gfi capital
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...
1
Technology
2
Appointments/People on the Move
3
Operations
4
Industry Happenings
5
All Things Independent
Today's News
Cloud5 Welcomes Telecoms Veteran Jerry Gore as Company CTO
Dusit International Appoints Makoto Yamashita as Pre-Opening General Manager of ASAI Kyoto Shijo and Area GM – Kyoto, Japan
Hospitality Industry Public Relations Leader David “Jerry” Daly Dies at 78
West Palm Beach Among Priciest Destinations in Florida, Survey Reveals
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.