Phoenix-based Hospitality Capital Partners or HCP< along with its equity partner National Property Advisors, have acquired a portfolio of five hotels totaling more than 665 rooms from Service Properties Trust.

The purchase for $72 million as part of a larger NPA transaction. The transaction, which closed on Dec. 4, expands HCP’s footprint in key Arizona markets, including Metropolitan Phoenix and Flagstaff.

“We focus on locations that are consistently in high demand and have high barriers to entry for competition. In this case, several of these hotels are in irreplaceable locations,” said Keith Mishkin, managing partner of Hospitality Capital Partners in a statement.

The portfolio consists of strategic high-demand locations that demonstrate durable value, including Sonesta Select P

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