Hollywood, FL, April 04, 2017 –(PR.com)– AD1 Global is quickly increasing its footprint in the hospitality industry with the recent purchase of the Candlewood Suites Fort Myers-Sanibel Gateway Hotel. This is the second acquisition of the year for the company, which is focused on growth expansion and profit margins for its partners. “We are laser-focused […]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
Hollywood-based AD1 Global is preparing to file plans for a 57.6-acre property at 17509 Bali Blvd., next to the Liki Tiki Village and about 8 miles west of Disney’s Animal Kingdom.Read Release
Orlando, FL, November 17, 2016 – The Park Inn By Radisson in Kissimmee, Florida, is pleased to announce a special boxing event with renowned impresario Burt Wells, aka Sugar Bert, featuring former heavyweight champion of the world Evander Holyfield’s son, Evan. Evan is among hundreds of amateur fighters scheduled to compete in the inaugural Sugar […]Read Release
Hollywood Beach, FL, November 3, 2016 – AD1 Global is pleased to announce a special event with renowned actor and country music artist John Schneider at its Palm Beach Gardens, Best Western Plus hotel, Nov. 13th from 6-8 pm. Schneider is best known for his television roles on “The Haves and The Have Nots,” […]Read Release
Hollywood Beach, FL, November 23, 2016 – AD1 Global is well-positioned to profit from recent announcements by Orlando developer Joshua Wallack. Wallack, who is the owner/operator of the popular Mango’s Tropical Café and the developer behind the ambitious $460MIL Skyplex project, is building a parking garage, retail center and restaurant adjacent to two of AD1 […]Read Release