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Pacific Hospitality Purchases Two AC Hotels

Pacific Hospitality Purchases Two AC Hotels

IRVINE, Calif.—PHG Hotel Fund I, an affiliate of Pacific Hospitality Group, has announced the purchase of AC Hotel Phoenix Tempe/Downtown in Tempe, Ariz. and AC Hotel Irvine in Irvine, Calif. from Woodbine Development Corporation and USAA. “We are excited to ...

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Hawkeye Hotels Buys Hotel Modern

Hawkeye Hotels Buys Hotel Modern

NEW ORLEANS—The independent boutique hotel known as Hotel Modern has been sold to Hawkeye Hotels, a privately held hotel group headquartered in Iowa City, Iowa. Hawkeye Hotels purchased the property on Wednesday, June 22. “We are thrilled to have the ...

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NewcrestImage Purchases Hyatt Place in Grapevine, Texas

NewcrestImage Purchases Hyatt Place in Grapevine, Texas

NewcrestImage has expanded its portfolio with the purchase of the 125-room, 6-floor Hyatt Place hotel in the Dallas suburb of Grapevine, Texas, located just three miles from the DFW International Airport. This becomes the company’s fourth Hyatt Place, joining hotels ...

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Provenance Hotel Partners Buys Old No. 77 Hotel

Provenance Hotel Partners Buys Old No. 77 Hotel

NEW ORLEANS—Fresh off its initial raise and roll-up in December 2015, Provenance Hotels Partners Fund I (PHPF I) has announced its acquisition of the Old No. 77 Hotel & Chandlery in New Orleans. The seller was a partnership primarily comprised ...

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Sage Hospitality Acquires Holiday Inn Atlanta Perimeter

Sage Hospitality Acquires Holiday Inn Atlanta Perimeter

ATLANTA—Hunter Hotel Advisors announced today that they represented an institutional investor out of Los Angeles, in the sale of the Holiday Inn Atlanta Perimeter in Dunwoody, Ga. The hotel was purchased through a joint venture between Denver-based Sage Hospitality, a ...

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Simon Baron Development Acquires Stay on Main Hotel

Simon Baron Development Acquires Stay on Main Hotel

NEW YORK, N.Y.—Simon Baron Development (Simon Baron), a New York City developer and owner of commercial and residential real estate, has announced that they have expanded their footprint by acquiring the ground lease on the 600-room Stay on Main Hotel, ...

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