Transactions for NewcrestImage, Newbond Holdings and Apollo Funds

Hotel Business – NewcrestImage has concluded two hotel transactions—a sale and an acquisition.

The Dallas-based company sold its 199-room, 13-floor AC Hotel at Arizona Center in downtown Phoenix to Arbor Lodging Properties, a Chicago-based hotel investment and management firm.  The hotel opened in February of this year as a joint venture with Las Vegas-based LaPour Properties and Atlanta-based Peachtree Hotel Group.

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