In a value-add portfolio assemblage, Excel Group aggregated an institutional-grade hotel portfolio through three complex off-market transactions, selling to leading institutional buyer at significant premium to basis.
TAMPA & ORLANDO, FL
4 HOTELS | 469 KEYS
Deal could not be executed by institutional buyer due to deal complexity and unsophisticated ownership.
Executed strategic renovations to maximize operating performance and reaffirm market leader positioning.
Selected Tampa as target market recognizing market's growth potential before institutional investors.
Exit Buyer Type
Hilton Garden Inn (2), Hampton Inn (1), Hyatt Place (1)