PHG adds 13 properties Year to Date 2013

October 7, 2013

Pyramid Hotel Group Improves Full-Service and Select-Service Hotel Management Portfolios with Acquisitions and $50 Million-Plus in Property Improvements.

The Daily Lodging Report for 10/7/13 – Presented by HVS and Gaming USA Corp. – Alan R. Woinski, Editor

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Pyramid Hotel Group announced it has added 13 hotels, a combination of full and select service properties, to its portfolio through the continental US through the first 9 months of 2013.   Pyramid said they are continuing their robust project management project work with more than $50 million in renovations/upgrades completed or underway this year.   The nine, full service properties add more than 2,690 rooms to Pyramid’s management portfolio.  The hotels are owned by five separate investment groups and spread across new and old markets for the company.  Pyramid said they expect to see more large hotels changing hands as the hotel economy continues to improve and financing becomes more readily available.   They believe there is pent up demand by a number of institutional investors to acquire major assets in this phase of the cycle.  Pyramid also added four select service hotels totaling 590 rooms throughout the US since the beginning of 2013.   Three of the properties are an expansion of an ongoing relationship with one of their portfolio investors.  The fourth is proximate to Fenway Park, home of the Boston Red Sox.

 

Pyramid expands management portfolio

Hotel Management

Pyramid Hotel Group added thirteen hotels, a combination of full- and select-service properties, to its portfolio throughout the continental United States through the first nine months of 2013.

 

Pyramid Hotel Group Adds 13 Hotels in 2013

Hotel Business

BOSTON-Pyramid Hotel Group has added 13 full-service and select-service hotels to its management portfolio in the first nine months of 2013. In addition, more than $50 million in renovations have been completed or are underway.

 

Pyramid Hotel Group Improves FullService and SelectService Hote

Hotel Interactive

Officials of Pyramid Hotel Group one of the nations largest … Pyramid Hotel Group Improves Full-Service and Select-Service Hotel Management Portfolios with Acquisitions and $50 Million-Plus in Property Improvements … it has added thirteen hotels, a combination of full- and select-service properties, to its  …

 

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Yahoo Finance

Officials of Pyramid Hotel Group, one of the nation’s … a combination of full- and select-service properties, to its portfolio … Pyramid Hotel Group Improves Full-Service and Select-Service Hotel Management Portfolios with Acquisitions and $50 Million-Plus in Property Improvements  …

 

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One Page News

Pyramid Hotel Group Improves Full-Service and Select-Service Hotel Management Portfolios with Acquisitions BOSTON–(BUSINESS  …

 

Pyramid Hotel Group Improves Full-Service and Select-Service …

World News

Pyramid Hotel Group Improves Full-Service and Select-Service Hotel Management Portfolios with Acquisitions and $50 Million-Plus in Property Improvements. …


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