The management and ownership acquisition is the third local partnership with PacVentures
TEMPE, Ariz. – Sept. 8, 2015 – In partnership with PacVentures, San Diego-based RAR Hospitality has acquired The InterContinental Hotels Group (IHG)-affiliated Holiday Inn Express & Suites Tempe, marking their third joint venture into Arizona’s burgeoning hospitality market. Located adjacent to Arizona Mills Mall, which recently won the bid for a new Lego Discovery Center, and surrounded by multiple points of interest, the Holiday Inn Express & Suites Tempe (HIE) has flourished over recent years.
“RAR is thrilled to have another Arizona hotel in its portfolio,” expressed Corporate Vice President Marc Potash. “This market, particularly in the Greater Phoenix area, is primed for explosive growth over coming years, and we look forward to contributing to local success and further enhancing the level of service available at this location.”