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Hotels We Own

SPRINGHILL SUITES BY MARRIOTT JACKSONVILLE

Acquired December 2019

4385 Southside Boulevard
Jacksonville, FL
32216
972.459.1275

Investment Highlights:

  • Purchase price including PIP below replacement cost
  • Well located near healthcare, leisure, military, and corporate demand generators between downtown Jacksonville and the Atlantic Coast
  • Extensive renovations completed three years prior to acquisition
  • Additional renovation post acquisition led by TCOR
  • Superior RevPAR to competitive set through the time of acquisition
  • High quality GM identified by TCOR pre-transaction
  • Significant ownership-related expense reductions identified by TCOR
EMBASSY SUITES BY HILTON
BALTIMORE BWI AIRPORT

Acquired February 2019

1300 Concourse Drive
Linthicum, MD 21090
410-850-0747

Investment Highlights:

  • Diverse market with airport, government, leisure, and corporate demand generators
  • Proximity to BWI International Airport (~three miles away)
  • Hilton brand family
  • Purchase price including PIP significantly below replacement cost
  • $2.5 million in PIP required post-acquisition
  • TCOR familiarity with property from previous experience
  • Property can be repositioned through further renovation and business mix
HOLIDAY INN EXPRESS & SUITES
TAMPA USF-BUSCH GARDENS

Acquired September 2018

2807 E Busch Boulevard
Tampa, FL 33612
913-936-8200

Investment Highlights:

  • Strong upside potential following a $2.3 million PIP post-acquisition
  • Well located adjacent to Busch Gardens in Tampa as well as University of South Florida (50,000 students) and a prominent healthcare cluster (4,500 employees)
  • NOI margin significantly underperforming comparable Holiday Inn Express & Suites assets. 
  • Among the fastest growing MSAs in the U.S.
  • Experienced local management partner recognized as one of the top 3rd party managers in the U.S.
TOWNEPLACE SUITES BY MARRIOTT
DALLAS LEWISVILLE

Acquired January 2018

731 E Vista Ridge Mall Drive
Lewisville, TX 75067
972.459.1275

Investment Highlights:

  • Well located in suburban Dallas with exceptional demographic trends
  • Proximity to multiple demand generators including corporate campuses, regional entertainment, and convention destinations
  • TCOR partnered with superior management company experienced in successfully managing another TownePlace Suites in the DFW market
  • Renovation completed immediately prior to acquisition
  • Underperforming from NOI margin perspective
  • Quality hotel brand in the Marriott family