Big Sales, Public Offerings Spotlight Hot Summer For Hotel Investors

A summer heat wave has left many sweltering through much of the nation this summer, but the hotel investment market is generating some July heat of its own during the peak month for vacations, as evidenced by a pair of blazing hotel acquisitions and financings at the outset of the third quarter.

Major deals announced just this week include DiamondRock Hospitality Co.’s blockbuster $ 495 million portfolio acquisition from Blackstone, and Pebblebrook…
National Commercial Real Estate News From CoStar Group