R.A. Rauch & Associates and PacVentures Expand Arizona Presence with Acquisition of Two Hotels

Following the recent opening of the Radisson Hotel Phoenix North, new hotels make a total of three Arizona properties for the San Diego-based hospitality management and consulting firm

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. March 16, 2015

PHOENIX, AZ - March 16, 2015 - In partnership with PacVentures, San Diego hospitality management and consulting firm R.A. Rauch & Associates acquired two Arizona hotel properties in February 2015. Combined with the January opening of its reflagged Radisson Hotel Phoenix North, R.A. Rauch & Associates' purchase of the Quality Inn & Suites Tucson Airport North and the Country Inn & Suites Deer Valley is quickly solidifying the firm's status as a go-to for hotel expertise in the southwest region.

"I started my hospitality education and career in Arizona, so to me, it's like coming home again," says Robert Rauch, President & Founder of R.A. Rauch & Associates. "I've always maintained ties to the state through my Faculty Associate position at Arizona State University, and have been eager to ingrain my firm in the hospitality industry there. Arizona is increasingly strong in that vertical, and we look forward to contributing to further growth."

"This hotel investment is an exciting first for us," comments PacVentures CEO, Andrew Kaplan. "With a number of commercial and business properties already owned in Arizona, we feel we are well-positioned and prepared to move into the hospitality space with an excellent operator like R.A. Rauch & Associates."

PacVentures, a commercial real estate investment firm also headquartered in San Diego, and R.A. Rauch & Associates will renovate both hotels beginning in May 2015. Still operational over the one-year construction project, the properties will undergo interior and exterior updates including new artwork, fresh paint and carpeting and tile repair.

Located less than three miles from Tucson International Airport, the 170-room Quality Inn & Suites offers convenient access to top local sights and attractions, such as the Arizona-Sonora Desert Museum and Saguaro National Park. The 126-room Country Inn & Suites in the North Phoenix town of Deer Valley is located close to key corporate headquarters of companies including Cox Communications, American Express and PetSmart, as well as the Phoenix Sky Harbor International Airport. Its nearby neighbor, the Radisson Hotel Phoenix North, also provides a perfect base camp for business and leisure travel, with all-new amenities ranging from a state-of-the-art fitness center, pool and onsite restaurant and the same ideal proximity to corporate destinations.

To learn more about R.A. Rauch's properties and capabilities, visit RARHospitality.com.

About R.A Rauch & Associates

R.A. Rauch & Associates is a full-spectrum hotel and hospitality management and consulting firm based in San Diego, Calif. Celebrating twenty-five years of experience delivering expert services and oversight to hoteliers, developers and hospitality finance professionals, R.A. Rauch & Associates is one of the industry's most trusted and respected names. Founded by Bob Rauch, the "Hotel Guru," the firm partners with upscale boutique, branded and independent hotels including The Keating Hotel, El Cordova Hotel and The Lafayette Hotel. For more information, visit RARHospitality.com.

About PacVentures

PacVentures, Inc. is a commercial real estate investment firm based in San Diego, California, specializing in the acquisition and development of industrial, retail, and office properties located in the Southwestern United States. Privately owned, PacVentures focuses on value enhancing opportunities with significant principal involvement. "Our extensive knowledge and experience allows us to quickly identify and decisively act upon acquisition, leasing, development, and disposition opportunities," says Kevin Wechter, President of PacVentures. PacVentures' management team has realized considerable success, over several real estate cycles, having invested as principals in more than 73 commercial properties, including more than 850,000 square feet of office space, 990,000 square feet of retail space, 715,000 square feet of industrial space, and several multifamily properties, hotels, and secured promissory notes. The acquired properties have spanned the Southern California region, as well as various cities in Texas, Arizona, Utah, Nevada, and Oklahoma.