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Article: The Procaccianti Group (TPG) Completes Acquisition of Marriott St. Louis West.
- Article from:
- PR Newswire
- Article date:
- March 2, 2007
CopyrightCOPYRIGHT 2007 PR Newswire Association LLC. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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Addition of TPG's 9th Marriott Full Service Asset Brings National Portfolio Total to 49
PROVIDENCE, R.I., March 2 /PRNewswire/ -- Cranston, Rhode Island-based real estate developer/hotelier, The Procaccianti Group (TPG), today announced the purchase of the Marriott St. Louis West. In a deal brokered by Jones Lang LaSalle, TPG purchased the hotel from Baur Properties for an undisclosed amount.
"The Marriott St. Louis West is a quality asset located in an area with built-in demand fueled by expansive corporate growth," said Greg Vickowski, Chief Financial Officer for The Procaccianti Group. "We intend to invest heavily in renovations and apply our ...