July 18, 2019 – Edgecap Partners LLC, an affiliate of Edgewater Group LLC (“Edgewater”) is pleased to announce the sale of the Fairfield Inn and Suites by Marriott in Holiday, FL by HOLFFI LLC. The property was sold for $9,500,000 on July 18, 2019. With this sale, Edgewater Valley Forge Fund, LP has returned 130% of the capital to its limited partners.
The 78 room Fairfield Inn and Suites was acquired by HOLFFI LLC in December 2014 for $5,300,000. It was refinanced after just 26 months of ownership and all invested capital was returned. With this sale, Edgewater Valley Forge Fund, LP’s investment in this property has returned 2.8x invested capital and achieved an IRR of 35.5%.
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.