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Article: The Procaccianti Group Acquires Two Manhattan Hotels.
- Article from:
- PR Newswire
- Article date:
- September 19, 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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Hires Former Helmsley Enterprises Executive to Oversee Operations of Tudor Hotel at the United Nations and the Holiday Inn SoHo
PROVIDENCE, R.I., Sept. 19 /PRNewswire/ -- Rhode Island-based real estate developer/hotelier, The Procaccianti Group, today announced the acquisition of two (2) New York City hotels; the 300-room Tudor Hotel at The United Nations and the 227-room Holiday Inn SoHo. The Procaccianti Group also announced the appointment of former Helmsley Enterprises Operations Director, Louis Llach, as Area Manager.
"We have been interested in the NYC market for some time and, despite the significant asset appreciation that has occurred over the ...