Boutique Hotel in Arizona Sold to Private International Group
Thursday February 13th, 2014 - 5:05PM EG
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SEDONA, AZ—Chandler Hotel Group has announced the sale of the Kings Ransom Inn and Kings Ransom Hotel located here, 120 miles north of Phoenix.
The buyer is a private international group that has acquired multiple assets in the United States within in the past 18 months. Alex Rizk was the broker involved in all negotiations and aspects of the transaction.
The 146-unit boutique hotel sits on 8.8 acres in Sedona and includes a full service restaurant and courtyard gardens. The hotel will be fully renovated and managed by Chandler Hotel Group.
Tags: Chandler Hotel Group • Hospitality • Acquisitions • Construction/Renovation •
The theme of this year’s ALIS conference was “Don’t Worry, Be Happy.” But, lets face it, there are always going to be some people who aren’t happy unless they are worried about something—whether it’s the Fed potentially raising interest rates or that the price of oil is now too low, threatening to cripple the economies of some foreign nations.