JACKSONVILLE, FL – Arlington, VA-based, real estate investment firm Excel Group has acquired the dual-brand Homewood Suites & Hilton Garden Inn Jacksonville Downtown in Jacksonville, FL.
The two assets total 221 rooms.
Excel Group achieved strong growth in 2021 with the purchase of seven hotels, including these two recently acquired assets.
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"The Homewood Suites and Hilton Garden Inn Jacksonville Downtown are a great addition to our list of 2021 acquisitions as we continue to further expand into high growth and high-barrier-to-entry markets," states Shoham Amin, founder of Excel Group. "These hotels are situated within a market in the early stages of substantial growth with nearly $4 billion of new development underway in downtown Jacksonville."
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Ingrid Tunberg sits on the editorial team as a coordinator and reporter for Real Estate Forum and GlobeSt.com. She is responsible for writing stories, assisting with industry awards and marketing nomination events. Previously, Ingrid worked as a copywriter across various industries throughout New York City and Chicago.
