Virtua Partners is pleased to announce a strategic partnership with Hotel Equities. Virtua Partners will make a series of investments totaling more than $500 million with Hotel Equities into hospitality assets, new development, acquisitions and Opportunity Zones.
Commercial Property Executive
Virtua will be making a series of investments totaling more than $500 million, to help the Atlanta-based firm move into new regions in the U.S. and Canada and expand in current markets.
Hotel Equities provides management and development services to 115 properties across 25 states and two Canadian provinces with a total of $2 billion in assets under management. HE manages premium hotel brands across the country, primarily with Marriott and Hilton.
Virtua Partners will invest more than $500 million into Hotel Equities‘ hospitality platform. The capital infusion will be used for growth. Based in Atlanta, Hotel Equities is a hotel management and development company.
“This capital infusion allows us to expand our platform as we look to grow Hotel Equities through acquisitions and organic growth. Our mission is to provide outstanding service to our key stakeholders and deliver strong returns to our owners. We are delighted to have Virtua Partners invest in our company, as they share our values and culture,” says Fred Cerrone, founder and chairman of Hotel Equities.
Virtua Partners is a global private equity firm with a specialty in commercial real estate. It holds significant investments in hotels and other hospitality properties throughout the country. Virtua Partners has targeted a series of investments totaling over $500 million, some of which will be deployed through hospitality investments and Opportunity Zones, as well as acquisitions and new development.
To learn about investment opportunities with Hotel Equities and Virtua Partners, visit hotelequities.com/ownerinvestments.
About Hotel Equities:
Hotel Equities (HE) is an Atlanta-based full-scale hotel ownership, management and development firm operating 100+ hotels throughout North America. Frederick W. Cerrone, CHA, serves as Founder and Chairman; Brad Rahinsky serves as President and CEO. For more information, visit www.hotelequities.com.
About Virtua Partners:
Virtua Partners is a global private-equity firm specializing in commercial real estate. The firm and its affiliates sponsor a variety of investment funds and commercial real estate projects across the United States and currently have 16 million square feet of assets under management or development.
Virtua Partners’ goal is to provide superior risk-adjusted returns for high-net-worth individuals and family offices through comprehensive strategies, rigorous underwriting, and careful execution. For more information, visit www.virtuapartners.com.