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Raleigh Sheraton Sells for $48 Million

BPG Acquires Downtown Raleigh Hotel
By Jakari Turner
August 14, 2015 | 6:18 P.M.

Buccini/Pollin Group (BPG), a privately held, full-service, real estate acquisition, development and management company, acquired the 353-room Sheraton Capital Center Hotel at 421 S. Salisbury St. in Raleigh, NC from Northview Hotel Group and Oaktree Capital Management for $47.85 million, or approximately $136,000 per key.

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