Excel Group

Tampa & Orlando Portfolio

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

28.3%

Levered IRR

1.74X

Equity Multiple

18.9%

RevPAR Growth

63.1% 

NOI Growth


Limited
Buyer Pool

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. 

Strategic Renovation

Selected Tampa as target market recognizing market's growth potential before institutional investors. 

 Astute
Selection


Investment Date
Hold Period

Hotel Brands
Deal Status

Sourcing
Seller Type
Exit Buyer Type

March 2015
2.4 Years
Hilton Garden Inn (2), Hampton Inn (1), Hyatt Place (1)
Realized
Off-Market
Owner-Operator (3)
REIT/Institutional Buyer