Palisociety has acquired Arrive Hotels & Restaurants and its collection of properties, which includes locations in Austin, Texas; Phoenix; Palm Springs, Calif.; Memphis, Tenn.; and Wilmington, N.C.; as well as Arrive New Orleans and Arrive Albuquerque, which are under development. The Arrive portfolio is being absorbed by Palisociety, which now owns and operates 13 hotels nationally under the Palihouse, Palihotel, Arrive by Palisociety and Independent Collection brands.
“Like Palisociety, Arrive is rare in its focus on providing a creatively inspired yet neighborhood-centric hospitality experience,” said Jorgan von Stiening, president of Palisociety. “Arrive properties feature the most exciting and dynamic hotels and restaurants in their markets, and on the heels of a very challenging year for travel, we are particularly proud to bring together this portfolio under a lean and extraordinarily efficient management platform.”
“2020 ushered in a heightened level of creative thinking in our industry and we’ve become more inspired and encouraged than ever by the long-term potential of the boutique hospitality sector,” said Avi Brosh, founder and CEO of Palisociety. “Today’s traveler wants an experience that feels authentic and engaging, and by adding Arrive to our platform, we’ve enhanced our ability to bring that level of care and attention to the devoted fans of Palisociety branded hotels.”
As part of the acquisition, Palisociety has enhanced its vertically integrated management systems and centralized operating structure. Arrive’s branding and website will reflect new design highlights while daily operations, company protocols and procedures will be integrated as part of Palisociety’s infrastructure.
Additional terms of the acquisition have not been disclosed.
In addition to the hotels, Palisociety’s portfolio includes 23 restaurants and bars in operation. Across the portfolio, five additional hotels are under construction and anticipated to open by spring 2022, along with a development pipeline of 15 properties in discussion/planning phase.