Double Tree Sacramento, owned by Hilton, was just sold to Brighton Management for $38.5 million.  The new owners will also be managing the hotel.  Their first step in becoming new owners, is to spend around $8 million on renovations.  According to general manager Brad Rogers, not much is needed vis-à-vis property enhancements, since maintenance and upgrades were taken care of very well by Westmont.

Another sale in the region was of Citizen Hotel.  According to some reports, this might have actually set a record for the “highest price paid per room in city history.”! So far the actual price for the hotel has not been revealed but records – that closed September 1 – have indicated it was $60 million. The buyer is said to be an investment firm based in the Beverly Hills area which is making the purchase from Cal West Partners (a limited partnership that is managed by Rubicon Partners Inc. of Sacramento).