Hollywood, FL, September 20, 2017 --(PR.com)-- AD1 Global, a hotel investment, acquisition and development company announced today the purchase of the Quality Inn Royale Parc Suites Orlando by Choice Hotels, located at 5876 W. Irlo Bronson Hwy in Kissimmee, Florida.
"This investment presented a unique opportunity to acquire another hotel in a fantastic location,” said Daniel Berman, AD1 Global President. “The property has many of the attributes that appeals to the demand-drivers’ specific to this market.”
Orlando welcomed 68 million visitors in 2016, which was a record, and Florida governor Rick Scott recently announced that the state was on track to break all previous visitor records in 2017.
“Orlando is booming right now,” said Berman. “The magic of Disney, Universal Studios, Sea World and the other attractions brings people and their families back year after year.”
This is AD1 Global’s third acquisition of 2017 and their fourth hotel to operate in the Orlando market. They also purchased a Candlewood Suites in Ft. Myers-Sanibel, and a Holiday Inn in historic Savannah, GA this year. The company also owns or is developing hotels in Palm Beach Gardens, Viera-Melbourne, Palm Bay, Dania Beach and Tamarac, Florida.
“Whether you are traveling for business or pleasure, we deliver quality rooms in strategic locations at unbeatable values,” added Berman. “Our secret to success is really not a secret. It’s all about finding the right place at the right price at the right time. And then hiring friendly and knowledgeable staff that provide stellar service to guests.”
AD1 Global will seek to implement their vision and execute their business plan as soon as possible, with the goal of generating an attractive return on investment and enhancing long-term value as Disney and other theme parks continue to make significant investment in their parks; most notably with the planned addition of Star Wars Land.
“We think we are well positioned to perform favorably in this high demand hotel market.”
This most recent acquisition is an excellent illustration of AD1 Global’s investment strategy to enhance return by focusing on middle-market assets that offer the potential to achieve greater yields through the execution of traditional value-add strategies.
"We believe that the property, just minutes away from Disneyland, has a strong value-add component in one of the best performing hotel markets in the country. It is the latest addition to our portfolio that leverages deep industry knowledge and relationships to help generate attractive potential returns."
The Royale Parc features 1- and 2-bedroom suites with French Quarter-style furnishings. All suites have separate living areas, kitchenettes (with microwaves, dishwashers and coffeemakers) and flat-screen TVs.
Amenities and services include cooked breakfast, Wi-Fi, and shuttle service to Disney World®, Universal Orlando and SeaWorld. There are several dining options, including a pizzeria, a poolside bar and a cafe. Other amenities include an outdoor atrium pool with a bar and a hot tub, an exercise room, a playground and a game room.
About AD1 Global:
AD1Global is a hospitality development and management company located in Hollywood, Florida. The company excels in all facets of the hospitality industry, ranging from the acquisition of existing hotels, new developments, renovations, daily operations and management contracts.
AD1 Global offers complete and comprehensive hotel solutions tailored to the specific needs of each individual property. The company’s goal is to continuously improve the work-process resulting in highly profitable hotels.
For more information please visit: www.ad1global.com
Contact via Email
Read the full story here: http://www.pr.com/press-release/730529
Press Release Distributed by PR.com
Information contained on this page is provided by an independent third-party content provider. Frankly and this Site make no warranties or representations in connection therewith. If you are affiliated with this page and would like it removed please contact firstname.lastname@example.org