Excel Group Acquires Comfort Suites in North Brunswick, New Jersey
NEW BRUNSWICK, NJ – June 30, 2012 — Excel Group announced today that the firm has bought the distressed note for the 71-room Comfort Suites in New Brunswick, New Jersey for $3.5 million.
Excel Group purchased the strategically-located asset with multiple demand generators and exceptional upside potential at a significant discount to replacement cost and market value. The firm plans to take ownership and then infuse capital for renovation improvements to realize full its full revenue and penetration potential in the market.