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Verakin Capital Completes Minority Interest Investment In Three Hotel Portfolio

Mar 22, 2022•over 3 years ago
San Mateo

Description

Officials of Verakin Capital, a real estate investment group, today announced that the company has completed a minority investment of a three-hotel portfolio at an undisclosed amount. This investment represents their third with Peachtree Hotel Group, totaling seven hotels in four states.

Company Information

Company

Three Hotel Portfolio

Location

San Mateo, California, United States

About

ThumbnailMarch 22, 2022 08:56 AM Eastern Daylight TimeSAN MATEO, Calif.--(BUSINESS WIRE)--Officials of Verakin Capital, a real estate investment group, today announced that the company has completed a minority investment of a three-hotel portfolio at an undisclosed amount. Our ultimate goal is to help our network gain access to attractive real estate investments and build their own long-term wealth while we strengthen the foundations of Verakin.”The company targets co-investment opportunities in premium-branded, select-service hotels and compact full-service hotels where it can create value through operations, renovations or other components.“We currently are focusing on existing relationships with longtime associates,” Patel concluded.