AD1 Global, a South-Florida based hospitality investment and development company, has completed a multi-million-dollar renovation of the Holiday Inn Viera-MelbourneRead Release
AD1 Hot On Florida Market With 3 New Acquisitions / 2 in Orlando
HOLLYWOOD, Fl., Oct. 17, 2017 – It seems hotel companies have been busy acquiring properties lately, focused—not surprisingly—on location.
AD1 Global, an award-winning South-Florida hotel investment company, has been particularly busy in this regard, adding three hotels to their expanding portfolio – 2 of them in the hot Orlando market and one in the state’s capitol.
And it’s not only AD1 Global that sees a bright future for Orlando, and Florida in general. The privately funded Brightline high-speed rail company announced a week ago that is has begun work on a $2 billion-dollar project to connect Miami to Orlando, with service expected to run by 2020.
Visit Orlando recently reported that a record 68 million people visited the Magic City in 2016 and Visit Florida is predicting 120 million visitors to the state in 2017, which would be a record – and that is after hurricane Irma.
All indicators point towards a favorable travel market for the foreseeable future, so now is the time to position the company strategically – says Daniel Berman, AD1 Global President.
“We are actively acquiring hotels that make good business sense.” “AD1 Global is focused, but not exclusively on limited service hotels in mid to major markets in Florida and beyond. That is where we are seeing a good return on investment on behalf of our stakeholders.”
AD1 has ambitions to grow their portfolio to 25 hotels by the end of 2018 providing around 3500 rooms to business, group and leisure travelers.
“Our successful business model is to associate with national brands that customers know and trust such as Hilton, Wyndham, Holiday Inn, Best Western, Marriott, InterContinental Hotels Group and Choice hotels, and to provide stellar customer service.”
That is the major ingredient of the secret sauce.
“When you have a great product in a great location that you combine with great employees who are dedicated to ensuring that all the customer’s needs are taken care of you create a memorable experience that translates into success,” said Berman.
The new properties AD1 Global recently added to its portfolio include the Comfort Inn Lake Buena Vista, the Quality Suites Royale Parc Suites and the Wyndham Garden Tallahassee Capitol.
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.Read Release
HOLLYWOOD, Fl., Sept 28, 2017 – AD1 Global, a hotel investment, acquisition and development company recently announced the purchase of the Wyndham Garden Tallahassee Capitol hotel.
This is the second acquisition in a week for the burgeoning hospitality company.
AD1 also purchased the Quality Inn Royale Parc Suites Orlando by Choice Hotels located in Kissimmee, Fl, last Wednesday.Read Release
AD1 Global Purchases Another Hotel Near Disney Orlando
HOLLYWOOD, Fl., Sept 20, 2017 – AD1 Global, a hotel investment, acquisition and development company announced today the purchase of the Quality Inn Royale Parc Suite…Read Release
Hollywood, Fl, March, 8, 2017 – AD1 Global, a privately-held hotel investment company acquired the Holiday Inn located at 11 Gateway Boulevard East in Savannah, GA, on March 6, 2017.
The asset was purchased for approximately 10 million dollars, including transaction costs.
AD1 Global is focused on all facets of the hospitality industry, ranging from strategic acquisitions and new developments, to renovations and management services. They are currently pursuing several acquisition opportunities.
This purchase adds 100 rooms, including three suites and an onsite restaurant to the company’s portfolio.
“We are delighted with the acquisition of this hotel,” said Daniel Berman, President and CEO. “This transaction crystallizes that AD1 Global is serious about rapidly expanding its portfolio, and that we are confident looking outside of the strong Florida market for great opportunities.”
This is the company’s first hotel outside of Florida. They currently own properties in Orlando, Kissimmee, Palm Beach Gardens, Melbourne-Viera, Dania Beach and Tamarac.
The Holiday Inn Savannah is strategically positioned right off Interstate I-95 and just 15 minutes from the famous Savannah Historic District and the Savannah/Hilton Head International Airport.
“The hotel is also only minutes from Lady & Sons Restaurant featuring Paula Deen’s famous recipes, Forsyth Park, the Mighty Eight Air Force Museum and the Cathedral of St John the Baptist,” said Berman. “It’s all about the location and the value.”
The hotel is primed to take advantage of its location with the Corporate traveler segment as well, due to its proximity to the offices of Gulfstream Aerospace, Georgia Ports Authority, Norfolk Southern, Memorial Health University Medical Center, St Joseph’s/Candler Hospital, and Brasseler USA.
The Holiday Inn features a full-service restaurant & lounge with room service available. The rooms are newly renovated and luxuriously furnished.
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 and daily operations.Read Release