Gencom & Corten Close Venture With Provenance Hotels to Acquire Eight-Hotel Portfolio
Gencom | December 20, 2022
MIAMI, FL, WILMINGTON, DE and PORTLAND, OR – December 20, 2022 – Affiliates of Gencom, an international owner and developer of hospitality and residential properties, and Corten, a Mid-Atlantic based private real estate investment fund manager, today announced the closing of a strategic venture with Provenance Hotels, an independent owner of boutique hotels. Under the venture, a Gencom-led partnership has acquired a 50 percent ownership stake in eight hotels across the United States, expanding the Miami-based firm’s portfolio by more than 1,400 rooms and suites. In a related transaction, Gencom affiliate Pyramid Global Hospitality,...
Pyramid Global Hospitality Closes Acquisition of Provenance Hotels’ Operating Division
Pyramid Global Hospitality | December 19, 2022
Acquisition Adds 12 Independent Hotels to Pyramid’s Portfolio of Managed Properties BOSTON, MA and PORTLAND, OR Dec. 19, 2022—Pyramid Global Hospitality today announced the company has closed the acquisition of the operating division of Provenance Hotels, an independent owner of boutique hotels. The transaction adds 12 full-service, independent hotels to Pyramid’s national network of managed properties. In a related transaction, Gencom, an international owner and developer of hospitality and residential properties, acquired a 50% ownership stake in eight Provenance hotels. “The addition of the Provenance portfolio places Pyramid...
Provenance Hotels Sells Minority Interest in the Woodlark Hotel to Majority Owner, NBP Capital
Provenance Hotels | June 14, 2022
PORTLAND, Ore.--Provenance Hotels (“Provenance”), an owner and operator of boutique hotels, today announced the strategic sale of its minority interests in the Woodlark Hotel (the “Woodlark” or the “Hotel”) to majority shareholder NBP Capital (“NBP”), a vertically integrated commercial real estate investment platform. In connection with the transaction, NBP has also acquired the management rights to the Hotel. Terms of the deal were not disclosed. The Woodlark Hotel is sophisticated 151-room hotel housed within two historic structures brought together as one in the heart of downtown Portland. The Woodlark utilizes Portland�...
Provenance Hotels Appoints Brent Pope as General Manager of The Bradley
Provenance | June 7, 2022
FORT WAYNE, IN (JUNE 2022) – Portland-based hotel owner and operator, Provenance Hotels is pleased to announce the appointment of Brent Pope as General Manager of The Bradley. As a Fort Wayne native, Pope returns to his hometown to oversee all operations of the newly opened boutique hotel. Recently debuted in July 2021, The Bradley is a collaborative vision of Provenance Hotels and Barbara Bradley Baekgaard, co-founder of the iconic global lifestyle brand, Vera Bradley. The 124-room hotel serves as the city’s epicenter of entertaining and hospitality with distinct offerings and amenities such as Birdie’s its lively rooftop bar...
Provenance Hotels and Gencom Affiliate Form GenPro
Provenance Hotels | April 25, 2022
PORTLAND, Ore. and MIAMI--Provenance Hotels (Provenance) and affiliates of Gencom, a leading domestic and international investment and development firm, today announced the formation of a special purpose hospitality venture, GenPro. As part of the venture, Provenance will contribute various hotels it owns throughout the United States, along with cash, and the Gencom affiliate will contribute cash. Jointly led by Provenance’s Founder and Chairman, Gordon Sondland, and Gencom Founder, Karim Alibhai, the venture will seek to expand through future acquisitions and/or redevelopment opportunities. GenPro’s hotel assets will be managed by B...
Benchmark Pyramid to Acquire Portland-Based Provenance Hotels
Benchmark Pyramid | April 18, 2022
BOSTON, THE WOODLANDS, TX and PORTLAND, OR – April 18, 2022 – Benchmark Pyramid and Provenance Hotels (Provenance) today announced the signing of a definitive agreement under which Benchmark Pyramid will acquire Portland, Oregon-based Provenance, adding 12 unique hotels to Benchmark Pyramid’s portfolio of more than 240 properties across the U.S., Europe and the Caribbean. Terms of the transaction were not disclosed. “We couldn’t be more thrilled to welcome the Provenance family into Benchmark Pyramid’s storied portfolio,” said Warren Fields, Benchmark Pyramid’s chief executive officer. “The decades of highly s...
Introducing Curator Hotel & Resort Collection From Pebblebrook Hotel Trust and Six Industry-Leading Hotel Operators
Curator Hotel & Resort Collection | November 17, 2020
BETHESDA, Md.--November 17, 2020-- Pebblebrook Hotel Trust (NYSE: PEB) and six industry-leading hotel operators today jointly announced the launch of Curator Hotel & Resort Collection, a hand-selected collection of small brands and independent lifestyle hotels and resorts worldwide. Curator's distinct owner-centric platform offers an alternative for independent lifestyle hotels looking to strengthen their performance, providing them with best-in-class agreements, services, and technology, while allowing them to retain their unique identity. Created by owners and operators, Curator gives its members the power to compete together on their o...
Provenance Hotels Chairman & CEO Katherine Durant Will Assume Role of President Upon Departure of Bashar Wali
Provenance Hotels | April 17, 2020
PORTLAND, Ore.-Provenance Hotels today announced that President Bashar Wali has decided to depart from his position with the Company, effective May 29, 2020. Upon his departure, current Chairman & CEO, Katherine Durant, will assume the role of President, and Founder Gordon Sondland will assume the role of Chairman. Wali will remain involved with Provenance as a Senior Advisor to the Company and in his capacity as a shareholder. “Bashar has been a valued member of our team for nearly 15 years, and we thank him for the dedication and ingenuity he has brought to Provenance during his tenure,” said Sondland. “While we are sad to see ...
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