May exclude premium content
Already have an account?

GlobeSt

Join GlobeSt

Don't miss crucial news and insights you need to make informed commercial real estate decisions. Join GlobeSt.com now!

  • Free unlimited access to GlobeSt.com's trusted and independent team of experts who provide commercial real estate owners, investors, developers, brokers and finance professionals with comprehensive coverage, analysis and best practices necessary to innovate and build business.
  • Exclusive discounts on ALM and GlobeSt events.
  • Access to other award-winning ALM websites including ThinkAdvisor.com and Law.com.

Already have an account? Sign In Now
Join GlobeSt

Copyright © 2021 ALM Media Properties, LLC. All Rights Reserved.