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These Six Hotel Properties Kicked Off the Year by Selling for Over $100 Million Each

Bynewsmagzines

Apr 7, 2023
A new ownership group has bought the The Standard in West Holywood, California, which uses an upside-down sign as part of its branding. (Getty Images)<br>


Even though the total hotel sales volume dropped by over 50% in the first quarter of this year from 2022’s fourth quarter, investors still found opportunities to invest in large transactions. Six hotel properties sold for over $100 million in the first three months of 2023. Two of the properties are currently closed and one was sold at auction. Here is a quick look at the transactions and the participants.

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