Cambridge Landmark Acquires a Hotel; The Citizen Hotel, Autograph Collection

(Miami, FL) Cambridge Landmark believes in, investing in hotel properties.  Specifically; the investments are centered on being a long term, and, value accretive investment.  The previously said, is intended for the investors, whom, went to them for an investment opportunity.  The focus then shifts to capital preservation, and, a disciplined acquisition strategy.  As a result, the hotels that Cambridge Landmark acquires, are in the U.S.A.’s first 50 metropolitan statistical areas (M.S.A.s).  Additionally, the hotels have to be under operations by either one of the following hotel brands; Marriott, Hilton, IHG or Hyatt.  Recently, Cambridge Landmark announced that, the City of Sacramento is an M.S.A.  Interestingly, the Sacramento M.S.A. is in the first 50.  Specifically, the aforementioned business revealed that, it has acquired The Citizen Hotel, Autograph Collection.  The aforementioned hotel, is a Marriott hotel.  Additionally, it is located in Sacramento, California U.S.A.

          As a Marriott hotel in Sacramento California, The Citizen Hotel, Autograph Collection, was once owned by Platinum Equity.  Indeed, Platinum Equity used to be the owner.  Additionally, the details of the acquisition transaction, were not made public.  Furthermore, the year 2015 is when this hotel property joined, Marriott’s Autograph Collection.  Before this date, this hotel was a luxury boutique hotel.  However and returning to, Cambridge Landmark, the aforementioned is a private investment business.  For the most part; it is driven by investments in hospitality related businesses that are control centered, and that, can generate cash.  The current portfolio of hospitality businesses, is the result of acquisitions.  The acquisitions process is guided by a proactive approach to investing.  The process also includes value accretion through operational improvements, asset repositioning and balance sheet restructuring.

          The Citizen Hotel, Autograph Collection is set apart by its building.  The building was built in the year 1926.  Coincidentally, it is considered to be one of Sacramento’s first high rise buildings.  The building for many years, was an insurance building.  The building was reborn, when The Citizen Hotel came into existence.  Initially, this hotel was a luxury boutique hotel.  It was known for being a distinguished and refined, lodging destination.  Currently, there are 196 hotel guestrooms.  There are also 9,000 ft² of meeting or banquet space.  The hotel’s restaurant perfectly compliments this hotel; Grange Restaurant & Bar.  The latter, is respectfully known for its, farm to fork dining concept.

          This particular hotel, The Citizen Hotel, Autograph Collection does check-in at 3:00 pm.  Additionally, check-out is at 12:00 pm.  This hotel; is also considered to be the type of hotel that is in a building designed by architect George Selland, is a short distance from the California State Capitol, has California inspired interior d├ęcor and it has valet parking for $32 USD a day.  The Citizen Hotel, Autograph Collection, is located on 926 J Street, Sacramento, CA 95814.  The telephone number is (916) 447-2700.  The website is www.marriott.com.

          To end, Cambridge Landmark did release press statements.  Pedro Miranda is the Co-Managing Partner of Cambridge Landmark.  Through a press statement, Mr. Miranda said the following.  “This acquisition demonstrates Cambridge Landmark’s focus on ownership-driven hotel investment with assets in prime U.S. domestic markets.”  Joao Woiler is the Co-Managing Partner of Cambridge Landmark.  Through a press statement, Mr. Woiler said the following.  “This historic property in downtown Sacramento continues the growth of our portfolio.”  As previously stated, Cambridge Landmark recently announced that, the City of Sacramento is an M.S.A.  Interestingly, the Sacramento M.S.A. is in the first 50.  Specifically, the aforementioned business revealed that, it has acquired The Citizen Hotel, Autograph Collection.  The aforementioned hotel, is a Marriott hotel.  Lastly and additionally, it is located in Sacramento, California U.S.A.

 

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Written from Press Release

Registered Writer with

PR Newswire Association, LLC

R-Berumen28

08/03/2019

 



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