Elise Capital Acquires Hampton Inn by Hilton in Douglas, GA
Hotel real estate investment firm Elise Capital has acquired The Hampton Inn by Hilton Douglas in Douglas, GA. The sales price was not disclosed.
Located at 1604 S. Peterson Ave., the hotel consists of 61 rooms and was fully renovated in 2019. The hotel also features daily complimentary hot breakfast buffet, an outdoor pool, a business center and a fitness facility. The hotel’s 624-square-foot event space also offers a convenient location for local social events, family reunions and company meetings.
“I am delighted to be acquiring the Hampton Inn Douglas and excited to watch this hotel reach its full potential,” said Kendra Plummer, founding partner at Elise Capital. “Our focus is to unlock generational wealth for communities of color and others who have been shut out of the process in the past, and this is an extremely important step in the right direction.”
David Cohen is Southeast Editorial Director at Connect Commercial Real Estate. David is a media veteran with more than 10 years of experience in journalism, copywriting and communications across a variety of roles. He is responsible for covering commercial real estate news and trends in the Southeast, Florida, Washington D.C. and Boston at Connect CRE as well as specializing in the Student Housing sector.
Prior to joining Connect, David was the editor of Northeast Real Estate Business magazine and Student Housing Business magazine at France Media as well as spending time freelancing for ESPN and the Associated Press in the fast-paced field of live sports event production. He is also an owner and investor in multifamily real estate in Atlanta, GA.
David currently resides in Atlanta and graduated from the College of Communication & Information at the University of Tennessee Knoxville.