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| Charlie Muller |
IRVING, TX, Aug. 22, 2016—Officials of Solid Rock Group,
an investment and advisory firm focused on the hospitality, healthcare and
media sectors, today announced that it successfully led the acquisition, in
separate transactions, of the 122-room Anza
boutique hotel and the 128-room Courtyard
Atlanta Airport West on behalf of a private investment group for an
undisclosed sum.
Solid Rock also has been retained to provide
on-going advisory and asset management services for the two properties on
behalf of ownership. The deals were
brokered by Eastdil Secured, LLC, and Hunter Hotel Advisors, respectively.
“Our institutional
investors, high net worth family offices and sovereign fund clients are seeking
highly experienced advisors in this phase of the hotel real estate cycle,” said
Charlie Muller, who recently joined
Solid Rock as a principal and managing director of its Dallas office.
“While the outlook for the hotel industry
remains positive over the next few years, there are a number of unknowns, such
as moderating RevPAR growth, BREXIT and the upcoming presidential election,
that can impact investor sentiment of the industry. Investors seek acquisition candidates that
have strong upside, as well as the ability to withstand an economic downturn.
“As a result, we have seen
a significant uptick in the need for acquisition and asset management advisory
services.
For a complete copy of the company’s news release,
please contact:
CHRIS DALY
PRESIDENT
DALY GRAY PUBLIC
RELATIONS, INC.
620 Herndon Parkway, Suite
115 | Herndon, VA 20170
Main: 703-435-6293
Mobile: 703-864-5553
chris@dalygray.com | www.dalygray.com
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