[New post] 199-Room Hotel in Phoenix Sells for $65Mln

Dan Moynihan posted: "Phoenix Business Journal Arbor Lodging Partners has paid $65 million, or $326,633/room, for the 199-room AC Hotel Phoenix Downtown. The Chicago investment and management company purchased the property from its developers, a venture of LaPour Partners," New post on Commercial Real Estate Direct 199-Room Hotel in Phoenix Sells for $65Mln by Dan Moynihan Phoenix Business Journal Arbor Lodging Partners has paid $65 million, or $326,633/room, for the 199-room AC Hotel Phoenix Downtown. The Chicago investment and management company purchased the property from its developers, a venture of LaPour Partners, NewcrestImage and Peachtree Hotel Group. NewGen Advisory brokered the deal. The hotel, at 414 North 5th St. in Phoenix, […] Read more of this post Dan Moynihan | August 31, 2021 at 11:00 am | Categories: General News, West | URL: https://wp.me/pcdE10-2ivZ Unsubscribe to no longer receive posts from Commercial Real Estate Direct. Change your email settings at Manage Subscriptions. Trouble clicking? Copy and paste this URL into your browser: https://crenews.com/2021/08/31/199-room-hotel-in-phoenix-sells-for-65mln/