AD1 Global Acquires Holiday Inn Palm Beach – Airport Conference Center
HOLLYWOOD, Fla. (June 20, 2019) — AD1 Global announced the purchase of the Holiday Inn Palm Beach – Airport Conference Center that will be converted into a Crowne Plaza. AD1 will also develop a Holiday Inn Express adjacent to the current hotel.
The 199-room Crowne Plaza conversion and 120-room new construction Holiday Inn Express are located less than 1 mile away from Palm Beach International Airport, one of the three major airports serving the South Florida metropolitan area. Centrally located in West Palm Beach at 1301 Belvedere Road, the properties are just 2 miles away from Downtown and close to the beautiful beaches of Palm Beach.
“We’re very excited about these properties,” said AD1 Global President Daniel Berman. “In addition to their proximity to Palm Beach International Airport—which brings a lot of traffic to the area—the properties are also just 5 minutes away from Palm Beach County Convention Center, another hotspot that hosts many high-profile events.”
Other demand generators in the area that attract both tourists and locals year-round include CityPlace Mall, Florida’s premier shopping, dining and entertainment destination, as well as the Palm Beach Zoo, Florida’s top-rated zoological experience.
“This wonderful property is our first purchase of 2019,” said VP of Acquisitions Gisela Levy. “Our portfolio has quickly expanded to now include 21 hotels, including internationally recognized brands such as Hilton, Marriott, and Wyndham.”
About AD1 Global:
AD1 Global is a fully-integrated hospitality company based in Hollywood, Florida. Involved in every facet of the business, the company focuses on everything from strategic acquisitions and new developments, to renovations, management services, and investments. 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.
The company is actively engaged in finding new acquisitions in performing markets. For more information, please visit www.ad1global.com.