NBP Capital Acquires Remaining Interest and Management Rights in the Woodlark Hotel from Provenance Hotels

June 14, 2022

Provenance Hotels sold its minority interest in the 151-room Woodlark Hotel to majority owner NBP Capital, which also acquired the hotel's management rights. Terms were not disclosed; NBP will assume operational control while Provenance will continue to partner with NBP on two other Seattle projects.

Buyers
NBP Capital
Targets
Woodlark Hotel
Sellers
Provenance Hotels
Location
Oregon, United States
Transaction Type
Divestiture

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