Global Hospitality Investment Group (GHIG), a prominent player in hospitality-centric real estate private equity, announced today its acquisition of the Doubletree Resort Scottsdale Paradise Valley. Nestled in the dynamic hospitality market of Paradise Valley, Scottsdale, Arizona, the property will continue to operate under the Hilton flag. The financial details of the deal remain undisclosed. The […]
Bancorp 34 (BCTF), the holding company of Bank 34, and CBOA Financial, the holding company of Commerce Bank of Arizona, have signed a $28 million worth all-stock merger deal to create the second largest Arizona-based bank with assets of around $ 1 billion. As per the terms of the deal, CBOA Financial’s shareholders will exchange […]
Masafi is partnering with American drinking water company SOURCE Global, PBC for launching SOURCE, a renewable, sustainable bottled water product in the UAE. The UAE-based bottled water company also has plans to launch SOURCE shortly across the Gulf Coast region. SOURCE is claimed to contain water that is sourced from the sky by converting pure […]
AmWINS acquisition of Stealth Partner Group : US insurance broker AmWINS Group, which distributes specialty insurance products and services, has agreed to acquire Arizona-based Stealth Partner Group for an undisclosed price, as per the latest insurance acquisition news. Stealth Partner Group is an independent full-service general agent (GA) that specializes in medical stop-loss insurance. Headquartered […]
Destination Maternity Scottsdale store opening : Destination Maternity, a US retailer of maternity apparel, will open a new retail store in Scottsdale, Arizona, on Saturday, 21 September. The maternity apparel store is located in the Scottsdale Quarter Mall at 15059 N. Scottsdale Road and will feature wear-to-work options for career moms as well as trend-right […]
US Foods acquisition of SGA Food Group : Illinois-based US Foods has wrapped up its previously announced $1.8 billion acquisition of rival foodservice distributor SGA’s Food Group of Companies (SGA Food Group) as per the latest food acquisition news. As part of the all-cash deal, announced in July 2018, US Foods acquired five separate operating […]