Holiday, FL – Edgecap Partners LLC, an affiliate of Edgewater Group LLC (“Edgewater”), is pleased to announce the acquisition of the Fairfield Inn & Suites by Marriot® in Holiday, FL, by HOLFFI LLC, a subsidiary of Edgewater Valley Forge Fund LP. The hotel is situated just off of Highway 19 just 30 miles from the Tampa International Airport and minutes from the Tarpon Springs Sponge Docks, a major area attraction. The hotel offers 78 rooms and suites, 728 square feet of meeting space, an outdoor pool, fitness center, 24-hour market and a complimentary hot breakfast each morning. The property is scheduled to undergo upgrades that will enhance guest satisfaction and experience.
The property was purchased for $5.3 million. Financing was provided by Natixis. Debt placement was arranged by Alison Williams, Vice President of Walker & Dunlop.
Founded in 2008, Edgewater is a boutique multidisciplinary real estate Firm that provides distressed advisory, management and value-add investment services. Edgewater’s unique focus is on the micro and middle market segments in secondary and tertiary locations in the United States.