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Holiday Inn Express in Springfield, Illinois |
�This is an important first step towards reaching our goal of doubling our portfolio within the next few years,� said Robert Leven, TPG executive vice president of acquisitions. �These acquisitions are the first of a number we expect to be completing in the next six to 12 months. �The Crowne Plaza Springfield is the premier meeting hotel not only in Springfield, but in all of Southern Illinois,� added Leven. �The Crowne Plaza recently was named �Illinois Hotel of the Year� by Illinois magazine, and has been named the best hotel in the entire Crowne Plaza system. The Crowne Plaza is representative of the level of asset quality that we will be targeting in our future acquisitions.� The Procaccianti Group (TPG) has long-standing affiliations with quality
hospitality brands that include Marriott, Hilton, Starwood, Radisson and
Six Continents. The company�s portfolio includes the 401-room Richmond
Marriott in Virginia, the 249-room Hilton Dedham Place in Massachusetts
and the 295-room Holiday Inn in downtown Providence, Rhode Island. Geographically,
the company�s properties range from New Hampshire to Florida and are located
as far west as Illinois.
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Chris Daly Ph: (703) 435-6293 |