PROVIDENCE, R.I., Dec. 2, 2014 /PRNewswire/ — Integral to its overall strategic growth plan, TPG Hospitality announced a partnership with Garrison Investment Group for the sale and long term management of the 257-room Sheraton Suites Country Club Plaza Hotel located in Kansas City, Missouri.

“The sale of the Sheraton Suites Country Club Plaza to Garrison underscores TPG’s strategic initiative to build our portfolio of managed assets via partnerships with strong ownership groups like Garrison,” states Paul Sacco, Chief Development Officer of TPG Hospitality. Paul continues, “We are thrilled to be working with Garrison in the continued operation of this well-positioned hotel and look forward to pursuing additional business opportunities with them in the near future.”

In addition to recently completing other similar transactions, TPG Hospitality has also been highly active with new acquisitions, ground-up developments, renovations & brand repositionings and third party management agreements throughout the US.

“The acquisition of this quality, well-located asset fits within Garrison’s strategic growth model,” said Chuck Pomerantz, Managing Director of Garrison Investment Group. “Garrison looks forward to partnering with TPG Hospitality in continuing to provide great experiences for guests at the Sheraton Suites Country Club Plaza.”

About The TPG
TPG Hospitality (est. 1985) ranks in the top five largest U.S. hotel management companies with an operating portfolio of more than 60 hotels representing nearly 20,000 guestrooms in 26 states. TPG Hospitality is an approved/preferred operator of all major industry brands. For more information, please visit www.tpghospitality.com.

About Garrison Investment Group
Garrison Investment Group is a leading U.S. credit and asset-based investor with $3.5 billion of assets under management. The firm invests across a wide range of asset classes including middle market corporate loans, commercial and industrial loans, consumer loans, and commercial real estate. Garrison is based in New York and has a team of 79 employees (46 investment professionals).

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SOURCE TPG Hospitality