Excel Group

Hilton Garden Inn Fort Myers

In a value-add single transaction, Excel Group successfully transformed an REO Auction Property into a top performing asset, achieving significant returns through sophisticated asset management and strategic financing.

 

FORT MYERS, FL

1 HOTEL | 126 KEYS 

46.0%

Levered IRR

4.33X

Equity Multiple

83.0%

RevPAR Growth

415% 

NOI Growth


REO AUCTION 

Excel conducted extensive due diligence prior to auction to fully identify value and be awarded deal

Refinanced hotel in under 2 years, pulling out 100% of equity

Accretive Financing

Increased corporate business and lowered OTA reliance; executed $2.85M renovation to drive rate

Aggressive
MANAGEMENT


Investment Date
Hold Period

Hotel Brands
Deal Status

Sourcing
Seller Type
Exit Buyer Type

March 2013
5 Years
Hilton Garden Inn
Current
Off-Market
Special Servicer/REO
REIT/Institutional Buyer