Why location was motivation for TMGOC, Certares’ first deal, the acquisition of the 141-key, The Ray Hotel in Delray Beach

  • 9/24/2024

|

Hotel Investment Today
• Subcategory:
• Tag: |
• Additional Filters-Tags: ,
• Company:

Last week, TMGOC announced a joint venture with New York City-based Certares to acquire the 141-key hotel from Delray Beach-based Menin Development for an undisclosed price.

Mike Kusy, a director at Certares, said Alba’s knowledge was key to making the deal happen. “His boots-on-the-ground in-market relationship was pretty critical to putting this all together,” he said.

Certares Management LLC
Nolan Hecht | Senior Managing Director, Head of Real Estate

Additional Filters

Subcategory
Tags