PHOENIX – Boxer Property, a Houston-based firm which has invested in office properties since 1992, is adding hotel investments into its portfolio.
Boxer announced it has acquired its first resort hotel — the AAA Four-Diamond rated Pointe Hilton Tapatio Cliffs Resort in Phoenix.
“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.
Boxer said it anticipates that this purchase will be the first of many hospitality purchases and will actively pursue more in the near future.