NEW YORK, Jan. 12, 2017 /PRNewswire/ -- Centerboard Group, through its portfolio company Signor Lodging, has acquired the 1,056 room Rocanville lodging facility from Potash Corporation of Saskatchewan. The turnkey facility includes a complete kitchen/dining facility, recreation areas and all associated site infrastructure. Signor intends to relocate the purchased assets to the U.S. to supplement its market leading position in the prolific Permian Basin and SCOOP/STACK plays.
"This was our third acquisition in 2016 and is consistent with our overall strategy of consolidating the workforce housing market in the U.S. and repositioning assets at an appropriate cost to areas of high demand," said Lee Eichen, a partner at Centerboard Group. "This high quality facility is a great complement to Signor's existing asset base and allows us to continue to support the growth of our market-leading customers."