Saturday, 11 August 2018
USA: Hotel Acquisitions
Ocotillo Hospitality Buys Arizona’s Holiday Inn Ocotillo
HREC Investment Advisors has arranged the sale of the 106-room Holiday Inn Ocotillo located in Chandler, AZ. Ocotillo Hospitality acquired the property.
HREC exclusively represented the buyer during the transaction. The sale was negotiated by Bill Murney, managing director in HREC’s Phoenix office.
Neema Hospitality Acquires Two Pittsburgh Properties
Neema Hospitality has purchased the 75-room Fairfield Inn & Suites in Slippery Rock, PA and the 90-room Holiday Inn Express & Suites hotel in Canonsburg, PA.
The purchase of the two assets over the last few months increases the hotel ownership and management company’s portfolio to 11 hotels across Pennsylvania, Maryland, and West Virginia.
Silverwest Hotels Acquires Homewood Suites Denver Tech Center Hotel
Silverwest Hotels has acquired the Homewood Suites by Hilton Denver Tech Center hotel in Englewood, CO.
The property is the 10th acquisition by the investment and management company since its founding in 2013 and the company’s fifth Hilton-affiliated hotel.
In 2019, Silverwest will implement a renovation of the Homewood DTC hotel to bring it current with the needs of the latest Hilton standards.
Silverwest Hotels, LLC (“Silverwest”), is an investment and management company formed in 2014 by experienced hotel and resort executives Edward Mace and Charles Peck.
Silverwest currently owns and manages a growing number of hotels and developments in destinations such as Colorado, Texas, Iowa and Hawaii.
The company is a joint venture that brings Silverwest Hotel Partners LLC together with the institutional management platforms and expertise of Platform Ventures, LLC and an affiliate of Global Endowment Management.
Platform Ventures, LLC, based in Kansas City, is a firm that, through certain asset management subsidiaries, manages and invests in real estate, real estate-related assets, real estate technologies and real estate-focused companies located throughout the United States.
Global Endowment, based in Charlotte, NC, is an independent investment manager offering an endowment-style investment program to institutional investors, family offices, individuals and other sophisticated investors.
Please note, nothing herein constitutes a solicitation to invest in any products managed by Silverwest Hotels LLC, Platform Ventures, LLC or Global Endowment Management LLC.
Silverwest has acquired various hotels and is engaged in developments across several Colorado destinations, Hawaii’s Big Island, West Des Moines, Iowa and San Antonio, Texas.
In December 2015, Silverwest Hotels completed construction and opened two new Colorado hotels, Element by Westin in Basalt/Aspen and Hampton Inn & Suites in Silverthorne.
Its third new development hotel, the Element West Des Moines, opened in June 2017.
OCOTILLO HOSPITALITY, L.L.C.
15 August 2014 (almost 4 years ago)
7502 E PINNACLE PEAK RD
SCOTTSDALE, AZ 85255
GARY A DRUMMOND ESQ
1430 E MISSOURI AVE STE B125 PHOENIX, AZ 85014
Directors / Officers
AUSTEN A BIERL, manager, 15 Aug 2014-
FAIRWAY 2 INVESTMENTS LLC, member, 15 Aug 2014-
GARY A DRUMMOND ESQ, agent
KEVIN A BIERL, manager, 15 Aug 2014-
Neema Hospitality Management Inc
Sector: Consumer Discretionary
Industry: Gaming, Lodging & Restaurants
Neema Hospitality Management Inc was founded in 2009. The company's line of business includes the operation of non-classifiable establishments.
1012 Wesley Dr
Mechanicsburg, PA 17055