Hyatt Regency San Francisco Fetches $279 Million in Blackstone Deal
Skift Take
Sunstone Hotel Investors agreed to sell the 821-room Hyatt Regency San Francisco to funds affiliated with Blackstone Real Estate for $279 million. Plus, more hotel deal news.
The DJIA fell 46 points, but the real damage was on the Nasdaq and the S&P 500. Nasdaq was down 2.2%, falling 580 points on the day, while the S&P 500 was down 107 points, which was 1.43%. The 10-year treasury yield was down .02 to 4.49%. Lodging stocks were modestly higher, but there was something really noticeable. The only new highs in the REITs today were CLDT and RLJ. It has been a long time since we haven’t had a decent list of new 52-week highs.
St. Regis Hotels & Resorts announced the opening of The St. Regis Costa Mujeres Resort, Cancun. The resort features 163 guestrooms and 50 suites, nine distinct food and beverage venues, The St. Regis Spa, an oceanfront infinity pool, fitness center. and approximately 9,687 square feet of event space, including the Astor Ballroom.
SpringHill Suites Fort Myers Airport has completed renovations of its lobby and suites. The hotel also features an outdoor pool, whirlpool, fitness center, meeting space, an
