Selina, Fiverr partnership: Fiverr International, Tel Aviv, Israel, has partnered with Selina to provide Anywhere Workers (people who work remotely while traveling from at least two locations, international or domestic, through the year) with the chance to find community and connect with like-minded people while traveling. The partnership will enable these workers to connect via in-person events and meetings to combat loneliness. Additionally, Fiverr will launch its Work from Anywhere contest from August 1 to September 1, where 10 Fiverr freelancers will be selected to stay at a Selina location of their choice for three to four weeks. With activities and experiences in more than 163 destinations globally, Selina’s partnership with Fiverr will give the platform’s community members special access to Selina destinations.
Mission Hill adds 2: Mission Hill Hospitality, Denver, Colorado has acquired the 92-room Courtyard by Marriott Lenox and the 79-key Hampton Inn & Suites Berkshires-Lenox in Berkshire region of Western Massachusetts. Terms of the deal were not disclosed. These properties mark the 22nd and 23rd additions to Mission Hill’s portfolio since the company was launched in 2021.
Hersha sells 2 to Blackstone: Blackstone has acquired a pair of Washington, D.C., hotels from Hersha Hospitality Trust, amid a large wave of sales rippling across the hospitality, the Hilton Garden Inn at 2201 M St. NW, and the Hampton Inn at 901 Sixth St. NW, for a combined US$112.7 million. Hersha reported in April that it planned to sell the hotels as part of a larger, US$505 million sale of non-core urban select-service properties.
Crescent Hotels adds The Viv: Crescent Hotels & Resorts, Fairfax, Virginia, has added The Viv, Anaheim, a Tribute Portfolio hotel to its Latitudes: Lifestyles by Crescent collection. This comes after the recent rebranding of the Southern California property. Earlier known as the Radisson Blu Anaheim, The Viv was converted to a hotel with Marriott’s Tribute Portfolio. The hotel was built and is owned by BPM Real Estate Group. Currently, Crescent Hotels & Resorts has more than 100 properties across the U.S. and Canada.
Emaar Properties to fully acquire Dubai Creek Harbour: Emaar Properties, Dubai, U.A.E., has reached a deal with its joint venture partner and Dubai’s ruler Sheikh Mohammed bi Rashid Al Makhtoum’s investment vehicle, Dubai Holding, to buy out its stake in their Dubai Creek Harbour joint venture in a AED7.5 billion (US$2.04 billion) deal. The deal, which will see Dubai Holding becoming the second-largest shareholder in the developer, will be equally financed in Emaar shares and cash. Rothschild & Co. is the financial advisor to Dubai Holding on the deal. Dubai Creek Harbour is a residential, retail and commercial development spread across 6 square kilometers. Emaar recorded AED3.6 billion (US$98 million) in sales in Dubai Creek Harbour in the first half of 2020 and AED4.2 billion (US$114 million) in 2021.
Hyatt in San Diego sells: IQHQ, the San Diego, California-based life science real estate company, has acquired the Hyatt Regency La Jolla Aventine in San Diego, California, for over US$216 million. The 416-key downtown waterfront property is undergoing renovations. The sale of the hotel, earlier known as Manchester Pacific Gateway, closed earlier this month. The hotel’s sale is reportedly San Diego’s second largest hotel deal in five years, trailing the US$226.7 million sale of the 350-key Embassy Suites La Jolla. Previously, IQHQ acquired an adjoining office building on the Hyatt Regency site and is currently building the San Diego Research and Development District, a US$1.6 billion bayside life science complex in downtown San Diego. IQHQ has also acquired the Aventine Atrium building next to the Hyatt Regency La Jolla Aventine for about US$11 million.
Churchwick, Rockledge acquire in Davenport: David Kaye and Joe Listhaus of Rockledge along with Woodmere, New York-based Churchwick Partners have purchased the 122-key Woodspring Suites Davenport Quad Cities in Davenport, Iowa, from JD Royal Hospitality in an off-market deal. This marks the 12th extended stay hotel acquired by the collaborative group this year and their 11th state in the U.S. With this acquisition, the group’s portfolio comprises 1,600 keys, with a few more additions expected later this year.