Excel Group

Long Island Hotel Portfolio

 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.

 

RONKONKOMA, NY

2 HOTELS | 278 KEYS 

26.8%

Levered IRR

2.59X

Equity Multiple

10.1%

RevPAR Growth

40.5% 

NOI Growth


REO AUCTION 

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.

UNLOCKING VALUE 

Implemented leaner staffing model, active revenue management and executed $1.5M renovation

STRATEGIC
MANAGEMENT


Investment Date
Hold Period

Brands
Deal Status

Sourcing
Seller Type

December 2015
5 Years
Courtyard, Smokey Bones, Red Lobster
Current
Off-Market
Owner-Operator (3)