The Buccini/Pollin Group acquires Hilton Melbourne Rialto Place in Florida
Washington, DC ““ Officials of The Buccini/Pollin Group announced that it has acquired the 238-room Hilton Melbourne Rialto Place in Melbourne, Fla. PM Hotel Group, a national hotel management company based in Washington, D.C., will operate the hotel.
“BPG’s recent acquisition of the beautifully renovated Hilton Melbourne Rialto Place reflects the continued success of our strategy of acquiring newly renovated, premier-branded, full-service hotels in key business markets across the US,” said Dave Pollin, co-founder, BPG. “With strong marketing and management, we believe this hotel has excellent upside. We now own and operate twenty-six hotels with several other acquisitions and development projects in the works.
“The Hilton Melbourne Rialto Place is the only full-service, first-class hotel in the mainland market. It is centrally located just one-mile from the Melbourne International Airport; the surrounding aerospace industry’s booming Space Coast industrial base; Melbourne’s beautiful beaches; and multiple nearby youth sports complexes. The property also benefits from its sophisticated style, many recreational amenities, including tennis and basketball courts, and Hilton’s world class global distribution system.”
The hotel recently completed an extensive $5 million upgrade and boasts more than 12,000 square feet of function space.