jrk property holdings
JRK Property Holdings Acquires Hyatt Branded Hotel Portfolio in San Juan, Puerto Rico From PRISA Group
JRK Property Holdings | January 12, 2024
Los Angeles, CA (January 12, 2024) – JRK Property Holdings, through its $350 million hospitality fund, has acquired a two-property, 275-key Hyatt-branded hotel portfolio in San Juan, Puerto Rico from the PRISA Group for an undisclosed price. The portfolio comprises two premium select-service hotels located within the Puerto Rico Convention District: the 149-room Hyatt Place San Juan and 126-room Hyatt House San Juan. Developed by the seller within the past eight years, both properties have been recently renovated including lobby refresh, updated F&B outlets, and guestroom and corridor improvements. Both properties were designed t...
JRK Property Holdings Acquires 179-Room Ace Hotel & Swim Club Palm Springs
JRK Property | October 20, 2022
Los Angeles (October 20, 2022)— JRK Property Holding has acquired the 179-room Ace Hotel & Swim Club Palm Springs in Palm Springs, CA from an affiliate of GFI Capital. JRK acquired the resort through its $350 million Hospitality Fund, which focuses on cash-flowing full- and select-service hotels for value-add and core-plus investments across the country. It targets transactions of $20 million to $250 million, but can acquire up to $1 billion for portfolios or large single assets. The Ace Hotel, which opened in 2009, is comprised of seven buildings across a 5.04-acre campus, including three food and beverage venues, a spa and 7,500...
JRK Property Holdings Selects Davidson Hotels & Resorts to Manage Sheraton Grand Nashville Downtown
Davidson Hotels & Resorts | December 12, 2019
ATLANTA, Dec. 12, 2019- Davidson Hotels & Resorts, one of the nation's leading full-service hospitality management companies, has been selected by JRK Property Holdings to operate Sheraton Grand Nashville Downtown. Centrally located in the heart of Music City, the 482-room property is the second in Nashville under Davidsonmanagement. "We are thrilled to welcome Sheraton Grand Nashville Downtown to the Davidson family as the fifth Sheraton branded hotel in our premier portfolio," said Davidson Hotels & Resorts President Thom Geshay. "Through our hands-on approach, deep brand familiarity and extensive Nashville experience dating bac...
