Urban Commons Purchases 254-room Ramada Hialeah Miami Airport Hotel in Florida
LOS ANGELES - July 2, 2014 - Urban Commons, LLC announces today the purchase of the 254-room Ramada Hialeah Miami Airport Hotel. The Ramada Hialeah, a Wyndham Worldwide hotel, is a full service hotel situated approximately 7 miles from the Miami International Airport (MIA) in the heart of South Florida's Shopping District, which is home to many shopping venues as the Westland Mall, Opa-Locka Flea Market, Palm Spring Mile, International Mall and Dolphin Mall. The city of Hialeah is located in the greater Miami area and lies 13 miles from South Beach, where the trendiest beaches, hottest club scene, unique boutiques and upscale dining resides. Recently renovated in 2012, the Ramada Hialeah features an outdoor pool, fitness center, gift shop, game room, an Internet Kiosk, and over 4,000 square feet of flexible meeting space complete with catering and built out with state-of-the-art audio visual equipment.
Over the last several years Urban Commons has completed a large number of commercial property acquisitions. Urban's hotel acquisition over that period totaled over $300 Million in asset value. With top management in place, the Company has been able to seamlessly take over hotels and quickly generate value by adding directly to their bottom line. Urban targets value-add opportunities where they see the greatest growth potential and upside opportunity for returns. With their success, Urban Commons continues to aggressively grow its portfolio in the hospitality sector.
About Urban Commons
Urban Commons, a Los Angeles-based real estate investment firm, specializes in hospitality and residential income generating assets. Urban Commons targets value-add property acquisitions in highly populated, predictable markets. With decades of cumulative real estate, development, and management experience, the Company has a proven ability to thrive in the US real estate market throughout all market cycles. Urban Commons owns, manages and invests in a variety of assets including land, apartment buildings, condominium projects, hotels, retail and commercial properties. Hospitality partners include names such as, Starwood Hotels and Resorts Worldwide, Hilton Worldwide, InterContinental Hotels Group, and Wyndham Worldwide. For further information about Urban Commons, please visit www.urban-commons.com.
Marriott International, Inc. (NASDAQ: MAR) is a global leading lodging company based in Bethesda,Maryland, USA, with more than 4,200 properties in 80 countries and territories. Marriott International reported revenues of nearly $14 billion in fiscal year 2014. The company operates and franchises hotels and licenses vacation ownership resorts under 19 brands, including: The Ritz-Carlton®, BVlgari®, EDITION®, JW Marriott®, Autograph Collection® Hotels, Renaissance® Hotels, Marriott Hotels®, Delta Hotels and Resorts®, Marriott Executive Apartments®, Marriott Vacation Club®, Gaylord Hotels®, AC Hotels by Marriott®, Courtyard®, Residence Inn®, SpringHill Suites®, Fairfield Inn & Suites®, TownePlace Suites®, Protea Hotels® and MoxyHotels®. Marriott has been consistently recognized as a top employer and for its superior business ethics. The company also manages the award-winning guest loyalty program, Marriott Rewards® and The Ritz-Carlton Rewards® program, which together surpass 50 million members. For more information or reservations, please visit our website at 
