Hodges Ward Elliott的动态

The recent $177 million sale of The William Vale Hotel in Brooklyn marks the end of a tumultuous chapter for this iconic property. Congratulations to the buyer, EOS Hospitality, the seller, Israeli bond holders, Asaf Ravid, Eastdil Secured, and our colleagues at LWHA Asset Management Group on the successful transition and disposition and ultimately the achievement of the highest price per key for a lodging property (even adjusting for retail and commercial space) in Brooklyn, NY’s history! ? EOS Hospitality's acquisition through a court-approved bankruptcy sale concludes years of ownership disputes and financial challenges. This outcome underscores the resilience and enduring value of well-located, high-quality hospitality assets, even amidst complex circumstances. ? The William Vale's journey reflects broader industry trends we are witnessing: 1. Distressed induced however highly desirable hotel acquisition opportunities with compelling upside that do not reflect distressed pricing 2. Strong investor appetite for premium lifestyle hotels in dynamic urban markets 3. The critical importance of robust asset management and operational expertise ? As the hospitality sector continues its recovery, strategic acquisitions like this will play a key role in reshaping portfolios and market dynamics. ? What are your thoughts on this transaction and its implications for the New York City hotel market? ? #HospitalityIndustry #HotelAcquisitions #NYCRealEstate ?? to article in first comment. ?? PC HOTELS magazine

Lessing’s Hospitality Group has acquired the former headquarters of the Suffolk County Water Authority in Great River, where the company will establish its new Long Island headquarters. https://lnkd.in/gtAvphr9

STAR Group has doubled down on its sunshine state expansion strategy, acquiring Rydges Mackay Suites and the Mackay Central retail centre. #hotelproperty #hotelinvestments #hotelsales #investmentsales #capitalmarkets #CRE #commercialrealestate #commercialproperty CBRE Hotels,?Wayne Bunz

Aprirose Real Estate Investment has been selling hospitality assets and wants to double its entire UK portfolio in the coming years. We talk to Manish Gudka and Ying Fahrholz (née Hong) about the divestments and plans going forward. #hotelinvestmenttoday #hotel #hospitalitynews #hotelnews #hospitalityindustry #hospitality #hoteldeals ?

Big news in the BostonRealEstate scene! Ashford Hospitality Trust just sold the 502-room Crowne Plaza hotel downtown for a cool $125m, a significant increase from their $89.5m purchase in 2011. What's more, $26.4m of the deal went towards property improvement. Wow! It's clear the price of Boston buildings is growing. But this deal raises an interesting question: Are we investing enough in property improvements for our existing assets? And is this something we often overlook in our strategy? ?? Upscale full-service hotels are Ashford's specialty. Yet, how much value is added through extensive renovations and upgrades? And can this strategy be applied to your portfolio? Maintaining value through property improvement is crucial, but easily neglected in the race for new acquisitions. Let's reflect on our current stance. Are we perhaps missing a trick in the BostonCondo and BostonHome markets? Reach out to me at the TurcoGroup, and let's delve deep into your real estate strategy. We'll identify potential blind spots and work towards maximizing your assets. Don't leave cash on the table. In a city like Boston, the devil is in the detail. #careers #BostonRealtor #MovemetoBoston

