Newbond Holdings and Conversant Capital Close Acquisition of Two Major San Francisco Hotels
A partnership between Newbond Holdings and Conversant Capital, which was formed to invest in large-format hospitality assets, today closed on the acquisition of two of San Francisco’s largest and most recognizable hotels: the Hilton San Francisco Union Square and Parc 55 San Francisco – A Hilton Hotel. The combined purchase price for the two hotels, comprising approximately 3,000 rooms and representing roughly 10% of the city’s total room inventory, was $408 million.
Newbond Holdings and Funds Managed by Apollo Global Management Acquire Hotel Tampa Riverwalk
Newbond Holdings, a vertically integrated real estate investment and operating platform, founded by Neil Luthra and Vann Avedisian, is proud to announce the acquisition of the Hotel Tampa Riverwalk, formerly known as the Sheraton Tampa Riverwalk Hotel, in partnership with investment funds managed by an affiliate of Apollo (
NYSE: APO). Ownership has selected Schulte Hospitality Group to manage the hotel.
Newbond Holdings Acquires Waterstone Resort & Marina Boca Raton
Newbond Holdings, a vertically integrated real estate investment and operating platform founded by Neil Luthra and Vann Avedisian, announced the acquisition of the Waterstone Resort & Marina Boca Raton. This transaction marks Newbond’s second Florida hotel investment following the firm’s official launch earlier in the year.
Newbond Holdings and Funds Managed by Apollo Global Management Acquire Westin Tampa Waterside Hotel
Newbond Holdings, a vertically integrated real estate investment and operating platform founded by Neil Luthra and Vann Avedisian, announced the acquisition of the Westin Tampa Waterside hotel in partnership with investment funds (the “Apollo Funds”) managed by an affiliate of Apollo Global Management, Inc (
NYSE: APO) (together with its consolidated subsidiaries, “Apollo”).
