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| 104-room Hampton Inn & Suites Fort Lauderdale-Airport, Fort Lauderdale, FL |
BEVERLY, MA, Dec.
10, 2013—Capital Hotel Management (CHM), a leading hotel asset management and
investment advisory firm, today announced that it has been retained to provide
asset management services for three, focused-service hotels located in Florida:
1.
the 104-room Hampton Inn & Suites Ft. Lauderdale-Airport,
2.
the 127-room Hampton Inn Miami-Airport West and
3.
the 122-room Hilton Garden Inn Orlando East/UCF Area.
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| 127-room Hampton Inn Miami-Airport West |
The first two hotels
are owned by The Lightstone Group, and the latter is owned by AVP Advisors,
Inc.
“While CHM historically has been known for its expertise in
the full-service segment, we also have an extensive background in
focused-service hotels, ranging from sourcing transactions to developing the
most effective strategies for enhancing value,” noted Chad Crandell,
president of CHM.
“Much of the upside we are able to uncover in today’s market
comes from revenue management, operator selection, managing brand expenses and
ensuring PIPs (capital improvements) yield a return.
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| 122-room Hilton Garden Inn Orlando East/UCF Area |
“For these particular hotels, CHM participated in the due
diligence and underwriting efforts on behalf of both ownership groups.
“We reviewed the assets, assessed the markets, established
optimal strategies and now are overseeing operations to help ensure investment
returns are met.
“CHM’s current asset management portfolio is comprised of
approximately 30 individual hotels, of which seven fall into the
focused-service asset category.
“We expect this number to double over the next 12 to 18
months as investors continue to flock to this product and seek expertise to
maximize profit potential and investment returns.”
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| Chad Crandell |
Conveniently located at Fort Lauderdale/Hollywood
International Airport (FLL), the Hampton Inn & Suites Ft.
Lauderdale-Airport has been awarded a TripAdvisor Certificate of Excellence
Award for the past two years.
Hotel
amenities include a full-service business center, meeting room, fitness room,
outdoor pool and complimentary breakfast bar.
Minutes from Miami International Airport and the Dolphin
Mall, a large and exciting shopping and entertainment outlet in Miami, the
Hampton Inn Miami-Airport West is situated near downtown Miami and the
beach.
In addition to complimentary
shuttle service to and from Miami International airport, the hotel also
provides 896 square feet of meeting/events space for up to 50 guests, a fitness
center and free, daily breakfast.
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| Miami International Airport |
“The company has been an invaluable liaison between The Lightstone Group and the brands, making the process that much more manageable for all parties involved.”
For a complete copy of the company’s news release, please
contact:
Jerry Daly
(703) 435-6293
Chris Daly
President
Daly Gray, Inc.
Ph: 703-435-6293
Cell: 703-864-5553
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