Boutique Hotel in Arizona Sold to Private International Group
Thursday February 13th, 2014 - 5:05PM EG
| | | | | | | | | | |
These are shortcuts to your favorite social networking and bookmark sites. Add this story to your Facebook page, del.icio.us, DiggIt, and many others!
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 •
When you hear all the lodging industry projections for the months and years to come, much of the robust growth is forecast to be the result of the expected influx of travelers from China. In what could only be seen as good news for the industry, that expectation moved a little closer to reality when President Obama signed a visa waiver extension for Chinese travelers earlier this month.