Provenance Hotels Sells Minority Interest in the Woodlark Hotel to Majority Owner, NBP Capital
Provenance Hotels (Provenance), an owner and operator of boutique hotels, today announced the strategic sale of its minority interests in the Woodlark Hotel (the Woodlark or the Hotel) to majority shareholder NBP Capital (NBP), a vertically integrated commercial real estate investment platform.
- Provenance Hotels (Provenance), an owner and operator of boutique hotels, today announced the strategic sale of its minority interests in the Woodlark Hotel (the Woodlark or the Hotel) to majority shareholder NBP Capital (NBP), a vertically integrated commercial real estate investment platform.
- In connection with the transaction, NBP has also acquired the management rights to the Hotel.
- The Woodlark Hotel is sophisticated 151-room hotel housed within two historic structures brought together as one in the heart of downtown Portland.
- The Woodlark utilizes Portlands surroundings and reinterprets them in a fresh way, balancing sophisticated beauty with rich substance, nuance, and soul.