STONERIDGE FINDS PHOENIX HOSPITABLE WITH PURCHASE OF 119-ROOM PROPERTY

PHOENIX — Stoneridge Capital Partners has acquired the 119-room Hotel Highland located at 2310 East Highland Ave. in Phoenix’s Biltmore District. The purchase marks the Newport Beach, Calif.-based real estate investment company’s entry into the hospitality sector. Bill Murney of Hospitality Real Estate Counselors represented Stoneridge in the transaction, and Stan Kozlowski, Jr. of CBRE Hotels represented the undisclosed seller.