Portland’s Press Hotel, a former newspaper building transformed by developer Jim Brady into a 110-room boutique hotel, has been sold to a private equity investor, the companies announced on Monday.
Brady’s Fathom Cos. sold the building, at 119 Exchange St., to KHP Capital Partners, a San Francisco-based real estate private equity firm focused on investments in the hospitality sector.
Since 2004, KHP’s co-founders have raised more than $1.3 billion to invest in hospitality real estate, and the company is currently deploying its fifth fund in the KHP series, KHP Fund V, a $361 million fully discretionary vehicle.
Read more/Source: MaineBiz
