HOSPITALITYDESIGN: Benchmark Pyramid Acquires Provenance Hotels


Benchmark Pyramid has announced that it will acquire Portland, Oregon-based Provenance Hotels. Terms of the transaction were not disclosed, however, the deal will add 12 new units to Benchmark’s current portfolio of more than 240 international properties.

“We couldn’t be more thrilled to welcome the Provenance family into Benchmark Pyramid’s storied portfolio,” says Benchmark CEO Warren Fields. “The decades of highly successful management from the Provenance team is something we look forward to building upon as we continue to create the most owner-focused, experiential company in the industry.”

“This transaction is an exciting step forward for Provenance, our employees, and our guests. As part of Benchmark Pyramid, Provenance employees will gain access to even greater employment opportunities, and our guests will benefit from the resources of a larger organization with a global portfolio of properties,” Provenance president and CEO Katherine Durant says. “We are confident that Benchmark Pyramid shares our employee-oriented culture and values, and we look forward to a bright future for our combined company.”

Provenance founder and chairman Gordon Sondland adds: “Together, we have great opportunities for growth, and I look forward to remaining engaged with the company and its world-class management team as a member of the combined company’s board.”

The deal is expected to close in the second quarter of 2022.

More from HD:
The 40 Most Anticipated Hotel Openings of 2022
2022 Development Update: Napa Valley
Wynn’s Todd-Avery Lenahan to Speak at HD Expo 2022

Da Vinci Lifestyle’s Contracts Division Leverages On Stellar Relationships With Over 200 International Luxury Designer Furniture Brands To Fashion Furniture Brands Around The Globe. With An Extensive Range Of Products From Furniture, Lighting, Kitchens, Office Systems, Bath & Sanitary, To Flooring, Decoratives & Materials. Our Contracts Team Offers Creative And Bespoke Solutions To Briefs To Manage The Process From Conceptualization To Completion. Our Logistics Networks Worldwide Ensures Deliveries And Installations Are Kept Within Timeline Requirements That Are Crucial For Architects, Interior Designers And Property Owners For Residential, Commercial And Hospitality Projects.

Contact Us For Product Quotations Or Queries.

LOOKING FOR THE BEST IMPORTED LUXURY FURNITURE BRANDS ABOVE ?[ CALL US|EMAIL US ]

STAY UPDATED — SUBSCRIBE TO DA VINCI LIFESTYLE’S NEWSLETTERS

Cart
  • No products in the cart.
English简体中文