Electra America is stretching beyond the residential sector to team up with AKA to launch an opportunistic hotel investment fund focused on distressed assets in urban gateway markets.
Electra America, a platform specializing in the multifamily and residential sectors, and AKA, a leader in luxury hotel residences, have partnered to form Electra America Hospitality Group (EAHG). The fund is in the process of raising $500 million in capital from investors for the acquisition of independent hotels in major gateway markets.
Russ Urban will serve as CEO of the new venture. Over four decades, Urban has served in leadership positions at High Hotels, Destination Hotels & Resorts, HEI Hotels & Resorts and Marriott International.
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Leslie Shaver
Les Shaver has been covering commercial and residential real estate for almost 20 years. His work has appeared in Multifamily Executive, Builder, units, Arlington Magazine in addition to GlobeSt.com and Real Estate Forum.
