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Global Hospitality Investment Group Acquires Doubletree Resort Scottsdale Paradise Valley

Jul 27, 2023•almost 2 years ago

Acquiring Company

Global Hospitality Investment Group

Acquired Company

Doubletree Resort

HotelReal EstateHospitality

Description

Global Hospitality Investment Group ("GHIG" or "the firm"), a hospitality-focused real estate private equity firm, today announced that it has acquired the Doubletree Resort Scottsdale Paradise Valley (the "Hotel"), an institutional quality, top-branded resort in Scottsdale, Arizona. The Hotel is located in Paradise Valley, a prime central location between the Kierland and Old Town Scottsdale areas, one of the highest growth, dynamic lodging and hospitality markets in the United States. Following the transaction, the Hotel will remain a Hilton flagged hotel.

Company Information

Company

Global Hospitality Investment Group

About

Global Hospitality Investment Group (GHIG) is a hospitality-focused real estate private equity firm, led and founded by Kevin Colket, with offices in Los Angeles, New York, London, and Hong Kong. GHIG's vertically integrated investment platform with in-house hospitality asset management and operations expertise, supported by an advisory board consisting of the market leaders across all relevant hospitality disciplines, allows them to create significant value over and above a typical real estate investor. GHIG's executives have invested over $5 billion of capital into hospitality focused equity and debt investments across the US, Europe, and Asia, consistently delivering attractive risk-adjusted returns to investors. For more information visit www.ghigroup.com. SOURCE Global Hospitality Investment Group

M&A Insights

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Integration timeline
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Tech stack consolidation
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Post-acquisition investment
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