Excel Group Acquires Hampton Inn & Suites Coconut Creek and Residence Inn Fort Lauderdale Coconut Creek Hotels

Acquisitions of Broward County hotel assets reflect growing opportunity in region with robust medical, industrial, tourism and entertainment demand

ARLINGTON, Va.--(BUSINESS WIRE)--Excel Group (“Excel”), an Arlington, Virginia-based private equity firm that owns, develops, and invests in hotels throughout the United States, today 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.”

About Excel Group

Founded in 2011, Excel Group is an Arlington, VA-based private equity firm that owns, develops, invests in and asset manages hotels in markets across the U.S. Excel Group is focused on disciplined, cycle-appropriate hotel real estate investments and asset management. For more information, please visit www.excelgp.com