12/10/2012 (press release: boxerproperty) // Houston, Texas // David Kayle
Boxer Property announced today it has acquired its first resort hotel in Phoenix, AZ. The AAA Four-Diamond rated Pointe Hilton Tapatio Cliffs Resort offers numerous amenities including Tocaloma Spa & Salon and the award-winning Lookout Mountain Golf Club.
Generally known for being a multi-tenant office buyer throughout the U.S., this purchase marks Boxer’s entrance into the hospitality sector. Boxer hopes that this purchase will be the first of many hospitality purchases and will actively pursue more in the near future.
“With the purchase of Tapatio Cliffs, Hotel & Resort, our first hotel, we are excited to launch a new line of investments” said Andrew Segal, founder and President of Boxer Property. “This is not a one-off purchase for us, but rather, a long term commitment to hospitality. We are aggressively seeking additional hotel acquisition opportunities,” Segal continued.
About Boxer Property
Boxer Property is celebrating 20 years as an innovative commercial real estate investment and management company. Specializing in maximizing the value of underperforming and challenged properties through aggressive leasing and hands on management. Founded in 1992, Boxer Property Management Corporation is a privately held firm based in Houston that manages, leases, and administers retail, medical, hospitality and office properties with over 15 million square feet across more than 120 locations, nationwide.
Contact:
David Kayle
Acquisitions
David.Kayle@BoxerProperty.com
(713) 777-7368
www.BoxerProperty.com
www.BoxerResorts.com
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