OAKBROOK TERRACE, IL— The Harp Group has acquired the Hotel Pacific in Monterey, CA. The luxury 105-suite hotel is valued at $29 million. The Spanish-style Hotel Pacific is part of a group of properties collectively known as the Inns of Monterey. The 16-building complex also features 1,750 feet of meeting space and is adjacent to the Monterey Convention Center. The Hotel Pacific will be managed by Portfolio Hotels and Resorts.
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