Acore Capital Provides $225M Preferred Equity Investment For AJ Capital Partners' Graduate Hotels
Acore Capital Brokers Loan on a Hotel Type Property for $2,100,000,000
Summary
ACORE Capital has provided a $225 million preferred equity investment to AJ Capital Partners' Graduate Hotels, valuing the hotel brand at $2.1 billion. The Graduate Hotels portfolio consists of approximately 5,841 rooms across multiple locations. Each hotel is designed to reflect the unique character and culture of its surrounding college town, catering specifically to university visitors.
Summary of transaction details
- Property Type: Hotel Portfolio
- Transaction Amount: $2,100,000,000
- Investor: ACORE Capital
- Landlord: AJ Capital Partners' Graduate Hotels
- Brokers: Jordy Roeschlaub, Dustin Stolly from Newmark
This deal highlights the partnership between ACORE Capital and AJ Capital Partners' Graduate Hotels. ACORE Capital's $225 million investment will enable Graduate Hotels to further expand and enhance their offerings. Founded in 2014 by Ben Weprin, Graduate Hotels has established itself as a leading player in the campus-centric hotel market, providing unique accommodations for university visitors.
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