DoveHill Capital Management Completes Acquisition of $ 50 Million Brooklyn Hotel Bill


FORT LAUDERDALE, Florida, August 9, 2021 / PRNewswire / – DoveHill Capital Management, LLC, (“Dove Hill”) a vertically integrated hotel investment and development company, today announces its recent $ 50 million acquire notes on a brand new irreplaceable lifestyle hotel at Brooklyn, New York. This is DoveHill’s seventh investment since the start of the pandemic. DoveHill’s portfolio now includes fifteen properties in North America.

“This hotel is located close to all major demand generators of Brooklyn, New York. Despite the pandemic, Brooklyn continued to experience unprecedented growth. During the last decade, Brooklyn achieved a compound annual RevPAR growth rate of 5.6%, compared to 4.1% for the United States and 1.1% for Manhattan“, noted Jake wurzak, Founder and CEO of DoveHill Capital Management. “We continue to be one of the most active hospitality-focused investment firms this year as we have been able to adapt quickly and seek out exciting opportunities at all levels of the capitalization stack. . “

For more information on DoveHill Capital Management, visit www.dovehillcos.com.

DoveHill Capital Management

DoveHill Capital Management is in Fort Lauderdale, Florida. It is a vertically integrated hotel investment and development organization with a portfolio of urban infill hotels, lifestyle hotels and premium branded full-service assets across North America, mainly on the east coast.

The core competence of the company is the creation of highly differentiated, locally organized properties located in high growth and high culture environments with various demand drivers and distinct barriers to entry.

DoveHill seeks investments in full-service lifestyle properties at attractive entry points, then implements strategies to reposition and transform the real estate asset and create differentiated benefits that increase its value to partners and clients. investors.

Media contact:
Meaghan Peeler
[email protected]
215-689-0245

SOURCE DoveHill Capital Management, LLC

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https://www.dovehillcos.com/


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