Blackstone Acquires Village Hotels from KSL Capital Partners - Blackstone has expanded its UK hospitality portfolio with the acquisition of Village Hotels from KSL Capital Partners for approximately $2.1 billion. This transaction includes 33 premium, Class A properties encompassing 4,400 hotel keys across key regional cities and suburban areas in the UK. - Village Hotels' integrated model, combining full-service hotel accommodations with fitness clubs, dining options, and co-working spaces, has positioned it as a market leader. This acquisition aligns with Blackstone’s focus on high-quality, differentiated assets in the hospitality sector, particularly those offering diversified revenue streams and robust customer bases. - James Seppala, Head of Real Estate Europe at Blackstone, underscored the acquisition's alignment with Blackstone’s investment strategy, emphasizing the portfolio's potential for growth and resilience. The firm's extensive network and operational expertise will likely enhance Village Hotels’ market presence and operational efficiency, leveraging its unique business model. - Gary Davis, CEO of Village Hotels, highlighted the brand's evolution and expanded offerings under KSL’s ownership, particularly attracting business travelers seeking premium health and wellness facilities. Blackstone’s investment is expected to further accelerate this growth trajectory, enhancing service offerings and expanding market reach. - Financially, the acquisition is poised to enhance Blackstone's asset base, with Village Hotels’ consistent performance and high occupancy rates expected to contribute positively to Blackstone’s income stream. The deal's financing structure, incorporating a mix of equity and debt, reflects Blackstone’s prudent capital allocation strategy, ensuring balance sheet stability while pursuing growth opportunities. - The integration of Village Hotels into Blackstone’s portfolio also presents significant operational synergies. The combined entity is expected to benefit from shared resources, enhanced purchasing power, and streamlined operations, driving cost efficiencies and improved profitability. - Additionally, this acquisition reaffirms Blackstone’s bullish outlook on the UK leisure and hospitality market, despite broader economic uncertainties. By targeting well-located, high-performing assets, Blackstone is positioning itself to capitalize on long-term growth trends in the sector. - The transaction has been advised by Lazard and Santander on the financial front, with Simpson Thacher & Bartlett LLP and DLA Piper providing legal counsel to Blackstone. KSL Capital Partners received financial advisement from Morgan Stanley, with legal support from Dentons. #Blackstone #VillageHotels #HospitalityInvestment #UKRealEstate #PrivateEquity #MergersAndAcquisitions #HotelIndustry #MarketExpansion #InvestmentStrategy #FinancialGrowth

We advised leading real estate and leisure investment firm London & Regional Properties (L+R) on its acquisition of Holiday Inn Express Folkestone for its Atlas Hotels brand. Located near the Eurotunnel, the Folkestone acquisition supports Atlas Hotels’ vision to grow in key locations across the UK and strengthens its position as the largest franchisee of Holiday Inn Express hotels in Europe. In a deal led by Danny Lee, Niall Mackle, Scott Paterson, Robert Forman and Will Hall, our Hotels team, part of our cross-disciplinary Built Environment sector group, provided real estate, corporate, tax, licensing, employment and construction expertise. We have a longstanding relationship working with L+R on M&A transactions and have guided our client through seven of its acquisitions in the last five years.? For the full detail, read the press release: https://bsalmon.us/4a4fJa1 #Hotels #BuiltEnvironment #CorporateDeals

?? Big Moves in Hospitality! ?? In our latest newsletter, explore 2024’s hottest hotel investment trends, major acquisitions like Certares Management LLC's stunning purchase of Carté Hotel San Diego Downtown, and exclusive insights into the booming California market. "We see continued opportunity to build upon our San Diego cluster," says Nolan Hecht, Senior Managing Director at Certares. Get ahead of the curve and discover key drivers, emerging trends, and strategic opportunities. #HospitalityRealEstate #HotelInvestments #SanDiego #MarketTrends #RealEstateInsights #StrandsRealtyGroup

The one thing that struck me the most at our recent roundtable discussion is just how interwoven so many groups are by global market conditions... M&A... Private Equity... Finance... Fund Finance... Fund Formation... Real Estate... ESG... Restructuring... Insolvency... there must be a Matrix quote I'm missing here! #funds #fundformation #privateequity #reedsmith

As we discussed late last year, portfolio deals continue to fuel robust investment in the UK hotel sector. Recent Knight Frank research confirms this strength, highlighting significant acquisitions by major players like Starwood, Village Hotels, and Landsec. Deal activity has surged by a remarkable 198% year-over-year, with overseas buyers accounting for a substantial 75% of transactions. Notably, over 20,000 hotel bedrooms were acquired by private equity or international investors – a level unmatched by any other industry. The repurposing trend is also gaining momentum, exemplified by Criterion Capital's ￡50m acquisition of the former Debenhams store in Edinburgh for redevelopment into a hotel. With demand from overseas private equity and institutions seeking to divest assets, we are expecting to see a sustained buoyant market for the year. If you're considering selling your hotel in 2025 and want to maximise its appeal to private equity investors, or if you are looking for investment feel free to get in touch for a chat. #UKHotels #HotelInvestment #PrivateEquity #RealEstate