Excel Group Acquires Courtyard by Marriott Springfield in Springfield, VA
This transaction marks the firm’s seventh major acquisition over the past twelve months.
SPRINGFIELD, VA – Excel Group has recently acquired the Courtyard by Marriott Springfield in Springfield, VA. The newly renovated hotel consists of 191 rooms and is located 13 miles away from downtown Washington DC. The firm seized the opportunity to acquire the premium-brand hotel, which sits in a high-growth DC metro submarket, near Fort Belvoir and the new 625,000-square-foot TSA Headquarters opening near year.
This marks Excel Group’s seventh major acquisition over the past year, totaling a transaction volume of more than $170 million.
Excel Group Investor Relations is an Arlington, VA-based private equity and real estate investment firm that specializes in owning, developing and asset managing select-service hotels in high-growth markets across the Eastern US.