GFH, Arbor acquire $250m hospitality portfolio in US

GFH Capital, a subsidiary of GFH Financial Group, yesterday announced acquiring a Diversified US Hospitality Portfolio in partnership with Arbor Lodging Partners (Arbor), consisting of twelve premium-branded select-service hotels located in the US states of California, Connecticut and New Jersey, with an investment of US$ 250 million.

These hotels are premium branded with each falling under either a Hilton Brand hotel (Hilton Garden Inn, Hampton Inn, and Homewood Suites) or a Marriott Brand hotel (Courtyard, Residence Inn, and Springhill Suites).

The transaction has been undertaken in a joint venture with Arbor, who will hold a 9 per cent stake in the portfolio and act as the asset manager. Arbor is a specialised hospitality asset manager in the US with a strong track record in investing and managing hospitality assets.

Arbor Lodging Management, an affiliate of Arbor, will be managing the Portfolio. Commenting, Hisham Alrayes, CEO of GFH, said, “We’re delighted to close another significant investment in the US markets, which continues to perform strongly and in this robust segment of the hospitality sector.

The Portfolio is well diversified with assets located in key submarkets of the country that are showing growth and overall positive dynamics.”