Hilton Melbourne Rialto Place Changes Hands in FL
- Jan 10, 2018
The Buccini/Pollin Group (BPG) has acquired the 238-key Hilton Melbourne Rialto Place in Melbourne, Fla. PM Hotel Group, a Washington, D.C.-based hotel management company will operate the asset.
Located less than one mile from Orlando Melbourne International Airport, the property is the only full-service, first-class hotel in the mainland market. The site is also in close to the Space Coast industrial base, the beach and youth sports centers.
The hotel has undergone a recent, $5 million upgrade. With more than 12,000 square feet of function space, the property is a popular meeting and event location in the region.
“BPG’s recent acquisition of the beautifully renovated Hilton Melbourne Rialto Place reflects the continued success of our strategy of acquiring newly renovated, premier-branded, full-service hotels in key business markets across the U.S.,” said Dave Pollin, co-founder of BPG, in a prepared statement.
Amenities at Hilton Melbourne Rialto Place include:
- business center
- pavilion lounge
- laundry/valet service
- basketball court
- fitness room
- tennis court
“With strong marketing and management, we believe this hotel has excellent upside. We now own and operate 26 hotels with several other acquisitions and development projects in the works,” added Pollin, in prepared remarks.
In September last year, BPG broke ground on Virgin Hotels Nashville, a 240-key lifestyle property slated to open in 2019.
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