![]() The newly acquired properties include two downtown Seattle, Washington hotels- Hotel Max and Hotel Theodore the boutique Old No. Together, we have great opportunities for growth, and I look forward to remaining engaged with the company and its world-class management team as a member of the combined company's board." Provenance's Founder and Chairman, Gordon Sondland, said, "We are thrilled to join forces with Benchmark Pyramid, a celebrated leader in the hospitality industry with a history of success. We are confident that Benchmark Pyramid shares our employee-oriented culture and values, and we look forward to a bright future for our combined company." As part of Benchmark Pyramid, Provenance employees will gain access to even greater employment opportunities, and our guests will benefit from the resources of a larger organization with a global portfolio of properties. Katherine Durant, President and CEO of Provenance, said, "This transaction is an exciting step forward for Provenance, our employees and our guests. "The decades of highly successful management from the Provenance team is something we look forward to building upon as we continue to create the most owner-focused, experiential company in the industry." "We couldn't be more thrilled to welcome the Provenance family into Benchmark Pyramid's storied portfolio," said Warren Fields, Benchmark Pyramid's chief executive officer. Terms of the transaction were not disclosed. BOSTON, MA, THE WOODLANDS, TX and PORTLAND, OR / ACCESSWIRE / Ap/ Benchmark Pyramid and Provenance Hotels (Provenance) today announced the signing of a definitive agreement under which Benchmark Pyramid will acquire Portland, Oregon-based Provenance, adding 12 unique hotels to Benchmark Pyramid's portfolio of more than 240 properties across the U.S., Europe and the Caribbean.
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