The Sherpa Signal · 2026-11-10 RARE PAIRING
Hospitality asset changes hands to a unique consortium
ACRE leads partnership with CP Group and StepStone
CP Group, The Georgetown Co. and ACRE acquire Mizner Park in Boca Raton, Fla.
The deal confirms ACRE’s aggressive expansion into upscale hospitality by aligning with capital-heavy CP Group and private-equity partner StepStone. This rare consortium combines development, financing and asset-management expertise, accelerating ACRE’s ability to acquire and reposition premium properties. The partnership is likely to encourage similar joint-venture structures in the sector.
Parties
- Blackstone (Lender)
- JLL (Advisor Sell)
- Newmark (Advisor Buy)
- CBRE (Advisor Buy)
- StepStone Group (Partner)
- ACRE (Buyer)
- ZRS Management (Partner)
- CP Group (Buyer)
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The Sherpa Signal highlights one notable infrastructure transaction each day, drawn from the deals we track. Editorial commentary for information only — not investment advice. · Global Infrastructure Sherpa