Sunday, September 2, 2012

Liberty Group continues to seek management engagements, opportunistic hotel acquisitions, and senior




TAMPA, FLORIDA: August 15,2012 Liberty Group  is pleased to announce cheap car rental in houston that it has acquired the Hampton Inn Suites by Hilton in Tampa, Florida. The purchase marks Liberty s 18th hotel acquisition throughout the United States cheap car rental in houston since 2010.
Built in 2005, the hotel is strategically located on Interstate 4 between Tampa and Orlando, and adjacent cheap car rental in houston to the Hard Rock Hotel Casino and the Florida State Fairgrounds Amphitheatre . The Hard Rock Hotel Casino was recently named as the 4th largest casino in the United States and 6th largest casino in the world, with additional expansion planned cheap car rental in houston in the near future.
This hotel perfectly compliments our growing portfolio , and we have strategically acquired the hotel immediately prior to the Republican National Convention to capture the additional cheap car rental in houston revenue during this event. Long-term, we anticipate creating tremendous value through our great relationship with Hilton Hotels , increasing RevPar Net Operating Income through capital improvements and operational efficiencies, and continued cap rate compression,  said Punit R. Shah , President Chief Operating Officer of the Liberty Group. The hotel will be managed by Liberty Hospitality Management , an affiliated-entity of the Liberty Group.
Prior to Liberty Group s acquisition, the Hotel was most recently sold in 2008 for $8.5m, and subsequently foreclosed upon by its senior lender cheap car rental in houston Bank of America/Morgan Stanley and its special servicer, CIII Asset Management in 2011. Atlanta-based Jones Lang LaSalle Hotels brokered the transaction between Liberty Group and CIII Asset Management.
Established over three decades ago by Raxit N. Shah and now led by his son Punit R. Shah , the Liberty Group is a full-service, vertically integrated hotel investment, development, and management company that prides itself on its proven entrepreneurial cheap car rental in houston and strategic approach to investment placement. We target our investments to maximize asset performance through clear and concise investment goals.
Our proactive, integrated approach of continually assessing each investment with regard to its performance, market position, current value, and capital structure allows us to monitor the market and optimize returns.
Liberty Group continues to seek management engagements, opportunistic hotel acquisitions, and senior mortgage positions meeting our investment  criteria . For more information on the Liberty Group or its platforms, please contact us at 727-866-7999 or visit our website at LibertyG.com

No comments:

Post a Comment