The Excel Group announced on Tuesday Dec 13 their acquisition of the Hampton Inn & Suites in Yonkers. The Arlington/DC based investment firm now adds 150 rooms to its already 5,632 room nationwide portfolio.
“We are very excited to add another hotel in Westchester County. The local market fits our investment criteria as we search for assets with diverse and stable demand drivers”
Shoham Amin – Founder, Excel Group
The hotel is located on the northwest side of Yonkers off of Corporate Ave sandwiched between N Broadway and the Sawmill Parkway.
This acquisition affirms the City of Yonkers’, and Mayor Mike Spano‘s assertion that developments such as Lionsgate Studios and MGM are drivers for increased investment in the area.
The terms of the agreement were not disclosed. For more information, please contact [email protected]
