NEW YORK CITY Barclays Capital is putting three luxury hotels on the market, comprising 1,052 guestrooms, available for purchase individually or as a portfolio.
Jones Lang LaSalle Hotels has been tapped to sell The Fairmont Orchid Hawaii; The Stanford Court, a Renaissance Hotel, San Francisco; and Four Seasons Vail, Colorado. An asking price has not been made public.
The 538-key Fairmont Orchid Hawaii, located on the Kohala Coast, is a 32.6-acre oceanfront resort featuring 106,000 sq. ft. of indoor and outdoor meeting space, five restaurants and four lounges, and a luxury spa. It is being offered fee simple.
Situated on Nob Hill, the 393-key Stanford Court is an eight-story historic property on long-term ground lease. The hotel recently underwent a US$32 million renovation, and features 11,000 sq. ft. of meeting space, two food and beverage outlets and a fitness center.
The newly-constructed Four Seasons Vail is a 10-story, 121-key property with three food and beverage outlets, more than 8,000 sq. ft. of meeting space, a 14,000-sq.-ft. destination spa and 2,400 sq. ft. of retail space. The resort also includes 16 Four Seasons-branded whole ownership condominiums, plus 19 branded fractional units, most of which remain unsold.
Barclays is expected to also bring to market its St. Regis Washington, D.C., according to The Wall Street Journal.