Buccini/Pollin Group acquires Melbourne, FL hotel

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Officials of The Buccini/Pollin Group announced that it has acquired the 238-room Hilton Melbourne Rialto Place in Melbourne,

BPG affiliate, PM Hotel Group, a leading, national hotel management company based in Washington, D.C., will operate the hotel. Buccini/Pollin has corporate offices in Wilmington.

“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 US,” said Dave Pollin, co-founder, BPG. “With strong marketing and management, we believe this hotel has excellent upside. We now own and operate twenty-six hotels with several other acquisitions and development projects in the works.

The hotel is located just one-mile from the Melbourne International Airport and is near the Space Coast business area.

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The hotel recently completed a $5 million upgrade.

BPG reported the following in 2017.

• Completed construction on the 310-room Embassy Suites Midtown Manhattan, the only Embassy Suites in New York City, opening January 17, 2018.

• Acquired the 238-room DoubleTree by Hilton, north Wilmington.

• Broke ground on the 260-room Virgin Hotels Nashville, TN., in partnership with Virgin Hotels and founder Richard Branson.

• Acquired the Hotel DuPont in Wilmington.

• Acquired the Sheraton DFW Airport Hotel, a 302-room, recently renovated hotel in dynamic Irving, Texas, epicenter of the Dallas Metroplex.

• Completed more than $30 million in renovations, upgrades and repositioning, including: a complete reimagining of the 353-room Sheraton Raleigh Hotel in NC; opening the first Renaissance Hotel in downtown Philadelphia; and an addition and comprehensive renovation of the Fairfield Inn by Marriott King of Prussia, Pa.

• Nearing completion of the 177-room Canopy by Hilton Hotel Washington, D.C. – Bethesda North, opening in February, 2018.

• Nearing completion of the 153-room Canopy by Hilton Portland, OR Pearl District in April, 2018.

BPG is commercial real estate developer.

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