Westin Hotels Portfolio Sale

Destination Resort Hotel Portfolio Sale

  • Share:
  • Buyer

    NCH/Transwest Properties, LLC

  • Seller

    Starwood Capital Group

  • Engagement Type

    Brokerage Services

A destination resort hotel portfolio sale that consisted of 899 guestrooms, signature golf courses, and high-end amenities

Situation

The Westin La Paloma Resort and Spa in Tucson, Arizona is a 487-guestroom destination resort hotel. Amenities include a 27-hole Jack Nicklaus golf course, the exclusive Red Door Spa, five unique pools, 64,000 square feet of meeting space, tennis facilities, and the children’s lounge.
The Westin in Hilton Head, South Carolina is a 412-guestroom ocean front destination resort hotel. This resort is located on the beautiful Port Royal Plantation. Amenities include three signature Port Royal golf courses, the full-service Heavenly Spa, three unique pools, 16 meeting spaces, tennis club, and unique experiences for children.

 

 

Solution

Resolute President and Co-Founder, Jeremiah Foster, negotiated the $310M sale and successful closing on December 2007 of the portfolio to his buyer while competing against buyers such as Host Marriot and Mass Mutual.