Washington DC-based real estate investment firm Excel Group has announced its recent acquisition of three hotels - the 151-room Hyatt Place Dulles Herndon-East in Herndon, VA; the 161-room Hampton Inn Long Island Brookhaven in Farmingville, NY; and the 101-room Hampton Inn & Suites Providence-Smithfield in Smithfield, RI.
We are excited to acquire these three high quality select-service assets in strong Mid-Atlantic and Northeast markets," remarked managing partner Shoham Amin. "These three hotels represent great additions to our portfolio and align with our company's investment strategy of acquiring premium-branded select-service assets in high barrier-to-entry urban and secondary markets."In 2018, Excel Group acquired six investments totaling over $150 million in capitalization.
Excel Group is a Washington, D.C.-based private equity firm that owns, develops, and asset manages hotels in markets across the U.S. Excel Group is focused on disciplined, cycle-appropriate hotel real estate acquisitions and asset management.