TAMPA-Liberty Group reports that its private equity real estate fund, Liberty Hospitality Fund I LLC, has raised $75 million for hotel investments.
The fund was fully capitalized earlier this month, according to the Tampa Bay Business Journal.
"Access to capital has provided us a distinct advantage in acquiring hotels since we can offer a quick and certain close, something that few buyers can match," Punit Shah, president and chief operating officer of Tampa-based Liberty Group, states.
The Liberty Hospitality Fund I LLC has already made two hotel investments. The most recent deal was the purchase of the 108-room Holiday Inn Express & Suites in Bonita Spring in an off-market deal.
The fund will target upper mid-scale hotels throughout the Southeast and is to be the exclusive hotel investment vehicle for Liberty Group for the next three years. See story in the Tampa Bay Business Journal.
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John Jordan
John Jordan is a veteran journalist with 36 years of print and digital media experience.
