Four Hotels Complete Sales

INTERNATIONAL REPORT—Hotel transctions are taking place in medical, retail, business and wellness hubs across the globe. Noble Investment Group, MCR, HVS and Gencom have all closed on recent deals:

Noble Investment Group Acquires New Haven Hotel at Yale University
Noble Investment Group has acquired the New Haven Hotel at Yale University in downtown New Haven, CT. Downtown New Haven is a commercial, educational and medical district with retail, dining, art galleries and historic landmarks. The downtown area is home to both Yale University and the Yale-New Haven Hospital. The New Haven Hotel has 135 guestrooms and suites, a business center and fitness center, and approximately 1,000 sq. ft. of flexible meeting and boardroom space.

MCR Acquires the Hampton Inn by Hilton Philadelphia/King of Prussia
MCR has acquired the 149-room Hampton Inn by Hilton Philadelphia/King of Prussia in King of Prussia, PA. The newly renovated hotel is near the East Coast’s largest shopping center, the three-million-sq.-ft. King of Prussia Mall. The Hampton Inn by Hilton Philadelphia/King of Prussia has 149 pet-friendly guestrooms, a 24-hour fitness center, a business center and more than 600 sq. ft. of meeting and event space for approximately 40 people.

HVS Closes on Sale of Comfort Inn & Suites Houston West-Katy
HVS Brokerage & Advisory has closed on the sale of the 89-key Comfort Inn & Suites Houston West-Katy located in Katy, TX. The property was purchased by Jalabapa Hospitality of Amherst, OH, from Kei. V. Inc., based in Katy, TX. Jalabapa was seeking to expand its portfolio into Texas; the Comfort Inn & Suites is the company’s first Choice International-branded asset. The property is near multiple developments in the Katy area, including the 60-acre, suburban, mixed-use district that features Class-A office space, a multi-unit residential complex, a retail and entertainment center and green space. It is also near a 90-acre nature preserve, anchored by a $100-million Hyatt Regency hotel and convention center.

Gencom Acquires Hacienda AltaGracia in Costa Rica
Gencom has acquired Hacienda AltaGracia, Auberge Resorts Collection, a resort in the mountains of Pérez Zeledón in the southern region of Costa Rica. The acquisition represents a continued expansion of the Miami-based investment firm’s luxury mixed-use hospitality portfolio and its presence in Costa Rica; Gencom is a co-owner as well as the developer and asset manager of the master-planned resort community Peninsula Papagayo, which includes Four Seasons Resort Costa Rica and Andaz Costa Rica Resort. Financial terms of the transaction were not disclosed. The resort has 50 hacienda-style casitas, one of the largest spas and wellness facilities in Central America, a pool, beauty salon, fitness center and more. The resort is also home to a collection of indoor and outdoor dining venues, as well as an on-site organic farm.

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