PACIFIC HOSPITALITY GROUP ANNOUNCES THE ACQUISITION OF TWO NEW HOTELS BY MARRIOTT®

Properties in Arizona and California

 

IRVINE, Calif. (June 27, 2016) PHG Hotel Fund I, LLC, an affiliate of Pacific Hospitality Group (PHG), has announced the purchase of AC Hotel® Phoenix Tempe/Downtown in Tempe, Ariz. and AC Hotel® Irvine in Irvine, Calif. from Woodbine Development Corporation and USAA.

“We are excited to welcome AC Tempe as our company’s first hotel in the Phoenix area, and eager to unveil AC Irvine as a terrific addition to our existing significant presence in Orange County,” said Tim Busch, chief executive officer of Pacific Hospitality Group. “These two AC Hotels are on the cutting edge of new boutique hotel development and appeal to the next generation of business and leisure travelers who demand a discerning lifestyle experience.”

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