Paceline equity partners
Highline Hospitality Partners Announces Joint Venture Acquisition of the Home2 Suites by Hilton Long Island City
Highline Hospitality Partners | July 31, 2023
Hospitality investment firm adds 115-room all-suite property to its portfolio NEW YORK (July 31, 2023) – Highline Hospitality Partners (HHP), the hospitality investment platform launched by Highline Real Estate Partners (HREP), has acquired the Home2 Suites by Hilton Long Island City in a joint venture with an affiliate of Paceline Equity Partners, LLC, a Dallas-based private equity manager. The extended-stay and 115-room all-suite hotel, which is HHP’s tenth property, is located at the core of Long Island City, only a block away from a stop on New York’s extensive subway system which provides direct access to Midtown Manhattan in les...
Affiliates of Paceline Equity Partners Acquire Extended Stay Home2 Suites by Hilton New York Long Island City
Paceline Equity Partners | July 24, 2023
DALLAS--July 24, 2023 - Affiliates of Paceline Equity Partners, LLC (“Paceline”), a Dallas-based private equity manager, today announced that they have acquired the Home2 Suites by Hilton New York Long Island City, an extended stay, all-suite hotel located in Long Island City, New York. This recently renovated hotel is one of only three Hilton-branded extended stay properties in New York City and is viewed as an urban flagship-type asset by the brand. The acquisition represents Paceline’s second strategic partnership with Highline Hospitality Partners, following Paceline’s acquisition of the Sheraton Suites Atlanta Galleria, which was...
Affiliates of Paceline Equity Partners Acquire Full-Service Delta Hotel Virginia Beach Bayfront Suites
Paceline Equity | June 15, 2022
DALLAS--Affiliates of Paceline Equity Partners, LLC (“Paceline”), a Dallas-based private equity manager, today announced that they have acquired the Delta Hotel Virginia Beach Bayfront Suites, a full-service, all-suite hotel located on the northern coast of Virginia Beach, VA. The property is located less than 10 miles from the heart of Virginia Beach and Atlantic Ave. The acquisition will be Paceline’s second strategic partnership with BlackPearl Capital, a group with significant hospitality investing and operating experience. The Delta Hotel Virginia Beach Bayfront Suites was built in 1986 and most recently underwent a comprehensiv...
Highline Hospitality Partners Acquires Sheraton Suites Galleria-Atlanta in JV With Paceline Equity Partners
Highline Hospitality Partners | June 15, 2022
ATLANTA, GA (June 15, 2022) – Highline Hospitality Partners (HHP), the hospitality investment platform launched by Highline Real Estate Partners (HREP), has acquired the Sheraton Suites Galleria-Atlanta in a joint venture with an affiliate of Paceline Equity Partners, LLC, a Dallas-based private equity manager. The full-service and 278-room all-suite hotel, which is HHP’s sixth property, is located in a highly active corridor just 20 minutes from downtown Atlanta. The joint venture will be Highline Hospitality Partners’ first strategic investment with Paceline. Highline Hospitality Partners' team has more than 60 years of combined expe...
Affiliates of Paceline Equity Partners Acquire Full-Service Sheraton Suites Hotel in Atlanta
Paceline Equity Partners | June 1, 2022
DALLAS--Affiliates of Paceline Equity Partners, LLC (“Paceline”), a Dallas-based private equity manager, today announced that they have acquired The Sheraton Suites Galleria-Atlanta, a full-service hotel located in a highly active corridor near the intersection of I-285 and I-75, 20 minutes from downtown Atlanta. The property is located less than one-half mile from The Battery, a mixed-use development anchored by Truist Park, home of the Atlanta Braves. Paceline acquired the hotel in an off-market transaction with the prior owner. The acquisition will be Paceline’s first strategic partnership with Highline Hospitality Partners, a group ...
Affiliates of Paceline Equity Partners Acquire Full-Service Marriott Hotel in Quincy, Massachusetts
Paceline Equity Partners | March 9, 2022
DALLAS, TX - March 9, 2022 - Affiliates of Paceline Equity Partners, LLC (“Paceline”), a Dallas-based private equity manager, today announced that they have acquired a full-service hotel in Quincy, Massachusetts. The Marriott Boston Quincy is set in a highly visible corridor along Route 128 at the intersection of I-93 and Route 3 and is less than 20 minutes from downtown Boston. Paceline acquired the hotel in an off-market transaction from the prior lender. The acquisition will be Paceline’s first strategic partnership with BlackPearl Capital, a group with extensive hospitality investing and operator experience. The Marriott Boston ...
Affiliates of Paceline Equity Partners Acquire Two Hotels in Charlotte, North Carolina
Paceline Equity Partners | September 28, 2021
DALLAS, TX - September 28, 2021 - Affiliates of Paceline Equity Partners, LLC (“Paceline”), a Dallas-based private equity manager, today announced that they have acquired two limited-service hotels in the Charlotte Metro Area, the Holiday Inn Express & Suites Charlotte Ballantyne and the TownePlace Suites Charlotte Fort Mill. The Holiday Inn Express & Suites Charlotte Ballantyne hotel was built in 2019 and is a 123-room limited-service hotel with amenities including an outdoor pool, meeting space and fitness center. Located in the Ballantyne area of Charlotte, North Carolina, the hotel is conveniently situated along Route 521 o...
Paceline Affiliate Acquires 247-Room Sheraton Boston Needham Hotel
THE SHERATON BOSTON NEEDHAM HOTEL | June 16, 2021
DALLAS - June 16, 2021 - Sheraton Boston Needham Hotel, a 247-room full-service hotel located in Needham, Massachusetts on the I-95 Corridor today announced that Providence-based StepStone Hospitality was appointed as property manager. The appointment of StepStone Hospitality, a best in class hotel management company, follows the acquisition of the Sheraton by an affiliate of Paceline Equity Partners, LLC ("Paceline"), a Dallas-based private equity manager. The hotel reopened in May and is poised to re-emerge as a sought-after destination for corporate, social, education, and sporting groups, as well as business and leisure travelers....
