BBungah

Recent Deals

Graded autopsies of notable US hotel sales, on public data. Decision support, not a recommendation.

RLJ Midway-area portfolio (7 hotels) · Chicago, IL (Midway)
$68M · $64k per key · 1,057 keys
Buyer Endeavor Hotels (Vishal Thakkar) · Seller RLJ Lodging Trust (RLJ)

Insufficient · 2 of 5 factors graded · Not graded: replacement cost, spread, supply

Only 2 of 5 factors could be graded; insufficient public data. Replacement cost not graded (price includes a restaurant parcel with no public allocation); spread not graded (no trailing-12-month cap rate or NOI disclosed); supply not graded (no dated room count or pipeline share public).

Rubric v1.1 (current)Rubric v1 (original): Insufficient public data
Announced Oct 25, 2026Close reported by press, not company-confirmed
The Hotel Zags · Portland, OR
$10M · $57k per key · 174 keys
Buyer Third party (not named) · Seller Pebblebrook Hotel Trust (PEB)

4.8 of 5  · 3 of 5 factors graded · Not graded: spread, supply

Scored using an estimated 88% discount to replacement cost; spread not graded (trailing NOI was negative); supply not graded (no dated room count or pipeline share public); 3 of 5 factors graded.

Rubric v1.1 (current)Rubric v1 (original): Insufficient public data
Announced Oct 9, 2026Closed Oct 8, 2026
The Bellmoor Inn & Spa · Rehoboth Beach, DE
$31M · $392k per key · 79 keys
Buyer DiamondRock Hospitality (DRH) · Seller Not disclosed

4.5 of 5  · 4 of 5 factors graded · Not graded: supply

Scored using an estimated 76% discount to replacement cost with a 338bp spread; supply not graded (no dated room count or pipeline share public); 4 of 5 factors graded.

Rubric v1.1 (current)Rubric v1 (original): 4.8 of 5
Announced Oct 8, 2026Closed Oct 1, 2026
Embassy Suites Las Vegas · Las Vegas, NV
$44M · $198k per key · 220 keys
Buyer 4315 Hospitality LLC · Seller Ashford Hospitality Trust (AHT)

3.6 of 5  · 4 of 5 factors graded · Not graded: spread

Scored using an estimated 58% discount to replacement cost; spread not graded (no trailing-12-month cap rate or NOI disclosed); 4 of 5 factors graded.

Rubric v1.1 (current)Rubric v1 (original): 4.0 of 5
Announced Oct 1, 2026Closed Sep 25, 2026
Four Seasons Resort Scottsdale at Troon North · Scottsdale, AZ
$372M · $1.77M per key · 210 keys
Buyer Evergreen Acquisitions, LLC · Seller Braemar Hotels & Resorts (BHR)

2.9 of 5  · 4 of 5 factors graded · Not graded: supply

Scored using an estimated 10% premium to replacement cost with a 149bp spread (our calculation); supply not graded (only an under-construction share is public); 4 of 5 factors graded.

Rubric v1.1 (current)Rubric v1 (original): 3.3 of 5
Announced Sep 29, 2026Announced
The Wade (former W Chicago Lakeshore) · Chicago, IL
$25M · $48k per key · 520 keys
Buyer Vinayaka Hospitality (Ketu Amin) · Seller Park Hotels & Resorts (PK)

4.8 of 5  · 3 of 5 factors graded · Not graded: spread, supply

Scored using an estimated 90% discount to replacement cost; spread not graded (no trailing-12-month cap rate or NOI disclosed); supply not graded (closures listed without room counts); 3 of 5 factors graded.

Rubric v1.1 (current)Rubric v1 (original): Insufficient public data
Announced Sep 17, 2026Closed (reported by press, Oct 25, 2026)
Tideline Palm Beach Resort · Palm Beach, FL
$150M · $1.12M per key · 134 keys
Buyer Fort Partners affiliate · Seller Jeff Greene

3.0 of 5  · 3 of 5 factors graded · Not graded: spread, supply

Scored using an estimated 140% premium to replacement cost; spread not graded (no trailing-12-month cap rate or NOI disclosed); supply not graded (no single public source gives the total pipeline share); 3 of 5 factors graded.

Rubric v1.1 (current)Rubric v1 (original): 3.0 of 5
Announced Sep 17, 2026Closed Sep 9, 2026
Embassy Suites Dulles Airport · Herndon, VA
$23M · $152k per key · 150 keys
Buyer Woodland Park Road LLC · Seller Ashford Hospitality Trust (AHT)

4.3 of 5  · 3 of 5 factors graded · Not graded: spread, supply

Scored using an estimated 68% discount to replacement cost; spread not graded (no trailing-12-month cap rate or NOI disclosed); supply not graded (no single public source gives the total pipeline share); 3 of 5 factors graded.

Rubric v1.1 (current)Rubric v1 (original): 4.3 of 5
Announced Aug 12, 2026Closed Aug 24, 2026
Embassy Suites Philadelphia Airport · Philadelphia, PA
$26M · $99k per key · 263 keys
Buyer SSN 9000 Bartram Road LLC · Seller Ashford Hospitality Trust (AHT)

4.3 of 5  · 3 of 5 factors graded · Not graded: spread, supply

Scored using an estimated 79% discount to replacement cost; spread not graded (no trailing-12-month cap rate or NOI disclosed); supply not graded (no single public source gives the total pipeline share); 3 of 5 factors graded.

Rubric v1.1 (current)Rubric v1 (original): 4.3 of 5
Announced Aug 12, 2026Closed Oct 6, 2026
JW Marriott and Ritz-Carlton Grande Lakes Orlando · Orlando, FL
$1.38B · $867k per key · 1,592 keys
Buyer Ryman Hospitality Properties (RHP) · Seller GLO Hotel Owner LLC

3.2 of 5  · 4 of 5 factors graded · Not graded: supply

Scored using an estimated 2% discount to replacement cost with a 188bp spread; supply not graded (no free source gives the total pipeline share); 4 of 5 factors graded.

Rubric v1.1 (current)Rubric v1 (original): 3.2 of 5
Announced Aug 10, 2026Closed Sep 1, 2026

Every qualifying deal (10)

Every deal that meets the inclusion rule is logged here, graded or not, from Aug 10, 2026 on. Ordered by announcement date, newest first. Each property links to its source. Prices are as disclosed or recorded, never estimated.

Recent Deals · Bungah Capital Intel