Dec 30, 2021 The Montford Group. and Opterra Capital Close Out 2021 With Over $200M In Real Estate Transactions, Adding Aloft Jacksonville Before Year’s End
JACKSONVILLE, FL (December 30, 2021) — The Montford Group. and Opterra Capital LLC, (together as TMGOC.) announce their fifth hotel transaction in Florida this year, the 136-room Aloft by Marriott, Jacksonville Airport. TMGOC is closing out 2021 with over $200 Million in real estate transactions.
The Aloft Jacksonville Airport is strategically located three miles east of Jacksonville International Airport bringing in strong airport demand and easily accessible via Interstate-95. Developed in 2009 and renovated in 2019, the hotel is located in one of the most populous cities in Florida.
“The hotel enjoys the most convenient and walkable location in the submarket surrounded by rapidly growing regional demand generators and recent development activity such as River City Marketplace, UF Health North, the under-construction Department of Veteran’s Affairs Regional Center, and more” says Glenn Alba, Founder and CEO of Opterra Capital.
“We are thrilled to invest in the dynamically growing Jacksonville market. It is a great addition to our portfolio in a well-located destination near popular Jacksonville beaches, mixed-use real estate, and the airport. The Aloft brand represents a new twist on travel with plenty of space to relax, grab a drink and enjoy the lobby. Our guests will enjoy the one-size fits all experience” says Sunju Patel, Founder and CEO of The Montford Group.
TMGOC. acquired the fee simple interest in the Aloft Jacksonville Airport, in one of the largest growing markets in the United States, on December 30th, 2021. Aimbridge Hospitality was selected to manage on behalf of the ownership.
“As we review 2021, TMGOC had a very active year, closing on over $200 Million in real estate transactions across hotel, multi-family and office sectors in Florida and Charleston, SC. Our focus on the southeastern geography in the US has provided our investors with exposure to markets that are showing outstanding growth potential” said Glenn Alba. Sunju Patel added, “This past year has been a great success for TMGOC. We are very thankful to our hard- working team, our investors, and our debt partners and we are ready to take on 2022 with multiple deals already in the pipeline.”
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About The Montford Group.
The Montford Group. is a real estate investment and development company with more than 50 years combined experience in real estate investments, acquisitions, and dispositions along with horizontal and vertical development. From the creative minds of seasoned entrepreneur duo Sunju Patel and Jessica Reid, The Montford Group. set off to curate an unrivaled collection of unique properties and remarkable experiences for people who believe that home and hospitality shouldn’t be rare finds, but the common ground that unites us. The company has developed approximately 190,000 SF of residential properties, 275,000 SF of retail space, 500,000 SF of industrial space, 225,000 SF of office space and 90,000 SF of medical office and hospital space. Today, their portfolio consists of over 40,000 SF of office and retail along with 1,518 hotel keys of existing, new construction and pipeline development that include Moxy by Marriott and Thompson by Hyatt.
About Opterra Capital, LLC
Opterra Capital is a Boca Raton, FL based real estate investment sponsor and operating partner, capital markets advisor, and asset manager with significant experience in all sectors of commercial real estate. Founded by Glenn Alba, a former Managing Director at Blackstone for 20 years, Opterra Capital consists of four industry-professional principals with more than 80 years of experience in hotel ownership, asset management and development. Opterra Capital seeks to leverage this expertise towards value-add acquisition and proactive investment management to deliver attractive, risk-adjusted returns.
About Aimbridge Hospitality
A leading, global hospitality company offering best in class hotel management services across a broad spectrum of franchised branded full service, select service, luxury hotels, destination resorts, convention centers and lifestyle hotels. Aimbridge’s premium portfolio represents approximately 1,500 properties in 49 states and 20 countries, inclusive of pipeline. With the most robust brand diversity in the industry, Aimbridge and its affiliates represent 84 lodging brands, in addition to more than 82 independent boutique/lifestyle hotels in the portfolio. As the world’s largest third-party operator, Aim- bridge is dedicated to its mission to leverage its scale to add value for owners and opportunities for associates better than any hospitality operator. Aligned with a concentrated focus, agility and expertise for each vertical, Aimbridge drives market success for hotels and optimizes investment returns for owners. Aimbridge Hospitality’s global head- quarters is based in Plano, Texas, with additional corporate offices in Atlanta, Calgary, Fargo, Puerto Rico and Washington, D.C. Evolution Hospitality, Aimbridge’s Lifestyle Division, is based in San Clemente, Calif. Aimbridge’s International Division, Interstate Hotels& Resorts, has supporting offices across Europe in Amsterdam, Birmingham, Glasgow and Moscow. The company’s division in Mexico, Group Hotelero Prisma, has offices in Monterrey and Mexico City. For more information on Aimbridge Hospitality, please visit www.aimbridgehospitality.com and connect with Aimbridge on LinkedIn.
For More Information:
Founder & CEO, The Montford Group.
Founder & CEO and President, Opterra Capital, LLC