RHG and Aspect Investment Announce Acquisition of Four Hotels
The purchase represents the expanding of their hotel ownership and management to three new markets including Nashville, Phoenix and Denver.
OCEAN CITY, Md., Sept. 7, 2018/PRNewswire/ -- Real Hospitality Group ("RHG") and Aspect Investment Partners Ltd. ("Aspect") today announced the acquisition of four hotels to their growing portfolio. This purchase represents the expanding of their hotel ownership and management to three new markets including Nashville, Phoenix and Denver.
The four hotels include the Hilton Garden Inn and the Hampton Inn in Nashville Smyrna Tennessee, the Hyatt Place Phoenix North and the Aloft Broomfield Denver. The portfolio consists of 461 rooms and will be managed by RHG. With the acquisition of this portfolio, Real Hospitality Group increases their portfolio of owned and managed assets to 105 hotels in 16 states.
Ben Seidel, President and Chief Executive Officer of Real Hospitality Group, said, "We are excited about our partnership with Aspect and believe that these four properties in these key locations are aligned with our strategic growth plan to acquire institutional grade hotel properties in dynamic markets as we continue to expand our footprint across the country."
The current joint venture represents part of Aspect's third hospitality investment platform. Aspect, through its three platforms, owns 19 hotels in 16 cities.
Mohamed Seif El Nasr Co-Founder and Managing Director of Aspect Investment Partners Ltd., said, "This deal marks a milestone in our firm's evolution as we expand our reach in the hospitality sector with well aligned and high-quality operating partners like RHG."
About Aspect Investment Partners Ltd.
Aspect Investment Partners Ltd. is an independent principal investment firm incorporated in the Cayman Islandsfocused on delivering value to its shareholders and clients through investments along 3 complementary tracks, namely Real Estate, Specialist Credit and Private Equity. The firm was founded by a group of professionals who have over 50 years of diversified experience in conventional and alternative investment strategies.
Since Aspect's formation in 2016, the firm has created 6 investment platforms with total assets greater than US$ 1.2 billion. These platforms are invested in select service hotels, senior housing and broadly syndicated senior secured loans across the US. Aspect, through its joint venture entities, owns 19 hotels and 2,156 rooms in 16 cities across the US. Aspect Senior Housing platforms own 1,100 units spread across 1.2M square feet of land. Through two of its senior secured loans' platforms, Aspect has partnered with top tier managers in the US to invest in their CLO equity positions. For more information, please visit aspectinvestmentpartners.com.