GFH Capital, a subsidiary of Bahrain-based GFH Financial Group, has announced that it has acquired a hospitality portfolio in the United States in partnership with Arbor Lodging Partners.
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The hotels are either a Hilton Brand hotel (Hilton Garden Inn, Hampton Inn, and Homewood Suites) or a Marriott Brand hotel (Courtyard, Residence Inn, and Springhill Suites).
The transaction has been undertaken in a joint venture with Arbor, who will hold a 9 percent stake in the portfolio and act as the asset manager.
Hisham Alrayes, CEO of GFH, said:
“We’re delighted to close another significant investment in the US markets, which continues to perform strongly and in this robust segment of the hospitality sector.
“The portfolio is well diversified with assets located in key submarkets of the country that are showing growth and overall positive dynamics.
“We look forward to working with our partner Arbor to add further value to these assets and expect stronger income and returns for our investors.”
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