BOSTON, Massachusettes, and PORTLAND, Oregon—Pyramid Global Hospitality has closed the acquisition of the operating division of Provenance Hotels, an independent owner of boutique hotels. The transaction adds 12 full-service, independent hotels to Pyramid’s national network of managed properties. In a related transaction, Gencom acquired a 50 percent ownership stake in eight Provenance hotels. “The addition of the Provenance portfolio places Pyramid in multiple, new markets, particularly in the Pacific Northwest, an area we long have sought […]

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