Date: September 2018
Locations: Nashville, Tennessee, Phoenix, Arizona, Broomfield, Denver, USA
Names: Hilton Garden Inn and the Hampton Inn in Nashville, the Hyatt Place Phoenix North and the Aloft Broomfield Denver.
No. of Keys: 461
Buyer: Real Hospitality Group and Aspect Investment Partners Ltd. last week announced the acquisition of four hotels to their growing portfolio.
The four hotels will be managed by RHG.
Ben Seidel, President and Chief Executive Officer of Real Hospitality Group, said, “We are excited about our partnership with Aspect and believe that these four properties in these key locations are aligned with our strategic growth plan to acquire institutional grade hotel properties in dynamic markets as we continue to expand our footprint across the country.”
The current joint venture represents part of Aspect’s third hospitality investment platform. Aspect, through its three platforms, owns 19 hotels in 16 cities.
Mohamed Seif El Nasr Co-Founder and Managing Director of Aspect Investment Partners Ltd. of Dubai, said, “This deal marks a milestone in our firm’s evolution as we expand our reach in the hospitality sector with well aligned and high-quality operating partners like RHG.”
Aspect Investment Partners (DIFC) Ltd is a global investment advisory firm focused on three complementary tracks namely, Real Estate, Liquid Markets and Private Equity.
The firm was founded by a group of professionals who have over 50 years of diversified experience in conventional as well as alternative investment strategies amongst them, and who have worked together for over 20 years during which they invested over US$ 20 billion across various asset classes in the USA, Europe, MENA, and Asia.
Ocean City, Maryland-based Real Hospitality Group (RHG), with offices in New York City and Ft. Lauderdale, is a full-service hotel management company. Real Hospitality Group has grown to become one of the top 16 U.S. hotel operating companies. RHG portfolio includes over 106 hotels open and in development in 16 US States.
The company is a recognised service provider for leading brands including Marriott International, Hilton Hotels & Resorts, Hyatt Hotels Corporation, InterContinental Hotels Group PLC, Choice Hotels International, Inc., Wyndham Hotels and Resorts and Red Lion Hotels Corporation as well as a growing portfolio of independent luxury boutique hotels including the MADE, the Boro Hotel and Hotel Americano in New York City and Ruschmeyers in Montauk, NY.
RHG focuses on comprehensive development management services, revenue performance, guest experience and business development for hotels, resorts and investment ownership groups.
THPT Comment: Great continued growth for RHG and Aspect.
First Seen: Hotel News Resource