NEW YORK--(BUSINESS WIRE)--Acquire Real Estate, a premier real estate crowd investing platform, recently closed its crowd investing fund for the DoubleTree by Hilton DFW Airport, a 282-room, 8-story hotel located adjacent to Dallas-Fort Worth Airport.
The project attracted investors from across the country that contributed between $5,000 and $75,000 in investments.
Acquire Real Estate provided $262,500 in funding for the hotel, which is located in one of the nation’s strongest-performing economies. Investors are projected to receive average annual returns above 20% paid quarterly over a 7- to 10-year term. Funding for the crowd investment closed quickly, with many investors turning to real estate in the wake of recent stock market volatility.
“We’re seeing growing demand from our investors for high-quality hotel opportunities in strong-performing markets,” said Steven Bettinger, CEO of Acquire Real Estate. “With its excellent location and positive cash flow, the DoubleTree by Hilton was a natural fit for the Acquire platform.”
The property is located less than two miles from DFW Airport near a number of top employers including Verizon, AT&T and Microsoft. Hotel amenities include 17,000 square feet of function space, a full-service business center and airport shuttle services. The property was purchased in January 2015 by The Buccini/Pollin Group for an undisclosed amount.
According to PKF Hospitality Research (PKF-HR), today’s hotel room rates have surpassed pre-recession levels. PKF-HR predicts that U.S. hotels will continue to enjoy above-average RevPAR (revenue per available room) growth through 2018, with hotels located in airport and suburban areas realizing the strongest gains.
Acquire’s platform features a collection of income-producing properties from top national sponsors; as a true crowd investing platform, all of Acquire’s properties are first pre-screened and then pre-funded by Acquire. By pre-funding its share of deals with its own capital, Acquire eliminates funding risk to its Sponsors and ensures all parties’ interests remain aligned.
To learn more, visit www.AcquireRealEstate.com.
Acquire Real Estate provides public access to the real estate private placement business, bringing institutional-quality deals to the accredited investor. The New York firm uses its expertise and vast knowledge of the space to pool investors and offer them access to quality commercial real estate deals. Visit www.acquirerealestate.com.