Acquisitions & Hotel Openings

Phoenix American Hospitality Acquires Seven Select-Service Hotels in $109M Transaction

DALLAS, TX. July 18, 2017 - Phoenix American Hospitality, a Dallas-based hotel fund manager, announces the $109M purchase of seven upscale select-service hotels in Arkansas, Louisiana and Florida.

This acquisition of one Hilton and six Marriott properties adds 778 rooms to the Phoenix American Hospitality portfolio. So far in 2017 Phoenix American Hospitality has purchased 13 properties totaling 1532 rooms in nine states. These acquisitions were purchased through a joint venture arrangement with Aspect Investment Partners Ltd.

The newly acquired properties include:

• TownePlace Suites by Marriott Fayetteville North/Springdale

• ALOFT Rogers-Bentonville

• Fairfield Inn & Suites by Marriott Jonesboro

• Courtyard by Marriott Baton Rouge

• Residence Inn by Marriott Baton Rouge

• TownePlace Suites by Marriott New Orleans Metairie

• Hampton Inn & Suites Fort Myers

“Each of these properties is a meaningful addition to our growing portfolio,” said Perch Nelson, President of Phoenix American Hospitality. “We anticipate a strong partnership and long-term success with each property”.

"We are constantly looking for value add opportunities across multiple sectors within the US Real Estate space, and this transaction falls right within our criteria” said Ahmed Farid, President of Aspect Investment Partners.

For more information, please visit www.phoenixamericanhospitality.com, call (214) 750-2967.  

Coming Up In The November Online Hotel Business Review




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Feature Focus
Architecture & Design: Authentic, Interactive and Immersive
If there is one dominant trend in the field of hotel architecture and design, it’s that travelers are demanding authentic, immersive and interactive experiences. This is especially true for Millennials but Baby Boomers are seeking out meaningful experiences as well. As a result, the development of immersive travel experiences - winery resorts, culinary resorts, resorts geared toward specific sports enthusiasts - will continue to expand. Another kind of immersive experience is an urban resort – one that provides all the elements you'd expect in a luxury resort, but urbanized. The urban resort hotel is designed as a staging area where the city itself provides all the amenities, and the hotel functions as a kind of sophisticated concierge service. Another trend is a re-thinking of the hotel lobby, which has evolved into an active social hub with flexible spaces for work and play, featuring cafe?s, bars, libraries, computer stations, game rooms, and more. The goal is to make this area as interactive as possible and to bring people together, making the space less of a traditional hotel lobby and more of a contemporary gathering place. This emphasis on the lobby has also had an associated effect on the size of hotel rooms – they are getting smaller. Since most activities are designed to take place in the lobby, there is less time spent in rooms which justifies their smaller design. Finally, the wellness and ecology movements are also having a major impact on design. The industry is actively adopting standards so that new structures are not only environmentally sustainable, but also promote optimum health and well- being for the travelers who will inhabit them. These are a few of the current trends in the fields of hotel architecture and design that will be examined in the November issue of the Hotel Business Review.