JACKSONVILLE, Fla. (July 14, 2022) – 1754 Properties, LLC, an institutional owner, operator and lender of hotels and other real estate based in Weston, Florida, in partnership with Argosy Real Estate Partners, has announced the July 12 acquisition of the 164-room Best Western Premier in the Southside/Deerwood Park submarket of Jacksonville. As part of a major rebranding process, the property will undergo a comprehensive, multimillion-dollar renovation, and become one of Jacksonville’s newest full-service upscale hotels.
“The Delta by Marriott brand is a natural fit, giving our guests the consistency, reassurance and benefits of Marriott’s reservation system, rewards program, and globally recognized brand while competing in the upscale tier market and delivering the essentials required by the modern business traveler, including free Wi-Fi, fitness center, a pantry full of snacks and drinks, and dining options,” said Joe Kelley, Head of Operations of 1754 Properties.
“We’re very excited to be working with Argosy Real Estate Partners, one of the top real estate private equity firms in the U.S. With our diversified group of investors, 1754 Properties will continue looking for assets in quality urban and resort locations that have renovation, repositioning and rebranding opportunities,” said Joe Smith, CEO and Founder of 1754 Properties.
“We’ve had our eyes on the rapidly growing Jacksonville market and are very excited to be adding a full-service product in a market that currently has a dearth of quality full-service hotels,” said Alexander Galewicz, Managing Partner of 1754 Properties.
According to Glenn Willocks, head of Human Resources for 1754, the company is actively looking to hire dozens of new employees to bolster the existing team in preparation for restaffing the hotel for full operations. Interested applicants should contact Glenn Willocks at gwillocks@1754properties.com.
“We are incredibly excited about the location and management team here, as well as the opportunity to continue to grow our footprint in Florida,” said Jason Abel, Principal of Argosy Real Estate Partners. “The transformation of this property will fill an underserved gap in the market and benefit the entire market.”
