![]() ![]() The acquisition marks Procaccianti Hotel REIT’s first Michigan hotel the company has owned, operated, developed, or financed hotels and other properties in other 30 states.Īccording to its website, Procaccianti Hotel REIT, Inc. Jeff Schmitz, who originally developed, built, and was an owner of the hotel, declined to comment on the sale. Since its opening, Hotel Indigo has posted strong occupancy numbers, and its rooftop bar has been popular among locals. “We believe that the Hotel Indigo Traverse City is an exceptional, new vintage property with multiple built-in demand drivers – its rooftop bar, extraordinary design features, and other amenities make this premium- branded, select-service hotel a strong addition to our portfolio,” says Procaccianti Chief Financial Officer Gregory Vickowski.Ĭonstruction of the hotel took four-plus years, as delays occurred with financing and environmental contamination in the soil and groundwater, which was subsequently cleaned up. Hotel staff that remained after the sale are now employees of TPG Hotels & Resorts, the new hospitality management company operating the hotel. The hotel, which opened in May 2016, was built for an estimated $17 million. purchased the 107-room hotel from Grand Traverse Hotel Properties on August 15 for $26.05 million. Rhode Island-based Procaccianti Hotel REIT, Inc. Traverse City’s Hotel Indigo has been sold. My partner order steel cut oatmeal which appeared to be instant oatmeal.Ĭan’t beat the convenience if you’re staying in the hotel, but there are many better breakfast opportunities in TC.Hotel Indigo Traverse City Sold For $26 Million By Luke Haase I ordered the corn beef hash which was good and plenty of food. Why in the world would you grant time off, depleting your staff over a weekend, knowing probably well in advance you would be busy? We finally received our food and bill with a 25% decrease because of the wait. Our waiter later explained there typically would be two more cooks, but they had been granted the day off. On several occasions we heard both apologize to customers for the delay, explain there was a wedding party staying at the hotel and also explain they only had one cook. There were two waiters working the entire restaurant. We placed our order, and waited, and waited, and waited. The waiter who finally arrived was very friendly and. We walked into a 3/4 full restaurant, and waited at least ten minutes for anyone to bring water or take our drink order. We stayed at the hotel and decided on breakfast downstairs. ![]() Restaurants for Special Occasions in Traverse City.Restaurants for Group Dining in Traverse City.Late Night Restaurants in Traverse City.Kid Friendly Restaurants in Traverse City.Food Delivery Restaurants in Traverse City.Vegetarian Restaurants in Traverse City.Seafood Restaurants for Special Occasions in Traverse City.Gluten Free Restaurants in Traverse City.American Restaurants for Lunch in Traverse City.The Westin Reserva Conchal, an All-Inclusive Golf Resort & Spa.Barcelo Bavaro Palace All Inclusive Resort.Hotels near (TVC) Traverse City Airport.Hotels near Great Lakes Children's Museum.Hotels near Traverse Area District Library.Hotels near Traverse Area Recreation and Transportation Trails.Hotels near Wind Dancer Traverse City Tours.Hotels near The Village at Grand Traverse Commons.Traverse City Hotels with Walk-in Shower. ![]()
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