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Seattle DJC.com local business news and data - Real Estate - Another wrinkle in Provenance Hotels deal

Seattle DJC.com local business news and data - Real Estate - Another wrinkle in Provenance Hotels deal
djc.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from djc.com Daily Mail and Mail on Sunday newspapers.

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Pyramid Global Hospitality Closes Acquisition of Provenance Hotels' Operating Division

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. ....

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Gencom, Corten form strategic venture with Provenance Hotels – REJournals

Gencom, Corten form strategic venture with Provenance Hotels – REJournals
rejournals.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from rejournals.com Daily Mail and Mail on Sunday newspapers.

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Gencom and Corten Real Estate Affiliates Close on Strategic Venture with Provenance Hotels

Gencom and Corten Real Estate Affiliates Close on Strategic Venture with Provenance Hotels
rew-online.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from rew-online.com Daily Mail and Mail on Sunday newspapers.

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Provenance Hotels and Gencom Affiliate Form GenPro

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. ....

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