Evermore Partners and New Castle Hotels & Resorts Acquire Montana Marriott Portfolio
March 30, 2023
Denver-based Evermore Partners and Ridgefield-based New Castle Hotels & Resorts acquired the Montana Marriott Portfolio in downtown Missoula, Montana, comprising a 105-key AC Hotel by Marriott, a 175-key Residence Inn by Marriott, and The Mercantile (approx. 20,000 sq. ft. of retail). The co-sponsors said the acquisition expands their presence in the Rocky Mountain region and broadens New Castle's management platform to the West.
- Buyers
- Evermore Partners, New Castle Hotels & Resorts
- Targets
- AC Hotel by Marriott (Missoula), Residence Inn by Marriott (Missoula), The Mercantile (Missoula retail)
- Industry
- Real Estate
- Location
- Montana, United States
- Transaction Type
- Buyout
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