Excel Group Announces Purchase of Three Hotel Portfolio in Virginia, New York and Rhode Island
ARLINGTON, Va., Jan. 15, 2019 /PRNewswire/ -- Washington DC-based real estate investment firm Excel Group has announced its recent acquisition of three hotels – the 151-room Hyatt Place Dulles Herndon-East in Herndon, VA; the 161-room Hampton Inn Long Island Brookhaven in Farmingville, NY; and the 101-room Hampton Inn & Suites Providence-Smithfield in Smithfield, RI.
"We are excited to acquire these three high quality select-service assets in strong Mid-Atlantic and Northeast markets," remarked managing partner Shoham Amin. "These three hotels represent great additions to our portfolio and align with our company's investment strategy of acquiring premium-branded select-service assets in high barrier-to-entry urban and secondary markets."
In 2018, Excel Group acquired six investments totaling over $150 million in capitalization.
For more information, please contact Shoham Amin, Managing Partner of Excel Group at [email protected].
ABOUT EXCEL GROUP: Excel Group is a Washington, D.C.-based private equity firm that owns, develops, and asset manages hotels in markets across the U.S. Excel Group is focused on disciplined, cycle-appropriate hotel real estate acquisitions and asset management.
SOURCE Excel Group
Related Links
WANT YOUR COMPANY'S NEWS FEATURED ON PRNEWSWIRE.COM?
Newsrooms &
Influencers
Digital Media
Outlets
Journalists
Opted In
Share this article