View all newsletters
Receive our newsletter - data, insights and analysis delivered to you
  1. News
April 1, 2021

DoveHill announces $28m investment in six new hotels in US

DoveHill Capital Management is expanding its hotel portfolio with a preferred equity investment of $28m in six new hotels on the East Coast in the US.

DoveHill Capital Management is expanding its hotel portfolio with a preferred equity investment of $28m in six new hotels on the East Coast in the US.

Free Report
img

How attractive are current investment opportunities in Europe?

Europe has been identified as one of the most favorable regions for investors, seeing high investment activity in the past year. Most of these investments have been through Debt Offering, valued at close to $700 billion. The region has provided attractive investments in a diverse set of companies. Companies who tend to major themes such Digital Media, Cloud, Artificial Intelligence, E-commerce, and Big Data are recording the highest number of deals, with Digital Media recording close to 2,000 deals. However, GlobalData’s whitepaper offers a full view of the market, analyzing less successful or attractive points of investment as well, examining statistics on Equity Offering investments and PE/VC deals. Understand how government agencies for economies around the world use GlobalData Explorer to:  
  • Track the M&A and Capital Raising volumes into their target market
  • Identify the top sectors in the target market attracting the investments
  • For any investment segment, identify the top Investors inside and outside the target economy that are already investing in the Segment
  • Assess and showcase the growth potential for various Industries in the target economy
Don’t miss out on key market insights that can help optimize your next investment – read the report now.
by GlobalData
Enter your details here to receive your free Report.

Through this investment, the company has added three new hotels, one in New York City, one in North Carolina, and one in Maryland, and three hotels in Pennsylvania to its portfolio.

Headquartered in Fort Lauderdale, Florida, the company is a vertically integrated hospitality investment firm and development organisation.

It currently has 14 properties across North America, including a concentration on the East Coast.

The preferred equity investment in the hotels is said to support their repositioning into profitable and well-capitalised properties.

DoveHill Capital Management founder and CEO Jake Wurzak said: “While the COVID-19 health pandemic has challenged the hospitality industry significantly, we have remained optimistic for the resurgence of travel and equally steadfast in our efforts to invest in high-quality hospitality assets that will outpace competitors.

“As one of the most active hospitality investment firms this past year, we believe that the current pains in the industry are creating phenomenal entry points for investments—for those who have the conviction to invest at this time as DoveHill has.

“Our firm possesses years of experience in contrarian investing at the early points of new real estate cycles, and we consistently have the confidence and vision to identify compelling investment opportunities during periods of heightened volatility and uncertainty.”

In addition to the six new hotels, the company is seeking to invest in full-service lifestyle properties that focus on value-add and other strategies to enhance properties.

Related Companies

Free Report
img

How attractive are current investment opportunities in Europe?

Europe has been identified as one of the most favorable regions for investors, seeing high investment activity in the past year. Most of these investments have been through Debt Offering, valued at close to $700 billion. The region has provided attractive investments in a diverse set of companies. Companies who tend to major themes such Digital Media, Cloud, Artificial Intelligence, E-commerce, and Big Data are recording the highest number of deals, with Digital Media recording close to 2,000 deals. However, GlobalData’s whitepaper offers a full view of the market, analyzing less successful or attractive points of investment as well, examining statistics on Equity Offering investments and PE/VC deals. Understand how government agencies for economies around the world use GlobalData Explorer to:  
  • Track the M&A and Capital Raising volumes into their target market
  • Identify the top sectors in the target market attracting the investments
  • For any investment segment, identify the top Investors inside and outside the target economy that are already investing in the Segment
  • Assess and showcase the growth potential for various Industries in the target economy
Don’t miss out on key market insights that can help optimize your next investment – read the report now.
by GlobalData
Enter your details here to receive your free Report.

NEWSLETTER Sign up Tick the boxes of the newsletters you would like to receive. The top stories of the day delivered to you every weekday.
I consent to GlobalData UK Limited collecting my details provided via this form in accordance with the Privacy Policy
SUBSCRIBED

THANK YOU

Thank you for subscribing to Hotel Management Network