ARLINGTON, Va.–(BUSINESS WIRE)–Arlington, VA – based real estate investment firm Excel Group recently completed the acquisition of the 150-key Hampton Inn & Suites Yonkers, NY, located 17 miles away from New York City. The asset benefits from a strategic location in the center of a mixed-use complex that includes two major hospitals, medical offices, corporate offices, industrial manufacturing, and retail outlets. The local market has seen significant demand growth over the past 5 years including the development of Lions Gate film studios, which will bring ~1 Million square feet of studio and office space to Yonkers in 2023 (largest TV production studio in the Northeast).
“We are very excited to add another hotel in Westchester County. The local market fits our investment criteria as we search for assets with diverse and stable demand drivers,” remarked founder Shoham Amin. The hotel benefits from a diversified market with material demand driven from healthcare, sports, education, film production, and corporate.
For more information, please contact info@excelgp.com
ABOUT EXCEL: Excel Group is a Washington, DC-based real estate private equity firm that owns and develops hotels across the US. Since 2011 Excel Group has acquired 45 assets, totaling 5,632 rooms.
Contacts
The imaginative, 360° campaign designed to capture the magic of the Gopuff experience debuts during…
ST. HELIER, Jersey--(BUSINESS WIRE)--Metals Acquisition Limited ARBN 671 963 198 (NYSE: MTAL; ASX: MAC), a…
UFC Partners With Magmic and Skillz on Launch/Kicks Off a 2-week Live Tournament April 19th…
- Launched in Q4 2023, Vaunt has reached $500K in annual recurring revenue, and 25,000+…
Three New Games Based on Classic Hasbro Titles Are Set to Launch Exclusively on Nex…
The first U.S.-registered mutual fund to process transactions and record share ownership on a public…
