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Portman Now Buys Hotels, Too

While known in deal circles for some time, it's now press released: Portman Holdings is in the market to acquire hotels. The development & investment arm of John Portman's architecture firm/empire has an existing portfolio with significant hotel assets (including the pictured Portman Ritz Carlton in Shanghai), Portman had a hand in designing and/or developing many of them. The addition of an acquisitions program does not seem to be affecting the Portman development team, who are also in the market actively seeking deals. [Hotel News Now]