• Arbor Lodging Partners Acquires $135 Million Portfolio

     
    POSTED April 22, 2019
     
  • Arbor Lodging Partners Acquires $135 Million Portfolio

     
    POSTED April 22, 2019
     
  • Arbor Lodging Partners Acquires $135 Million Portfolio

     
    POSTED April 22, 2019
     

Arbor Lodging Partners, Chicago-based hotel investment and management company, announced its $135 million acquisition of Hampton Inn Santa Barbara/Goleta, Hampton Inn Boston-Norwood, Hampton Inn & Suites Minneapolis/Bloomington, Hyatt Place Dallas/Arlington, Springhill Suites Minneapolis/Bloomington and Residence Inn Salt Lake City Downtown.

Expanding its portfolio to 25 full-service hotels, Arbor Lodging Partners decided to acquire these properties because of the strong, diverse markets and brands, as well as the opportunity to create value through targeted capital expenditures and operational enhancements, says Vamsi Bonthala, CEO of Arbor Lodging Partners.

"It allows us to expand in five key markets, providing an attractive investment opportunity as well as new growth opportunities for Arbor associates," Bonthala says. "We hope to grow further in these markets with additional acquisitions in the future."

Bonthala says their goal is to improve product quality and the guest experience of each property based on each individual property's needs. Though the investment and operational strategy for each property is different, Bonthala says the common mission for them all is to operate consistent with their guiding principles while supporting Arbor associates and taking care of all guests.

Piazza della Famiglia, a new outdoor event venue, joins San Diego’s Little Italy with a grand 10,000-square-foot European-style piazza. The Italian-inspired venue spans one city block and is sure to charm with its views of the San Diego Bay and 25-foot tiled fountain with up-lighting.

 

EduCon’s provocative program gathered almost 1,000 business events professionals from more than 15 countries for the 2019 PCMA EduCon at the JW Marriott Los Angeles L.A. Live. Hundreds more joined the live stream to make a difference, gain valuable insights and hear from constructive speakers.

 

MPI Minnesota celebrated its 40th anniversary on May 17th at the newly remodeled Treasure Island Resort and Casino. The event kicked off with a volunteer appreciation cruise on the Mississippi, thanking those that have served on committees or the board for the past 40 years. The awards gala followed at the Treasure Island Resort event center.