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Verakin Capital Completes Minority Interest Investment In Three Hotel Portfolio

PRIVATEMar 22, 2022

Round Type

Venture

San Mateo

Description

Officials of Verakin Capital, a real estate investment group, today announced that the company has completed a minority investment of a three-hotel portfolio at an undisclosed amount. This investment represents their third with Peachtree Hotel Group, totaling seven hotels in four states.

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Company Information

Company

Three Hotel Portfolio

Location

San Mateo, California, United States

About

ThumbnailMarch 22, 2022 08:56 AM Eastern Daylight TimeSAN MATEO, Calif.--(BUSINESS WIRE)--Officials of Verakin Capital, a real estate investment group, today announced that the company has completed a minority investment of a three-hotel portfolio at an undisclosed amount. Our ultimate goal is to help our network gain access to attractive real estate investments and build their own long-term wealth while we strengthen the foundations of Verakin.”The company targets co-investment opportunities in premium-branded, select-service hotels and compact full-service hotels where it can create value through operations, renovations or other components.“We currently are focusing on existing relationships with longtime associates,” Patel concluded.

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