Acquisitions

With the purchase of another hotel, real estate company Buccini/Pollin Group increased its presence in Philadelphia’s hospitality industry, particularly in Old City, which its co-founder said is the “most compelling” part of a city. Investments by BPG — which has offices in Wilmington, Del., Washington, D.C., Philadelphia and Baltimore — include over 40 hotels, and it first entered the Philadelphia market in 2015 when it acquired the Renaissance Philadelphia Downtown Hotel, formerly the Omni. Investments...