A review of the year’s biggest hotel deals Article originally posted on CoStar on January 5, 2026 After a somewhat slower start to the year, the U.S. hotel industry saw several high-priced deals close in the last half of 2025, many of which were in or near the final months. Many potential buyers this year were waiting for further clarity after a great deal of economic uncertainty clouded what had been an optimistic start in January. See the slideshow below highlighting some of the biggest individual hotel deals in the U.S. in 2025 followed by a list of other big and noteworthy deals. Noteworthy U.S. hotel deals JW Marriott Phoenix Desert Ridge Resort & Spa Price: $865 million Price per square foot: $854.38 Where: Phoenix, Arizona Rooms: 950 Buyer: Ryman Hospitality Partners Seller: Trinity Investments and Elliott Management Corp. Takeaway: The transaction included the JW Marriott Phoenix Desert Ridge Resort & Spa along with two golf courses at the Wildfire Golf Club. Magna Hospitality Group sales Price: $489.8 million Price per key: $433,835 Where: New York City Rooms: 1,129 Owner: Magna Hospitality Group Takeaway: Magna Hospitality sold a portfolio of four hotels: the 196-key Hilton Garden Inn New York Times Square North; the 374-key Motto by Hilton New York City Chelsea; the DoubleTree by Hilton New York Times Square South; and the Fairfield Inn & Suites New York Midtown Manhattan Penn Station. It was structured as a sale between Magna Hotel Fund VI and a group of unidentified large institutional owners along with a separate Manga fund that will maintain partial ownership of the portfolio. PGA National Resort & Golf Courses Price: $422.5 million Price per square foot: $1,004.37 Where: Palm Beach Gardens, Florida Rooms: 360 Buyer: Henderson Park, South Street Partners and Salamander Hospitality Seller: Brookfield Hotel Properties Takeaway: The deal included the PGA National Resort along with six surrounding golf courses with 99 holes of championship golf across about 807 acres. The price for the PGA National Resort itself was $171.4 million. Park Hotels & Resorts’ San Francisco hotels Price: $367.2 million Price per key: $124,669 Where: San Francisco Rooms: 2,945 Buyer: Conversant Capital and Newbond Holdings Seller: Park Hotels & Resorts Takeaway: In June 2023, Park Hotels & Resorts stopped making payments on the $725 million debt it held for the Parc 55 San Francisco and Hilton San Francisco Union Square, and the properties entered receivership in November 2023. This sale marks the closing of the two-year-long saga. Sunseeker Resort & Golf Course Price: $200 million Price per square foot: $320.02 Where: Port Charlotte, Florida Size: 624,960 square feet Buyer: BRE Hotels & Resorts Seller: Allegiant Takeaway: BRE Hotels & Resorts bought the 785-key Sunseeker Resort Charlotte Harbor, now the Sunseeker Resort Florida Gulf Coast, Curio Collection by Hilton, and the accompanying Aileron Golf Club from airline company Allegiant. Ritz-Carlton New Orleans and Courtyard New Orleans French Quarter Price: $195 million Price per key: $257,256 Where: New Orleans Rooms: 758 Buyer: Gencom Seller: Quorum Hotels & Resorts Takeaway: Gencom bought the recently renovated interconnected 528-key Ritz-Carlton and 230-key Courtyard French Quarter in New Orleans. Sawgrass Marriott Golf Resort & Spa Price: $147.3 million Price per key: $286,571 Where: Ponte Vedra Beach, Florida Rooms: 514 Buyer: South Street Partners and Dream Finders Seller: Brookfield Hotel Properties Takeaway: The property sale included the Sawgrass Marriott Golf Resort & Spa as well as a restaurant. Wildwood Snowmass and Viewline Resort Snowmass Autograph Collection Price: $144 million Price per key: $355,548 Where: Snowmass Village, Colorado Rooms: 405 Buyer: Elevated Returns Seller: High Street Real Estate Partners Takeaway: Hodges Ward Elliot represented High Street Real Estate Partners in its sale of the 151-key Wildwood Snowmass and 254-key Viewline Resort Snowmass Autograph Collection.