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Hampton Inn & Suites Coconut Creek – Image Credit Hilton
Excel Group has acquired the Hampton Inn & Suites and Residence Inn in Coconut Creek, Florida, marking its first investments in South Florida in several years.
Excel Group, a private equity firm based in Arlington, Virginia, has completed the acquisition of two hotel properties in Coconut Creek, Florida. The properties, Hampton Inn & Suites Coconut Creek and Residence Inn Fort Lauderdale Coconut Creek, are located in Broward County. These acquisitions are part of Excel Fund I’s investment strategy.
The Hampton Inn & Suites, which opened in 2014, and the Residence Inn, which began operations in 2019, each offer 105 guest rooms. Both hotels feature over 1,000 square feet of meeting space, outdoor pools, fitness centers, and communal areas. The Hampton Inn recently underwent a comprehensive renovation, updating its guestrooms and public area furnishings and design.
The hotels are situated near several key demand drivers in Coconut Creek, including two major medical centers, corporate and industrial spaces, sports facilities, and leisure attractions such as the Seminole Casino, which includes a 3,000-seat concert and entertainment venue.
Excel Group’s acquisition reflects the firm’s interest in capitalizing on the robust tourism, business, and healthcare sectors in South Florida.
Excel Group, established in 2011, focuses on hotel real estate investments and asset management across the United States. The firm aims to make disciplined, cycle-appropriate investments in the hospitality sector.
