1. Latest News
  2. Submit Press Release
  1. PR Home
  2. Latest News
  3. Feeds
  4. Alerts
  5. Submit Free Press Release
  6. Journalist Account
  7. PRNewswire Distribution

Liberty Group Closes Hotel Investment Fund


 
 
Punit_R_Shah_Headshot2_ps
Punit_R_Shah_Headshot2_ps
PRLog - Feb. 9, 2014 - TAMPA, Fla. -- TAMPA, Florida: February 8, 2014 - Liberty Group (http://www.libertyg.com/) is proud to announce the final closing of its first private equity real estate fund dedicated to the acquisition of upper mid-scale hotels.

Liberty Hospitality Fund I, LLC was fully capitalized in February 2014, and will deploy $75,000,000 in total capital towards hotel acquisitions over the next three years.

Liberty Group's most recent acquisition of the Holiday Inn Express & Suites in Bonita Springs, Florida represents its 24th acquisition since 2010, and its second investment through Liberty Hospitality Fund I.

Liberty acquired the 108-room hotel in February 2014 through an off-market transaction directly with the Seller for significantly less than replacement cost, and intends to invest in renovations to reposition the asset in mid 2014.

"Access to capital has provided us a distinct advantage in acquiring hotels since we can offer a quick and certain close, something that few buyers can match," said Punit Shah, President & Chief Operating Officer of the Liberty Group. "Liberty Hospitality Fund I allows us to continue expanding our hotel portfolio and creating operational efficiencies that add value to each of our investments."

ABOUT LIBERTY HOSPITALITY FUND I

Liberty Hospitality Fund I, LLC closed in February 2014 and will deploy  $75,000,000 in total capital with a disciplined focus on branded upper mid-scale hotels throughout the Southeastern United States. Liberty Group's principals significantly co-invested in the Fund to ensure an alignment of interests and to create performance-based incentives.  The Fund will act as Liberty's exclusive hotel investment vehicle during its investment period of three years.

ABOUT THE LIBERTY GROUP

Established over three decades ago, Liberty Group is a vertically integrated hotel investment, development, and management company that prides itself on its proven entrepreneurial and strategic approach to investment placement. Liberty's proactive, integrated approach of continually assessing each investment with regard to its performance, market position, current value, and capital structure allows us to monitor the market and optimize returns. With over $300,000,000 in investments across the United States, Liberty Group demonstrates a proven track record behind successful real estate investment and management.

Media Contact
Matthew Ram
8132802000
mram@libertyg.com

Photo:
http://www.prlog.org/12280223/1

--- End ---

Click to Share

Contact Email:
***@libertyg.com
Source:Liberty Group
City/Town:Tampa - Florida - United States
Industry:Real Estate
Tags:Hotel, private equity, hospitality, fund, Liberty Group
Shortcut:prlog.org/12280223
Disclaimer:   Issuers of the press releases are solely responsible for the content of their press releases. PRLog can't be held liable for the content posted by others.   Report Abuse

Latest Press Releases By “

More...

Trending News...



  1. SiteMap
  2. Privacy Policy
  3. Terms of Service
  4. Copyright Notice
  5. About
  6. Advertise
Like PRLog?
9K2K1K
Click to Share