Search
 

Prime Hospitality JV Buys Holiday Inn Select

QUEBEC CITY-A 50/50 partnership between Prime Hospitality Corp and United Capital closes on the acquisition of a 238-key hotel property in the city's Saint-Roch District, an area that has seen heavy investment activity over the last decade.

By Glen Thompson | Updated on January 15, 2003

QUEBEC CITY-Prime Hospitality Corp. and joint venture partner United Capital have completed their acquisition of the Holiday Inn Select Hotel here. The full-service property will be managed by Prime Hospitality.

Sale price of the recently renovated 238-room hotel has not been disclosed. The 18-story property, which was purchased in a 50/50 partnership, is located in the Saint-Roch District of Old Quebec City. Over the last decade, the area has seen more than $195 million in investments.

Want to continue reading?
Become a Free ALM Digital Reader.

Once you are an ALM digital member, you’ll receive:

  • Unlimited access to GlobeSt and other free ALM publications
  • Access to 15 years of GlobeSt archives
  • Your choice of GlobeSt digital newsletters and over 70 others from popular sister publications
  • 1 free article* every 30 days across the ALM subscription network
  • Exclusive discounts on ALM events and publications

*May exclude premium content
Already have an account?

NOT FOR REPRINT

© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.

GlobeSt

Join GlobeSt

Don't miss crucial news and insights you need to make informed commercial real estate decisions. Join GlobeSt.com now!

  • Free unlimited access to GlobeSt.com's trusted and independent team of experts who provide commercial real estate owners, investors, developers, brokers and finance professionals with comprehensive coverage, analysis and best practices necessary to innovate and build business.
  • Exclusive discounts on ALM and GlobeSt events.
  • Access to other award-winning ALM websites including ThinkAdvisor.com and Law.com.

Already have an account? Sign In Now
Join GlobeSt

Copyright © 2024 ALM Global, LLC. All Rights Reserved.