joint venture partnership
Marcus® Hotels & Resorts Forms Joint Venture With Searchlight Capital Partners to Grow Portfolio of Co-Owned Hotels
Marcus Hotels & Resorts | December 20, 2021
MILWAUKEE - December 20, 2021 - Marcus® Hotels & Resorts, a nationally recognized owner and management company and division of The Marcus Corporation (NYSE: MCS), today announced that it has formed a joint venture with funds managed by Searchlight Capital Partners, a leading global private investment firm, to co-invest in lifestyle hotels, resorts and high-quality full-service properties. Through this joint venture, Marcus Hotels & Resorts and Searchlight Capital Partners announced the acquisition of the Kimpton Hotel Monaco Pittsburgh, which Marcus Hotels & Resorts will manage, effective December 16, 2021. The hotel will rem...
Barings and Hines Acquire Reed District Site in Nashville, Tennessee
Hines | November 5, 2021
CHARLOTTE, N.C. and HOUSTON – November 5, 2021 – Barings, one of the world's leading investment managers, and Hines, the international real estate firm, announced they have formed a joint venture partnership to acquire the Reed District site in Nashville for the future development of a 2.7-million-square foot multi-phased mixed-use project. Reed District represents a distinctive investment opportunity to transform a 12-acre gateway site in Midtown Nashville into a locally focused, mixed-use destination with music, art, food and entertainment-oriented uses. The project will draw from the historic character of the approximately 100-yea...
