Hotels / Motels / Cruise Lines
Sabra Health Care REIT Inc exercises purchase option on two skilled nursing facilities for $24.5 mln
Sabra Health Care REIT Inc:Exercised its option to purchase and completed the acquisition of two skilled nursing facilities with a total of 254 licensed beds for $24.5 million.Facilities are located in Colorado Springs, Colorado and Fort Pierce, Florida and have 147 and 107 beds, respectively.
Hersha Hospitality Trust:CloseS on the purchase of the Hotel Oceana in Santa Barbara, California for $41.7 mln.
Ashford Hospitality Trust Inc:Completes sale of Pier House Resort and Spa to Ashford Hospitality Prime Inc.Sale for total consideration of $92.7 mln.
Ashford Hospitality Prime Inc:Completes acquisition of the 415-room Sofitel Chicago Water Tower for a total consideration of $153 million ($369,000 per key).The property will continue to be managed by Sofitel (Accor SA). The acquisition was funded with proceeds from an $80.0 million non-recourse mortgage loan and proceeds from the company's January equity offering.The new $80.0 million mortgage loan bears interest at a rate of LIBOR + 2.30% and has a five year term, including extension options.
Millennium & Copthorne Hotels PLC:Millennium Hotels Hotel Palace Holdings S.r.l., a wholly owned indirect subsidiary of the company, has entered into purchase and sale agreement with Grand Hotel Palace S.r.l.For acquisition of the freehold interest in the hotel currently trading as the Boscolo Palace Roma, and its related business.Says purchase price is 65.5 million euros, payable in cash at completion.Says completion of the acquisition is expected to occur during the second quarter of this year.
Temple Hotels Inc:Agrees to acquire the Hotel Saskatchewan, Regina for $32.8 mln, subject to the customary closing adjustments.The full-service Hotel is located at 2125 Victoria Avenue in downtown Regina.Intends to undertake a $6 mln capital expenditure program over about three years, consisting of guestroom and lobby refurbishments.Acquisition is expected to close on March 31, 2014.
TA Global Bhd:Says that TA First Credit Sdn Bhd, a wholly-owned subsidiary of the company has acquired 1 ordinary share of 1.00 Ringgit each representing 50% equity interest in TFC Nominees (Asing) Sdn Bhd for a total consideration of 1.00 Ringgit on Feb. 17.Says that TA Properties Sdn Bhd, also a wholly-owned subsidiary of the company has acquired 490,000 ordinary shares of 1.00 Ringgit each representing 49% equity interest in Binaprestij Maju Sdn Bhd for a total consideration of 1.00 Ringgit on Feb. 17.
Ashford Hospitality Prime Inc:Says has signed a definitive agreement to acquire the 415-room Sofitel Chicago Water Tower for a total consideration of $153 mln in cash ($369,000 per key).The company expects to close the acquisition in the next 30 days.Says the company intends to finance the property with about $80.0 mln of non-recourse mortgage debt.
Genting Hong Kong Ltd:Says the buyer (indirect subsidiary) and the company enters into the second shipbuilding contract with the builder in relation to the construction and delivery of the second vessel.It is at a contract price of 697.2 million Euros (equivalent to about HK$7,359.6 million) including an allowance in the amount of 57 million Euros (equivalent to about HK$601.7 million) for buyer’s items.