PHG Acquires Two AC Hotels in Tempe, AZ & Irvine, CA
PHG Hotel Fund I, LLC, an affiliate of Pacific Hospitality Group (PHG), purchased the AC Hotel Phoenix Tempe/Downtown in Tempe, Arizona and the AC Hotel Irvine in Irvine, Calif. from Woodbine Development Corporation and USAA. The 84,950-square-foot hotel at 100 East Rio Salado Parkway in Tempe was procured with a $25 million loan from Farmers […]
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