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mi-traverse city3 (2) Hotel Indigo located at 263 W. Grandview Pwy. in Traverse City, MI.

TRAVERSE CITY, MI—The hotel sector is now in the midst of its longest period of growth ever recorded, and that also means its awash in capital looking for new opportunities. Procaccianti Hotel REIT, Inc., has decided one of MI’s most popular tourist destinations has the strong economic fundamentals it needs. The Cranston, RI-based trust just acquired the Hotel Indigo located at 263 W. Grandview Pwy. in Traverse City, MI. TPG Hotels & Resorts, Inc. manages the property.

Brian J. Rogal

Brian J. Rogal is a Chicago-based freelance writer with years of experience as an investigative reporter and editor, most notably at The Chicago Reporter, where he concentrated on housing issues. He also has written extensively on alternative energy and the payments card industry for national trade publications.

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