Ownership
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SAI Hospitality Acquires Courtyard by Marriott Oklahoma City Airport
OKLAHOMA CITY — Sai Hospitality has acquired the 149-room Courtyard by Marriott Oklahoma City Airport from an undisclosed seller. The sale price was not disclosed. Hunter Advisors brokered the transaction, with Senior Vice President Spencer Davidson and Vice President Mason…
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Highgate, Eternam Acquire Zafolia Hotel Athens
LONDON — Highgate and Eternam have jointly acquired the 191-room Zafolia Hotel Athens, marking Highgate’s first investment in Greece. The acquisition expands Highgate’s presence in Southern Europe, where the hospitality company already has a portfolio in Portugal. Highgate said in…
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Witness Investment Acquires Renaissance Milwaukee West Hotel
WAUWATOSA, Wis. — Chicago-based Witness Investment has acquired the 196-room Renaissance Milwaukee West Hotel in Wauwatosa, according to Hunter Advisors, which represented the transaction. The seller and terms of the sale were not disclosed. Built in 2020, the 12-story, AAA…
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Amaterra Hospitality Group Acquires RiverPlace Hotel
PORTLAND, Ore. — Amaterra Hospitality Group has acquired the 85-room RiverPlace Hotel in downtown Portland and selected CoralTree Hospitality to manage the property. The hotel is located along the Willamette River on Portland’s south waterfront. Its 85 guest rooms and…
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People Incorporated Proposes Acquisition of MGM Resorts
NEW YORK — People Incorporated, formerly IAC, has submitted a nonbinding proposal to acquire all outstanding shares of MGM Resorts International that it does not already own for $48.30 per share in cash. People Incorporated already owns 26.1% of MGM’s…
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Fertitta Entertainment to Acquire Caesars in $17.6 Billion Deal
LAS VEGAS and RENO, Nev. — Caesars Entertainment Inc. has entered into a definitive agreement to be acquired by Fertitta Entertainment Inc. in an all-cash transaction valued at about $17.6 billion, including the assumption of approximately $11.9 billion of Caesars’…