Author: chlwalker53371
JRK Acquires Palm Springs, CA Hotel out of its $350 Million Hospitality Fund
JRK, after closing on this property, still has more than 80% of its Hospitality Fund uninvested and aims to deploy the remainder of the fund by the end of 2023. JRK Acquires Ace Hotel Swim Club, Palm Springs, Ca LOS ANGELES – Oct. 20, 2022 – PRLog — JRK Property Holding has acquired the 179-room Ace Hotel & Swim Club Palm Springs in Palm Springs, CA from an affiliate of GFI Capital. JRK acquired the resort through its $350 million Hospitality Fund, which focuses on cash-flowing full- and select-service hotels for value-add and core-plus investments across the country. It targets ... Read more