Excel Group announces purchase of Hampton Inn & Suites in Smithfield

Hampton Inn & Suites Providence-Smithfield - Smithfield, RI

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Washington DC-based real estate investment firm Excel Group announced today its recent acquisition of the 101-room Hampton Inn & Suites Providence-Smithfield in Smithfield, as well as two other hotels – the 151-room Hyatt Place Dulles Herndon-East in Herndon, VA and the 161-room Hampton Inn Long Island Brookhaven in Farmingville, NY.

“We are excited to acquire these three high quality select-service assets in strong Mid-Atlantic and Northeast markets,” remarked managing partner Shoham Amin in a prepared statement. “These three hotels represent great additions to our portfolio and align with our company’s investment strategy of acquiring premium-branded select-service assets in high barrier-to-entry urban and secondary markets.”

In 2018, Excel Group acquired six investments totaling over $150 million in capitalization.