Gulf Coast hotels part of $1.8B deal


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  • | 1:23 p.m. March 24, 2015
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A onetime real estate investment trust has parted ways with all but 10 of its 126 hotels, in a cash and debt deal worth $1.8 billion.

That sale from W2007 Grace Acquisition I included six hotels in the Gulf Coast region, which collectively sold for $77.3 million. Those hotels were:

• Hyatt Place Tampa Airport/Westchase, 4811 W. Main St., Tampa, for $19.6 million;

 

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