TAMPA, FL—Excel Group is betting big on Florida hotels. The company just acquired a portfolio of three select service hotels in Central Florida.
The three institutional quality hotels include: the 128-room Hyatt Place in Lake Mary, FL; the 83-room Hilton Garden Inn Oldsmar in Tampa, FL; and the 110-room Hampton Inn and Suites Oldsmar in Tampa, FL.
“This portfolio further marks the extension of our growth while adhering to a disciplined strategy of acquiring well located, under-performing assets at a discounted basis,” says Shoham Amin, managing partner of Excel. The firm's executives see strong upside potential at a significant discount to replacement cost.
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