Excel Group Acquires Hampton Inn & Suites and Residence Inn Fort Lauderdale Coconut Creek Hotels
Excel Group, an Arlington, Virginia-based private equity firm that owns, develops, and invests in hotels throughout the United States, announced that it has acquired the Hampton Inn & Suites Coconut Creek ("Hampton Inn") and Residence Inn Fort Lauderdale Coconut Creek ("Residence Inn") hotels in Broward County, Florida. The acquisitions of these properties are Excel's first in South Florida in several years and are investments of Excel Fund I.
Opened in 2014 and 2019, respectively, the Hampton Inn and Residence Inn both feature 105 guest rooms and over 1,000 square feet of meeting spaces, as well as outdoor pools, fitness centers, and communal amenity areas. Both hotels are strategically located in the vicinity of key demand drivers in Coconut Creek, including two major medical centers, significant corporate and industrial space, leading sports facilities, and other leisure assets, including the Seminole Casino with a 3,000-seat concert and entertainment venue. The Hampton Inn just completed a comprehensive renovation that incorporated all new guestroom and public area furnishings and design.
"We are excited to acquire the Hampton Inn and Residence Inn hotels in Coconut Creek, both of which are high-quality assets within top-performing select-service brands," said Shoham Amin, Founder and Principal of Excel Group. "These two transactions reflect the attractive opportunity to acquire hospitality assets in the South Florida market, with its robust tourism, business and healthcare sectors."
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 
