New York & Tri-State + Fairfield/Westchester + Hospitality | December 13, 2022

Real estate investment firm Excel Group has acquired the Hampton Inn & Suites Yonkers in Yonkers, NY

Excel Group Acquires Strategically Located Hampton Inn in Yonkers

Arlington, VA-based real estate investment firm Excel Group recently completed the acquisition of the 150-key Hampton Inn & Suites Yonkers, NY. Terms of the acquisition were not disclosed.

The asset benefits from a strategic location in the center of a mixed-use complex that includes two major hospitals, medical offices, corporate offices, industrial manufacturing, and retail outlets. The local market has seen significant demand growth over the past five years, including the development of Lions Gate film studios, which will bring approximately one million square feet of studio and office space to Yonkers in 2023.

“We are very excited to add another hotel in Westchester County,” said Excel Group founder Shoham Amin. “The local market fits our investment criteria as we search for assets with diverse and stable demand drivers.” The hotel benefits from a diversified market with material demand driven from healthcare, sports, education, film production and corporate.

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About Paul Bubny

Paul Bubny serves as Senior Content Director for Connect Commercial Real Estate, a role to which he brings 13-plus years’ experience covering the commercial real estate industry and 30-plus years in business-to-business journalism. In this capacity, he oversees daily operations while also reporting on both local/regional markets and national trends, covering individual transactions across all property types, as well as delving into broader subject matter. He produces 15-20 daily news stories per day and works with the Connect team and clients to develop longer-form content, ranging from Q&As to thought-leadership pieces. Prior to joining Connect, Paul was Managing Editor for both Real Estate Forum and GlobeSt.com at American Lawyer Media, where he oversaw operations at both publications while also producing daily news and feature-length articles. His tenure in B2B publishing stretches back into the print era, and he has served as Editor in Chief on four national trade publications. Since 1999, Paul has volunteered as the newsletter editor of passenger rail advocacy groups (one national, one local).