Boxer Acquires 584-Room Pointe Hilton Tapatio

HOUSTON-Boxer Property moved into the field of hospitality investment buy acquiring the 584-room Pointe Hilton Tapatio Cliffs Resort in Phoenix from servicer C-III Asset Management LLC. The local investor plans capital investment to bring the property back to profitability.

“We’re going through the capital budget requires that Hilton made and trying to get our arms around what needs to be done,” explains David Kayle, who heads up acquisitions for Boxer Property.  “There were some significant upgrades done to the property before our involvement, but capital is one thing hotels need on a consistent basis to keep them fresh.”