Excel Group has acquired 221-room Homewood Suites & Hilton Garden Inn Jacksonville Downtown. No financial terms were disclosed.
PRESS RELEASE
ARLINGTON, Va.–(BUSINESS WIRE)–Excel Group, an Arlington, VA-based real estate investment firm, has announced its recent acquisition of the 221-room dual-brand Homewood Suites & Hilton Garden Inn Jacksonville Downtown.
“The Homewood Suites and Hilton Garden Inn Jacksonville Downtown are a great addition to our list of 2021 acquisitions as we continue to further expand into high growth and high-barrier-to-entry markets,” remarked founder Shoham Amin. “These hotels are situated within a market in the early stages of substantial growth with nearly $4 billion of new development underway in downtown Jacksonville.”
These two assets cap off a year of strong growth for Excel Group which purchased seven hotels in 2021.
ABOUT EXCEL: Excel Group is an Arlington, VA.-based real estate private equity firm that owns hotels across the US.
If you do not receive this within five minutes, please try and sign in again. If the problem persists, please
email: subscriptions@peimedia.com.