Churchwick Partners and Rockledge have acquired the Sonesta portfolio.
Last month, Churchwick and Rockledge closed on the first portion of the portfolio consisting of 7 Sonesta hotels.
Jaime Gitler, a partner at Churchwick Partners, said, “Being able to execute a complicated transaction and financing in one of the worst credit environments in the last 10 years is a continued testament to our differentiated approach. The wealth of experience in capital markets coupled with a best-in-class operational team continues to position Rockledge and Churchwick as preferred partners to sellers. History will show that execution in this period will be a defining highlight in our storied enterprise.”