Keyword: Portman Holdings
Though more than a decade old, this long-term financing tool is starting to gain traction for hotel construction projects.
The private equity investment group has already closed investments in hotels in California and Georgia.
The 216-room Kimpton Buckhead, slated to open in late 2020, will be an adaptive reuse of a 1950s residential building.
Portman Holdings owns the 400-room hotel overlooking the San Diego bayfront, and IHG manages it.