Provenance Hotels Sells Minority Interest in the Woodlark Hotel to Majority Owner, NBP Capital

Provenance Hotels | June 14, 2022

PORTLAND, Ore.--Provenance Hotels (“Provenance”), an owner and operator of boutique hotels, today announced the strategic sale of its minority interests in the Woodlark Hotel (the “Woodlark” or the “Hotel”) to majority shareholder NBP Capital (“NBP”), a vertically integrated commercial real estate investment platform. In connection with the transaction, NBP has also acquired the management rights to the Hotel. Terms of the deal were not disclosed. The Woodlark Hotel is sophisticated 151-room hotel housed within two historic structures brought together as one in the heart of downtown Portland. The Woodlark utilizes Portland�...