Recent commercial real estate transactions
Transactions reported this week included the sale of a hotel portfolio.
An affiliate of Summit Hotel Properties will acquire an 812-guestroom, five-hotel portfolio from Xenia for a total purchase price of $163 million, or approximately $201,000 per key. The portfolio includes the 203-guestroom Courtyard Fort Worth Downtown/Blackstone, the 123-guestroom Courtyard Kansas City Country Club Plaza, the 182-guestroom Courtyard Pittsburgh Downtown, the 116-guestroom Hampton Inn & Suites Baltimore Inner Harbor, and the 188-guestroom Residence Inn Baltimore Downtown/Inner Harbor.
An office in Bellevue, Wash., sold for $153 million to Kennedy Wilson. The company acquired 90 East, a 573,000-square-foot office campus consisting of three class-A office buildings. The sellers were Talon Private Capital and Cerberus Capital Management.