Excel Group

Sarasota Airport Portfolio

 Unlocking the value of the land, Excel Group executed a multi-pronged investment strategy, including portfolio aggregation and new development, to deliver outsized returns.

 

SARASOTA, FL

3 HOTELS | 345 KEYS

58.0%

Levered IRR

3.97X

Equity Multiple

38.7%

RevPAR Growth

75.2% 

NOI Growth


SAVVY NEGOTIATION

Acquired off market at $1M discount to prior contract with buyer who could not execute

Refinanced hotels in under two years, pulling out 100% of equity

ACCRETIVE FINANCING 

Developed new hotel on adjacent parcel in high barrier-to-entry market at zero land basis

DEVELOPMENT OPTIONALITY


Investment Date
Hold Period

Hotel Brands
Deal Status

Sourcing
Seller Type

October 2013
5 Years
Hilton Garden Inn, Hampton Inn, Home2Suites
Current
Off-Market
Institutional