2 Investment Firms Buy Doubletree Hotel -- Prism Sells After Three Years; Will Remain As Manager of Downtown Property
The Commercial Appeal (2007-Current) › October 01, 2007
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Summary
Three years after buying, renovating and renaming the Doubletree Hotel, Prism Hotels & Resorts has sold it to a pair of investment firms.
Prism Hospitality will continue to manage the 280-room hotel at Union and Third for the buyers - Watermark Capital Partners of Chicago and W.P. Carey & Co., a giant New York commercial real estate investor.See the full content of this document
Extract
2 Investment Firms Buy Doubletree Hotel -- Prism Sells After Three Years; Will Remain As Manager of Downtown Property
Neither side would disclose the price. Prism paid $15 million for the then-Radisson Hotel in 2004, plowed $8...
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