Residence InnWILMINGTON, DE—Excel Group has announced its recent acquisition of the 96-key Residence Inn Wilmington Downtown.
The first new hotel in downtown Wilmington in over 20 years, this purchase represents the fourth transaction for Excel Group this year, representing a total transaction volume of over $100 million.
Excel Group is a Washington, D.C.-based private equity firm that owns, develops, and asset manages hotels across the Eastern U.S.
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