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Blue Sky Equity Partners Acquires Tucson North Foothills Red Lion Inn
Monday 15 April 2019

15 April 2019 - California, US-based Blue Sky Equity Partners has acquired Arizona's Red Lion Inn and Suites Tucson North Foothills to expand hotel portfolio, the company said.

Financial terms of the transaction were not disclosed.

Blue Sky Equity said it plans to rename and reposition the hotel as a boutique hotel called 3 Palms Tucson North Foothills.

Blue Sky said its hotel division is focussed on continued growth in the Pacific Southwest and this acquisition allows for expansion of its flagship 3 Palms brand to another desert destination in the Tucson North Foothills.

Blue Sky Equity Partners is a private equity investment firm with investments in real-estate, media and technology.

The firm's hotel division owns and operates multiple hotels in California and Arizona under various brands including the 3 Palms.
Details
Date Published: 15/04/2019
Target: Red Lion Inn and Suites Tucson North Foothills
Country: USA
Sector: Hotels/Restaurants/Casinos/Catering
Type: LBO
Financing:
Status: Closed
Vendor:
Buyer: Blue Sky Equity Partners
Comment:
Terms of the deal were not disclosed

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