Phoenix American Hospitality Acquires Seven Select-Service Hotels in $109M Transaction

Phoenix American Hospitality | July 17, 2017

DALLAS (July 17, 2017) - Phoenix American Hospitality, a Dallas-based hotel fund manager, announces the $109M purchase of seven upscale select-service hotels in Arkansas, Louisiana and Florida. This acquisition of one Hilton and six Marriott properties adds 778 rooms to the Phoenix American Hospitality portfolio. So far in 2017 Phoenix American Hospitality has purchased 13 properties totaling 1532 rooms in nine states. These acquisitions were purchased through a joint venture arrangement with Aspect Investment Partners Ltd. The newly acquired properties include: TownePlace Suites by Marriott Fayetteville North/Springdale ALOFT Rogers...