Procaccianti Companies today announced the acquisition of the Newport Beach Hotel & Suites. The Newport Beach Hotels & Suites consists of two buildings, the Historic property built in 1940 and the suite property built in 2008. The property features a rooftop deck, swimming pool, and a day spa. This acquisition also includes an additional parcel of land, allowing for further potential development opportunities. The property will be managed by the firm’s hospitality management affiliate, TPG Hotels & Resorts. “The acquisition … Continue reading Newport Beach Hotel & Suites sold to Procaccianti Companies