Solid Rock Group Leads Acquisition of Two Hotels

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