Synergy Hospitality to Manage Hampton Inn by Hilton Philadelphia-International Airport
Synergy Hospitality awarded hotel management contract by TIC investors following recapitalization of hotel.
- (1888PressRelease) July 15, 2015 - Wayne, Pa - Synergy Hospitality has assumed management of Hampton Inn by Hilton Philadelphia-International Airport following the recapitalization of the hotel by Versant Commercial Brokerage, Inc.. The tenant-in-common (TIC) investors opted to replace their former hotel manager with Synergy Hospitality.
Hampton Inn by Hilton Philadelphia-International Airport boasts one of the most convenient hotel locations in Philadelphia, located only 1.5 miles from the Philadelphia International Airport. For visitors looking for access to iconic area attractions, the hotel is only 20 minutes from Downtown Philadelphia and only two miles from the Philadelphia Sports Complex. With 152 guest rooms and more than 1,200 square feet of meeting and event space, Hampton Inn Philadelphia-International Airport is a convenient destination for leisure and business travelers alike.
"We are eager to bring Synergy Hospitality's core values and positive company culture to the Hampton Inn by Hilton Philadelphia-International Airport," said Synergy Hospitality CEO, Stephen Field. "Our focus is on building successful hotel cultures, and we are excited to expand our relationship with Hilton, the Hampton Inn brand, and Versant, who share in our vision to provide the best guest experience to this hotel."
Versant, who successfully recapitalized the hotel in 180 days, assisted the TIC investors by initiating the new financing, purchasing the TIC interests of those who needed to exit the investment, and utilizing Internal Revenue Code Section 721 to roll up the TIC structure into an LLC on a tax-deferred basis.
"Versant is extremely pleased with the results of the recapitalization," commented Matt Mueller, President of Versant. "Synergy Hospitality brings immense hotel management experience and we look forward to the working with them to complete the revitalization of the Hampton Inn at the Philadelphia Airport."
The tenant-in-common investors also opted to replace their former asset manager and sponsor, and selected Clear Vista Management and Virtua Partners, respectively.
About Versant Commercial Brokerage
Versant Commercial Brokerage, Incorporated is a commercial real estate firm that focuses on recapitalizing tenant-in-common owned properties. Versant specializes in providing high quality investment opportunities for individual investors by creating access to exclusive deals. Our professionals have consulted on over $3,000,000,000 of commercial real estate engagements. Please visit http://www.versantcre.com to learn more about our investor services.
About Synergy Hospitality
Based in Suburban Philadelphia, Synergy Hospitality manages extended-stay, limited-service and full service hotels throughout the Mid-Atlantic. Every decision made is based on increasing the value of our managed hotels. We believe the most critical element in enhancing the value of a hotel is to develop a passionate and motivated team that understands and lives by the core values we collectively maintain. Our experience proves how developing a successful culture leads to an extraordinary guest experience.
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