Home
Hotel News
Upcoming BITAC® Events - Request Event Info
Tech & Operations 2014 (May 4 - May 6) 2 Spots Left for Suppliers
Global 2014 (June 8 - June 10) 13 Spots Left for Suppliers
Purchasing & Design East 2014 (July 20 - July 22) 5 Spots Left for Suppliers
  Are you a member? Log In  or  Sign Up
Best Western International
 
Share
Send a summary and link to this article
To Email
Your Name
Your Email
Bot Test
To pass the Bot Test, please type the white text that you see in the gray box. This helps us prevent spammers from abusing the system.
Print Printable Version

Liberty Group of Companies Acquires Two Hotels in Tampa, Florida

Wednesday, February 22, 2012
bookmark this
Bookmark to: Digg Bookmark to: Del.icio.us Bookmark to: Facebook
Bookmark to: Yahoo Bookmark to: Google Bookmark to: Twitter
We are on Twitter
Liberty Group
Liberty Group
Real Estate Investment, Hotel Management

Liberty Group of Companies is pleased to announce that it recently acquired two limited-service hotel assets in Tampa, Florida, as part of its strategy to invest in opportunistic real estate properties that are undervalued and present attractive investment returns. Since 2010, Liberty Group of Companies has acquired and invested in 16 hotels throughout the United States.

Liberty acquired the non-performing senior mortgage secured by the Comfort Suites hotel in Clearwater from C-III Asset Management, LLC as special servicer for Morgan Stanley Mortgage Capital, and entered into a stipulated foreclosure agreement with the Borrower. Built in 2004, the waterfront hotel features open water views of Clearwater Harbor from virtually each room, and was last purchased in 2005 for $4.5m.

Liberty also acquired the fee-simple interest to the Comfort Inn hotel in Plant City from CWCapital Asset Management, LLC as special servicer to U.S. Bank. Built in 2002, the hotel hotel is located directly off I-4 between Tampa and Orlando, and was last purchased in 2006 for $5.6m.

The hotels will be managed by Liberty Hospitality Management, an affiliated award-winning hotel management company based in Tampa Bay, Florida. Both assets will be repositioned through extensive capital improvements, integration of a professional management team, and potential re-branding opportunities.

"Our proven approach to our investments demonstrates our confidence in the hospitality sector and specifically in our core markets. Each of our investments presents a value-add strategy where we focus on asset repositioning to create long-term capital value for our financial stakeholders," says Punit R. Shah, President & Chief Operating Officer of the Liberty Group of Companies.

Liberty continues to seek opportunistic hotel properties and third-party management engagements throughout the United States and welcomes inquiries from lenders, special servicers, investors, and brokers for assets meeting investment criteria found here.

About the Liberty Group of Companies
The Tampa-based Liberty Group of Companies, founded in 1980 by hotelier Raxit N. Shah and now led by his son Punit R. Shah, has been actively pursuing hotel acquisitions throughout Florida and has invested in over $250 Million in diverse real estate investments throughout the United States over its 35-year history, particularly in the hospitality and senior-living sectors.

For more information on the Liberty Group of Companies or its investment platforms, please contact us at 727-866-7999 or visit our website at www.LibertyG.com.

Feedback Messaging & Feedback
We welcome your opinion! Log In to send feedback.
Already a member?
Login
Log In
Not yet registered?
Login
Sign Up
Need More Information?
Information
Benefits
 
  RSS Feed
RSS Feed
Policies
Contact Us
Mobile Version