Friday, April 13, 2018

Investra Capital Group Ltd and Hospitality Ventures Management Group (HVMG) Complete Joint Venture Acquisition of 12 Hotel Portfolio

Mobeen Jassat
ATLANTA, GA —Hospitality Ventures Management Group (HVMG), an Atlanta-based, private hotel investment, ownership and management company, in conjunction with Investra Capital Group Ltd through its subsidiary Investra Capital Inc, a private equity real estate investor and asset manager, announced the completed joint venture acquisition of a 12-hotel portfolio totaling 1,465 rooms comprised of Marriott- and Hyatt-branded hotels across the Southeastern, Southwestern and Midwestern United States.  HVMG also will operate the entire portfolio.

“As we grow our footprint into the U.S., our acquisition philosophy aligns with HVMG’s, as we both remain focused on assets in strong secondary and tertiary markets flanked by strong corporate, government, healthcare and university demand generators,” said Mobeen Jassat, Investra Capital Inc, CEO. 

 “With their successful industry track record in maximizing asset value and seasoned acquisition and operation expertise, we are confident HVMG will act as the ideal stewards of these hotels as they quickly achieve improved performance as the respective segment leaders in each sub-market.”

Zaid Randeree
“The acquisition of these 12 assets brings Investra’s portfolio to a total of 20 hospitality assets across the U.S. since its initial acquisition in 2014,” said Zaid Randeree, Investra Capital Group Limited, CEO. 

“This also is in line with Investra’s strategy of steady, focused acquisition and growth of assets in the select service hospitality sector across the USA.”
“In the first few months of 2018, HVMG has added 16 hotels totaling 2,611 rooms to its portfolio of full- and select-service and extended-stay hotels across the United States, putting us on track for an historic growth year,” said Robert S. Cole, president and CEO, HVMG. 

Robert S. Cole

“We continue to seek best-in-class partners like Investra as we selectively target hotels that can benefit from repositioning and/or capital improvements located in top tier markets.  Our goal remains to be the most sought-after operator, employer and trusted partner in the hospitality industry.”

The hotels include:

Room Count
Courtyard Atlanta Marietta I-75 North
Marietta, Ga.
Courtyard Atlanta Norcross Peachtree Corners
Norcross, Ga.
Courtyard Atlanta Marietta Windy Hill/Ballpark
Atlanta, Ga.
Courtyard Austin University
Austin, Texas
Fairfield Inn & Suites Austin University
Austin, Texas
Courtyard Dallas Addison Midway
Addison, Texas
Hyatt House Dallas Richardson
Richardson, Texas
Courtyard Grand Rapids Airport
Grand Rapids, Mich.
Courtyard Detroit Southfield
Southfield, Mich.
Fairfield Inn & Suites Indianapolis Airport
Indianapolis, Ind.
Residence Inn Indianapolis Airport
Indianapolis, Ind.
Courtyard Cleveland Beachwood
Beachwood, Ohio

“With these additional 12 assets, our portfolio now contains a combined total of 25 Marriott- and Hyatt-flagged hotels across the United States,” Cole noted.  “We are very familiar with each of these brands, as well as the unique demands of each of the regions and traveler types, allowing us to improve bottom lines and guest satisfaction scores expeditiously.”

 For more information, please contact:

620 Herndon Parkway, Suite 115 | Herndon, VA 20170
Main: 703-435-6293
Mobile: 703-864-5553

NAI Realvest Brokers New Leases at Orlando-Sanford International Airport totaling 20,937 SF of Industrial Space

Orlando-Sanford International Airport, Sanford, FL
Paul Partyka
Orlando /Sanford, FL --- NAI Realvest recently closed on two new long-term leases for a total of  20,937 rentable square feet of industrial space at Orlando-Sanford International Airport in Sanford. 
NAI Realvest Partner Paul P. Partyka, CCIM, MICP and Land Specialist and Associate Rachel Saunders, MBA represented landlord Sanford Airport Authority in both transactions.     

International engineering and construction company GLF Construction leased the 19,437 square foot industrial facility at 650 29thSt. at Carrier Ave.   GLF specializes in heavy civil and marine works, major bridge structures and historical renovation.   

Rachel Saunders
Partyka and Saunders also completed a lease agreement on behalf of the SAA for Suite 515-5 with 1,500 square feet at 2824 S. Mellonville Ave.  Davis Customs, a family-owned metal repair shop specializing in restoration and fabrication is the new tenant.  

 For more information, please contact:

Larry Vershel or Beth Payan, Larry Vershel Communications