Keyword: Lowe Enterprise Investors
Lowe Enterprises' new management division is designed to be a smaller firm with a more intimate relationship with hotel partners.
The new management company has a portfolio of 17 lifestyle hotels and resorts across the U.S. and in Puerto Rico.
The conversion is the next phase in the property's multimillion-dollar, three-year capital-expenditure and property-improvement plan.
The Residence Inn properties sold for a collective $32 million, with a joint venture between Lowe Enterprise Investors and a foreign investor buying the properties.