ace hotel & swim club palm springs
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...
Appointments/People on the Move
All Things Independent
More Than Half of the Global Markets Post RevPAR Growth of More Than 20% Versus 2019
Profiting From the Convergence of Wellness and Aging Populations
Pebblebrook Hotel Trust Completes Sale of The Hotel Colonnade Coral Gables, Autograph Collection
7 Restaurant Technology Trends to Watch in 2023
As the first news aggregate for the hotel industry, Hotel-Online is the industry’s must-read daily news source for everything hotel curated for busy professionals. Sign up today for industry news delivered to your inbox.