Liberty Group closes first private equity real estate fund

Liberty Group announced the final closing of its first private equity real estate fund dedicated to the acquisition of upper mid-scale hotels. 

Liberty Hospitality Fund I was fully capitalized in February 2014, and will deploy $75 million in total capital towards hotel acquisitions over the next three years. Liberty Group's most recent acquisition of the Holiday Inn Express & Suites in Bonita Springs, Fla., represents its 24th acquisition since 2010, and its second investment through Liberty Hospitality Fund I. 

Liberty acquired the 108-room hotel in February 2014 through an off-market transaction directly with the Seller for less than the replacement cost, and intends to invest in renovations to reposition the asset in mid 2014. 

Virtual Roundtable

Post COVID-19: The New Guest Experience

Join Hotel Management’s Elaine Simon for our latest roundtable—Post COVID-19: The New Guest Experience. The experts on the panel will share how to inspire guest confidence that hotels are safe and clean and how to win back guest business.

Suggested Articles

Insurance companies believe that COVID-19-related losses should not be included in business interruption coverage, but the issue is far from settled.

The MMGY Global Travel Safety Barometer measures Americans’ perceptions of safety on a scale from 0 (extremely unsafe) to 100 (extremely safe).

Year-over-year declines remain significant although not as severe as the levels recorded in April.