NEW YORK Insignia/ESG Hotel Partners has completed the sale of the 124-room Page Lake Powell Inn, located in Page, AZ. The Inn, formerly a Ramada Inn, was acquired by Flagstaff, AZ-based Flagstaff Mountain View from Archon Group, a Goldman Sachs company, for an undisclosed price.
According to Insignia, the new owner plans to renovate the property and re-flag it as a Quality Inn over the next 18 months. (4/12/01)