Palm Beach, FL, December 03, 2013 --(PR.com
)-- Hospitality Funding, LLC has raised equity for the acquisition of the Hilton Garden Inn Orlando East/University of Central Florida. The hotel was acquired by a Joint Venture comprised of Lexington Capital Partners and a US-based hotel asset management company. The property’s management has been transferred to Crescent Hotels & Resorts, a leading third-party operator of hospitality assets in the US and Canada.
Of the company’s recent partnership success, Hospitality Funding’s Chairman Scott Silver said, “Working with Lexington Capital Partners on the acquisition of the Hilton Garden Inn Orlando has been a pleasure. We look forward to continuing to help them build their portfolio of quality hospitality assets.”
When assessing the acquisition, Hospitality Funding and Lexington Capital Partners considered the following:
+The 122-room hotel is ideally located within Orlando’s primary corporate market and adjacent to the University of Central Florida, the 2nd largest university in the US.
+The property features 1,200 square feet of meeting space, a 64-seat restaurant, outdoor swimming pool, fitness center, business center, and convenience mart.
About Hospitality Funding LLC: Hospitality Funding is a boutique investment advisory firm focused on raising equity, mezzanine, and debt financing for the acquisition of all types of hospitality assets. Founded in 2006, Hospitality Funding works with superior owner-operators to find capital solutions that fit their specific goals for property acquisitions. For more information, please visit www.hospitalityfunding.com.