The Excel Group has purchased the Hilton Garden Inn in Temple Terrace for $11.15 million. The 148-room hotel is located at 13305 Tampa Oaks Boulevard, a suburban location 10 miles northeast of Tampa. The hotel, which is visible from Interstate 75, is three miles from the University of South Florida and six from Busch Gardens. Completed in 2000 and renovated in 2013, the hotel features 6,458 square feet of meeting space, a fitness center, business center, outdoor pool and two dining choices, including the Great American Grill and the Pavilion Lounge. HFF marketed the property on behalf of the seller. Excel Group purchased the offering free and clear of debt.
“This acquisition further marks the extension of our growth while adhering to a disciplined strategy of acquiring well-located, under-performing assets at a discounted basis,” added Shoham Amin, managing partner of Excel Group. “With this acquisition, our firm will have completed four acquisitions in Florida totaling $50 million in the first quarter of 2015″.
