Excel Group Acquires 200-Room Hyatt Place Washington DC / US Capitol

ARLINGTON, VA. August 16, 2017 - Washington DC-based real estate investment firm Excel Group has announced its recent acquisition of the Hyatt Place Washington DC / US Capitol, a 14-story, 200-room hotel, which opened in June 2014.

The newly-constructed property sits squarely in the center of DC's burgeoning NoMa neighborhood, a 35-block district of Northeast Washington. Well-funded by private developers, NoMa is a rapidly transforming area that will see an additional 20 million square feet of new office, residential, hospitality and retail development over the coming years. Referred to as the city's "most connected" area, NoMa is highly accessible, with Amtrak, Virginia Railway Express (VRE), MARC, two Red Line Metro stops, seven Capital Bikeshare locations, and I-395 access.

"It's an exciting time to be in NoMa, and we're thrilled to announce this acquisition," remarked managing partner Shoham Amin. "As an early stakeholder in this up-and-coming area of Washington, we're very confident in the local market's outlook, and look forward to the continued commercial and residential growth coming to the neighborhood."

Hyatt Place will be Excel's closest acquisition in proximity to its headquarters —a significant move as the firm continues to expand its footprint. With a current portfolio of 17 properties, Excel Group is among the fastest-growing real estate companies in the nation, most recently ranked third by Inc Magazine in 2016.

For more information, please contact Shoham Amin, Managing Partner of Excel Group at shoham.amin@excelgp.com.

About Excel

Excel Group is a Washington, D.C.-based private equity firm that owns, develops, and asset manages hotels in high-growth markets across the Eastern U.S. Excel Group is focused on disciplined, cycle-appropriate hotel real estate acquisitions and asset management.

About Hyatt Place Washington DC/US Capitol

With over 200 rooms and an ideal location in DC's vibrant NoMa neighborhood, the 14-story Hyatt Place Washington DC/US Capitol is a contemporary hotel offering style and comfort to travelers visiting the nation's capital. Rejuvenate with KenetMD bath essentials and sleep soundly on a Hyatt Grand Bed. Free hotel-wide Wi-Fi, free hot breakfast, 24-hour gym and indoor pool make your stay more comfortable. Hyatt Place also features 1600 square feet of meeting space for small meetings or large events.


Related News

Coming up in March 2018...

Human Resources: Value Creation

Businesses must evolve to stay competitive and this is also true of employment positions within those organizations. In the hotel industry, for example, the role that HR professionals perform continues to broaden and expand. Today, they are generally responsible for five key areas - government compliance; payroll and benefits; employee acquisition and retention; training and development; and organizational structure and culture. In this enlarged capacity, HR professionals are no longer seen as part of an administrative cost center, but rather as a member of the leadership team that creates strategic value within their organization. HR professionals help to define company policies and plans; enact and enforce systems of accountability; and utilize definable metrics to measure and justify outcomes. Of course, there are always new issues for HR professionals to address. Though seemingly safe for the moment, will the Affordable Care Act ultimately be repealed and replaced and, if so, what will the ramifications be? There are issues pertaining to Millennials in the workforce and women in leadership roles, as well as determining the appropriate use of social media within the organization. There are new onboarding processes and e-learning training platforms to evaluate, in addition to keeping abreast of political issues like the minimum wage hike movement, or the re-evaluation of overtime rules. Finally, there are genuine immigration and deportation issues that affect HR professionals, especially if they are located in Dreamer Cities, or employ a workforce that could be adversely impacted by federal government policies. The March Hotel Business Review will take a look at some of the issues, strategies and techniques that HR professionals are employing to create and sustain value in their organization.