Service with a smile 21 February 2020 Tom Kemble of the Pass at South Lodge cooks up a pumpkin masterclass and shares why it’s important for chefs to meet their customers
In this week's issue...Service with a smile Tom Kemble of the Pass at South Lodge cooks up a pumpkin masterclass and shares why it’s important for chefs to meet their customers
Read More
Search
The Caterer

Five US Marriott hotels sold

16 May 2007 by
Five US Marriott hotels sold

Five Marriott hotels in the USA have been bought for $114.2m (£57.6m) by Memphis-based Equity Inns the oldest and third largest hotel real estate investment trust (REIT) in the USA.

The properties, which are located in Los Angeles, San Diego and Dallas were bought from partnerships operating under Huntington hotels and included debt of $56.5m (£28.5).

Equity Inns president and chief executive, Howard Silver, said: "Los Angeles and San Diego are places that have substantial barriers to entry and that is where you should buy hotels or any real estate. The demand for hotels and the rates in those cities has increased substantially over the last few years."

Equity Inns REIT has 132 properties in 35 states within the USA.

Marriott profile on CatererSearch >>

Equity Inns website >>

Grosvenor House to be rebranded as JW Marriott >>

UKs first REIT unveiled >>

By Emily Manson

E-mail your comments to Emily Manson](mailto:emily.manson@rbi.co.uk?subject=Five US Marriott hotels sold) here.

[The Caterer Blog](http://www.caterersearch.com/blogs/catering-news-blog/) Catch up with more news and gossip on the Caterer Blog here
[Newswire For the latest hospitality news, sign up for our e-mail news alerts.
The Caterer Breakfast Briefing Email

Start the working day with The Caterer’s free breakfast briefing email

Sign Up and manage your preferences below

Thank you

You have successfully signed up for the Caterer Breakfast Briefing Email and will hear from us soon!