News: LRC Group acquires Amaris Hospitality for undisclosed sum

LRC Group has acquired Amaris Hospitality and has agreed to add seven Hilton-branded hotels from funds managed by Oaktree Capital Management to the portfolio for an undisclosed consideration.

The transaction for the seven hotels, which all trade under the DoubleTree by Hilton brand, is expected to close later this year.

Amaris Hospitality will become LRC’s new hotel investment and management platform and will manage the new hotels on behalf of LRC, bringing the total number of hotels in the Amaris Hospitalit…
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