Hyatt Place Phoenix North
OCEAN CITY, MD—Locally-based Real Hospitality Group and partner Aspect Investment Partner Ltd of Dubai have purchased a total of four hotels in Nashville, Phoenix and Denver.
The four hotels that were traded include the Hilton Garden Inn and the Hampton Inn in Nashville Smyrna, TN the Hyatt Place Phoenix North and the Aloft Broomfield Denver. No financial terms of the transaction were released.
The portfolio consists of 461 rooms and will be managed by RHG. With the acquisition of the portfolio, Real Hospitality Group increases its portfolio of owned and managed assets to 105 hotels in 16 states.
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John Jordan
John Jordan is a veteran journalist with 36 years of print and digital media experience.
