In a value-add portfolio assemblage, Excel Group acquired under-performing assets in a high barrier market, maximizing value through strong asset management and separation of investment into individual parts.
2 HOTELS | 278 KEYS
Excel conducted extensive due diligence prior to auction to fully identify value and be awarded deal
Purchased all assets at hotel cap rate, refinanced hotel for $26M with 300bps interest rate decrease; developed new 124-key hotel in high barrier market.
Implemented leaner staffing model, active revenue management and executed $1.5M renovation
Courtyard, Smokey Bones, Red Lobster