Acquisitions & Hotel Openings

Excel Group Acquires 200-Room Hyatt Place Washington DC / US Capitol

ARLINGTON, VA. August 16, 2017 - Washington DC-based real estate investment firm Excel Group has announced its recent acquisition of the Hyatt Place Washington DC / US Capitol, a 14-story, 200-room hotel, which opened in June 2014.

The newly-constructed property sits squarely in the center of DC's burgeoning NoMa neighborhood, a 35-block district of Northeast Washington. Well-funded by private developers, NoMa is a rapidly transforming area that will see an additional 20 million square feet of new office, residential, hospitality and retail development over the coming years. Referred to as the city's "most connected" area, NoMa is highly accessible, with Amtrak, Virginia Railway Express (VRE), MARC, two Red Line Metro stops, seven Capital Bikeshare locations, and I-395 access.

"It's an exciting time to be in NoMa, and we're thrilled to announce this acquisition," remarked managing partner Shoham Amin. "As an early stakeholder in this up-and-coming area of Washington, we're very confident in the local market's outlook, and look forward to the continued commercial and residential growth coming to the neighborhood."

Hyatt Place will be Excel's closest acquisition in proximity to its headquarters —a significant move as the firm continues to expand its footprint. With a current portfolio of 17 properties, Excel Group is among the fastest-growing real estate companies in the nation, most recently ranked third by Inc Magazine in 2016.

For more information, please contact Shoham Amin, Managing Partner of Excel Group at shoham.amin@excelgp.com.

About Excel

Excel Group is a Washington, D.C.-based private equity firm that owns, develops, and asset manages hotels in high-growth markets across the Eastern U.S. Excel Group is focused on disciplined, cycle-appropriate hotel real estate acquisitions and asset management.

About Hyatt Place Washington DC/US Capitol

With over 200 rooms and an ideal location in DC's vibrant NoMa neighborhood, the 14-story Hyatt Place Washington DC/US Capitol is a contemporary hotel offering style and comfort to travelers visiting the nation's capital. Rejuvenate with KenetMD bath essentials and sleep soundly on a Hyatt Grand Bed. Free hotel-wide Wi-Fi, free hot breakfast, 24-hour gym and indoor pool make your stay more comfortable. Hyatt Place also features 1600 square feet of meeting space for small meetings or large events.

Coming Up In The October Online Hotel Business Review




{300x250.media}
Feature Focus
Revenue Management: Technology and Big Data
Like most businesses, hotels are relying on technology and data to drive almost every area of their operations, but perhaps this is especially true for hotel Revenue Managers. There has been an explosion of technology tools which generate a mountain of data – all in an effort to generate profitable pricing strategies. It falls to Revenue Managers to determine which tools best support their operations and then to integrate them efficiently into their existing systems. Customer Relationship Management, Enterprise Resource Planning, and Online Reputation Management software are basic tools; others include channel managers, benchmark reports, rate shopping tools and review systems, to name a few. The benefits of technology tools which automate large segments of a Revenue Manager’s business are enormous. Freed from the time-consuming process of manual data entry, and having more accurate data available, allows Revenue Managers to focus on analysis, strategies and longer-term decision-making. Still, for most hotels, the amount of data that these tools generate can be overwhelming and so another challenge is to figure out how to effectively utilize it. Not surprisingly, there are some new tech tools that can help to do exactly that. There are cloud-based analytics tools that provide a comprehensive overview of hotel data on powerful, intuitive dashboards. The goal is to generate a clear picture, at any moment in time, of where your hotel is at in terms of the essentials – from benchmarking to pricing to performance – bringing all the disparate streams of data into one collated dashboard. Another goal is to eliminate any data discrepancies between finance systems, PMS, CRM and forecasting systems. The October issue of the Hotel Business Review will address all these important developments and document how some leading hotels are executing their revenue management strategies.