Dynamic City Capital Acquires Anaheim Portofino
PROVO, UT – Dynamic City Capital (DCC), a Utah-based real-estate investment firm focused on hotel investments in prime markets, has acquired the Anaheim Portofino Inn & Suites (Anaheim Portofino). The Anaheim Portofino is one of the top-producing independent hotels near the Disneyland® Resort and the Anaheim Convention Center.
Dynamic City Capital’s Anaheim Portofino Inn & Suites in Anaheim, California
“The acquisition of the Anaheim Portofino was an exceptional opportunity to expand our presence in the Anaheim Market,” commented Ryan Phelps, DCC’s chief investment officer. “The hotel is ideally located for patrons to take advantage of all Anaheim offers and aligns with our strategy of purchasing quality properties in prime hotel markets. You don’t get better hotel markets than Anaheim.”
The Anaheim Portofino is located across the street from Disneyland® and California Adventure Park®. The hotel has 190 guest rooms, including Disney-themed kids’ suites. Guests can use the on-site concierge service to purchase Disneyland® tickets through the hotel. In addition, the ART shuttle provides guests easy access to and from the gates of Disneyland® and other area attractions.
The Anaheim Portofino is DCC’s second hotel acquisition in Anaheim during the last 12 months and its eighth acquisition or hotel opening during that same time frame. The other markets they expanded during the past year include Bellevue, San Francisco, San Jose, Clearwater Beach, and Fort Lauderdale.
Wynn Resorts Highlights Corporate Sustainability Goals
LAS VEGAS – Wynn Resorts recently issued its Environmental, Social and Governance (ESG) Report, defining the Company’s milestones in 2021. The report provides insight into the Company’s commitment to decrease emissions; an enhanced Diversity and Inclusion program; and a comprehensive Human Trafficking Prevention program.
“Wynn Resorts brings the same level of effort and dedication to our ESG efforts as we do to all our business operations,” said Craig Billings, CEO of Wynn Resorts. “We focus those efforts around three key areas: Our People, Our Communities, and Our Planet. As proud as I am of the accomplishments mentioned in this report, I’m confident our record will continue to improve thanks to our talented and dedicated team.”
The Wynn Resorts sustainability program, known as Goldleaf, houses scientific solutions to the environment and climate challenges that are unique to each resort. In 2020, the Company defined corporate sustainability goals that are aligned with recommendations made by the Intergovernmental Panel on Climate Change, including:
• net-zero by 2050 to reduce or offset all carbon dioxide (CO2) produced by our operations no later than 2050;
• carbon dioxide emissions peak by 2030 to stop and reverse year-over-year growth of operational carbon dioxide (CO2) emissions by 2030; and
• 50% renewable energy procurement by 2030 to increase Wynn Resorts’ supply of renewable energy produced or procured to at least 50% of total consumption by 2030.
Noble Acquires the Hilton Garden Inn Boise | Downtown
ATLANTA – Noble Investment Group has acquired the Hilton Garden Inn Boise | Downtown, capping more than $1.0 billion of investment activity over the past year. Boise is the Pacific Northwest’s third most populous region behind Seattle and Portland, known for its combination of urban lifestyle and outdoor adventure.
Hilton Garden Inn Boise
The city is rapidly growing due to its affordability and quality of life, ranking No. 1 on Indeed’s list of cities with the fastest job growth and among Forbes list of Fastest-Growing City in America. The city is home to three Fortune 500 companies, Albertsons, Inc., Boise Cascade, and Micron Technology Inc., as well as numerous corporate headquarters, including the Simplot World Headquarters, one block from the hotel.
Downtown Boise is a vibrant, walkable district with nearly four million square feet of office space, more than one hundred shops and restaurants, and art and history museums. The hotel is located in the heart of downtown Boise, providing easy access to the city’s numerous leisure and business demand generators, including the Idaho State Capitol, Boise State University, Jack’s Urban Meeting Place, Idaho Central Arena, and the Boise Centre.
“The Boise market demonstrates the key macro trends we are looking for in cities which we believe will outperform as we enter a new lodging cycle,” said Dustin Fisher, Noble’s senior vice president. “This acquisition aligns with our strategy to acquire high-quality, well-located assets in growth markets to benefit from the ongoing recovery in travel.”