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Access Point Financial Partners With AD1 Global to Finance the Development of Hyatt Place and Home2 Suites in Palm Bay
Access Point Financial | January 7, 2020
Leading hospitality industry lender selected to finance dual properties for new Florida development partnership, citing reliability and flexibility ATLANTA – January 7, 2020 – Access Point Financial, LLC (APF), a leading direct lender and specialty finance company focused exclusively on the hospitality industry, has signed an agreement with top hotel development and management firm, AD1 Global Hospitality, to finance the development of a Hyatt Place and Home2 Suites by Hilton located in Palm Bay, Florida. Access Point Financial provided $26.8 million in financing for the development of the hotels, with $15 million for the 106-room ...
AD1 Global Acquires Residence Inn by Marriott Hartford Avon
AD1 Global | December 26, 2019
AD1 Global, a fast-growing hospitality company located in Florida, recently announced the purchase of the Residence Inn by Marriott Hartford Avon. This additional hotel brings AD1 Global’s growing portfolio to 22 properties and is the first one that the company has acquired in the northeast U.S. “We’re very excited to be branching out and purchasing properties in the northeast,” said AD1 Global President Daniel Berman. “This asset is a great addition to our portfolio and I’m very grateful for the smooth transition we’ve had.” Located on Simsbury Road in Avon, Connecticut, the 100-room hotel is just a short drive from ...
