Tuesday, July 14, 2015

The Buccini/Pollin Group Acquires 353-Room Sheraton Raleigh Hotel in Raleigh, NC


Dave Pollin
RALEIGH, NC, July 14, 2015—Officials of The Buccini/Pollin Group, a privately-held, full-service real estate acquisition and development company (BPG), today announced that it has completed the acquisition of the 353-room Sheraton Raleigh Hotel in North Carolina. 

The hotel, at 421 South Salisbury Street, will be operated by PM Hospitality Strategies, Inc. (PMHS), a leading, national hotel management company. 

This brings PMHS’ third-party management portfolio to more than 35 hotels, including seven new assignments in 2015, with multiple projects in the pipeline expected to close within the next 18 months.

            “BPG continues to execute its strategic plan of acquiring full-service, stabilized hotels in primary and secondary markets and selectively developing new hotels in high barrier-to-entry urban locations,” said Dave Pollin, co-founder.  “2015 is one of the strongest years the hotel industry has ever experienced, and all signs point towards continued prosperity.”

Joseph Bojanowski, president of PMHS, noted, “We have doubled our management portfolio over the past two years, adding properties in six states. 


Joseph Bojanowski
“Our goal is to continue growing our platform, essentially doubling in size again over the next three years. 

"With the industry operating at very positive levels, savvy owners are engaging proven management companies to optimize profitability and customer satisfaction while controlling margins. 

“PMHS has demonstrated its expertise in these areas and plans to aggressively market its capabilities and successes as it pursues its growth goals.”

For a complete copy of the company’s news release, please contact:

Chris Daly
media
(703) 435-6293


  

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