JRK Asset Management simultaneously closed on the purchase of the Franklin, a small hotel on Manhattan's upper east side.
This purchase marks JRK Asset Management's first foray into New York's hotel market.
25 31 JRK Property Los Angeles, Jim 43,900 41,400 Holdings, CA Lippman Inc.
44,588 44,927 Estate Croup Piceme 22 30 JRK Property Los Angeles, Jim 41,900 39,400 Holdings, CA Lippman Inc.
Vail previously was a regional manager with JRK
Heavy Repairs To Bituminous Road At SGO, MKRN, JRK
Building Of DRM Office At Jabalpur And Provision Of Cover Over Shed IRS Type (One Bay Each) At KYE, NOI, JRK
, MKRN, BEHR, BKH, GAE, GAJ, NWR SAGMA Station Of JBP-Division, West-Central Railway".
Through its two investment funds, Los Angeles-based JRK Investors has bought $325 million in multifamily properties in 2014 so far.
JRK Investors primary investment fund, which has $600 million, is focused on acquiring class-A multifamily properties constructed in 1990 or later.
LaSalle Hotel Properties seeks to grow through strategic relationships with premier lodging companies, including Westin Hotels and Resorts, Hilton Hotels Corporation, Outrigger Lodging Services, Noble House Hotels & Resorts, Hyatt Hotels Corporation, Benchmark Hospitality, White Lodging Services Corporation, Thompson Hotels, Sandcastle Resorts & Hotels, Davidson Hotel Company, Denihan Hospitality Group, the Kimpton Hotel & Restaurant Group, LLC, Accor, Destination Hotels & Resorts, HEI Hotels & Resorts, JRK
Hotel Group, Inc.
JRK Property Holdings purchased the offering for an undisclosed amount.
Since its founding in 1991, JRK Property Holdings has amassed a commercial portfolio throughout the United States valued in excess of $6 billion, and consisting of more than 55,000 multifamily units, luxury and flagged hotels, and more than two million square feet of office, industrial, and storage properties.