Excel Group Acquires Hilton Garden Inn Dobbs Ferry, Dobbs Ferry, New York
Arlington, VA -based real estate investment firm Excel Group recently completed the acquisition of the 143-key Hilton Garden Inn Dobbs Ferry, located 16 miles away from New York City. The asset is a newly constructed hotel located in the newest upscale mixed-use complex in the surrounding area.
The Hilton Garden Inn Dobbs Ferry will be Excel Group's 9th hotel acquisition over the past 18 months; totaling ~$250 million in new acquisitions.
"We are very excited to add this new asset surrounded by extremely diverse demand drivers to our portfolio," remarked founder Shoham Amin. The hotel benefits from a diversified market with significant and stable demand from the following industries: hospital, healthcare, life sciences, corporate, IT, film, and education. The market is expected to see significant increase in demand through both corporate expansions and developments over the next few years.
Marriott International, Inc. (NASDAQ: MAR) is a global leading lodging company based in Bethesda,Maryland, USA, with more than 4,200 properties in 80 countries and territories. Marriott International reported revenues of nearly $14 billion in fiscal year 2014. The company operates and franchises hotels and licenses vacation ownership resorts under 19 brands, including: The Ritz-Carlton®, BVlgari®, EDITION®, JW Marriott®, Autograph Collection® Hotels, Renaissance® Hotels, Marriott Hotels®, Delta Hotels and Resorts®, Marriott Executive Apartments®, Marriott Vacation Club®, Gaylord Hotels®, AC Hotels by Marriott®, Courtyard®, Residence Inn®, SpringHill Suites®, Fairfield Inn & Suites®, TownePlace Suites®, Protea Hotels® and MoxyHotels®. Marriott has been consistently recognized as a top employer and for its superior business ethics. The company also manages the award-winning guest loyalty program, Marriott Rewards® and The Ritz-Carlton Rewards® program, which together surpass 50 million members. For more information or reservations, please visit our website at 
