News
HOTEL DEAL SETS RECORD
July 8, 2010
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| Yes, careful readers, we know we already ran this picture of the InterContinental Buckhead, but we've got a new (and interesting!) angle on the sale of the hotel to Pebblebrook Hotel Trust. (Pebblebrook announced last week it paid $105M for the 422-room hotel). So what's the new scoop? The price is $250k per key, making it the highest price per key for a single asset hotel deal ever recorded in Atlanta, according to Jones Lang LaSalle Hotels, which repped seller InterContinental Hotel Group. The overall price is the third highest this year in the US, behind Hilton Minneapolis at $155M and the Hyatt Regency Boston at $112M. |
