Excel Group Purchases 96-Key Residence Inn in Wilmington, DE
This will be the first new hotel in downtown Wilmington in over 20 years.
WILMINGTON, 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.