{"id":1004281838,"date":"2018-11-27T09:00:06","date_gmt":"2018-11-27T17:00:06","guid":{"rendered":"https:\/\/www.commercialsearch.com\/news\/?p=1004281838"},"modified":"2022-12-08T18:18:40","modified_gmt":"2022-12-09T02:18:40","slug":"excel-group-buys-de-marriott-hotel","status":"publish","type":"post","link":"https:\/\/www.commercialsearch.com\/news\/excel-group-buys-de-marriott-hotel\/","title":{"rendered":"Excel Group Buys DE Marriott Hotel"},"content":{"rendered":"<p>By Adina Marcut<\/p>\n<p>Excel Group has purchased Residence Inn Wilmington Downtown, a 96-key property in Wilmington, Del. This acquisition marks the company\u2019s fourth big transaction of the year. The hotel operates as a <a href=\"https:\/\/www.commercialsearch.com\/news\/queensgate-acquires-dc-hotel-for-54m\/\">Marriott franchise<\/a> since opening its doors in March. Canon Hospitality Management manages the property.<\/p>\n<div id=\"attachment_1004281856\" style=\"width: 310px\" class=\"wp-caption alignright\"><a href=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2018\/11\/Residence-Inn-Wilmington-Downtown.jpeg\" target=\"_blank\" rel=\"noopener\"><img decoding=\"async\" aria-describedby=\"caption-attachment-1004281856\" data-attachment-id=\"1004281856\" data-permalink=\"https:\/\/www.commercialsearch.com\/news\/excel-group-buys-de-marriott-hotel\/excel-group-building-exterior\/\" data-orig-file=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2018\/11\/Residence-Inn-Wilmington-Downtown.jpeg\" data-orig-size=\"800,621\" data-comments-opened=\"0\" data-image-meta=\"{&quot;aperture&quot;:&quot;0&quot;,&quot;credit&quot;:&quot;Excel Group&quot;,&quot;camera&quot;:&quot;&quot;,&quot;caption&quot;:&quot;Residence Inn Wilmington Downtown - Building Exterior&quot;,&quot;created_timestamp&quot;:&quot;0&quot;,&quot;copyright&quot;:&quot;&quot;,&quot;focal_length&quot;:&quot;0&quot;,&quot;iso&quot;:&quot;0&quot;,&quot;shutter_speed&quot;:&quot;0&quot;,&quot;title&quot;:&quot;Excel Group Building Exterior&quot;,&quot;orientation&quot;:&quot;1&quot;}\" data-image-title=\"Excel Group Building Exterior\" data-image-description=\"\" data-image-caption=\"&lt;p&gt;Residence Inn Wilmington Downtown &#8211; Building Exterior&lt;\/p&gt;\n\" data-large-file=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2018\/11\/Residence-Inn-Wilmington-Downtown.jpeg?w=800\" loading=\"lazy\" class=\"wp-image-1004281856 size-medium\" src=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2018\/11\/Residence-Inn-Wilmington-Downtown.jpeg\" alt=\"Residence Inn Wilmington Downtown\" width=\"300\" height=\"233\" srcset=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2018\/11\/Residence-Inn-Wilmington-Downtown.jpeg 800w, https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2018\/11\/Residence-Inn-Wilmington-Downtown.jpeg?resize=300,233 300w, https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2018\/11\/Residence-Inn-Wilmington-Downtown.jpeg?resize=768,596 768w\" sizes=\"auto, (max-width: 300px) 100vw, 300px\" \/><\/a><p id=\"caption-attachment-1004281856\" class=\"wp-caption-text\">Residence Inn Wilmington Downtown<\/p><\/div>\n<p>Located at 1300 N. Market St., the property is the first hotel to open in downtown Wilmington in 20 years. Residence Inn Wilmington Downtown offers convenient access to various offices and restaurants, as well as to Philadelphia International Airport\u2014situated 20 miles away.<\/p>\n<p>The seven-story building includes a mix of studios and one-bedroom suites. Common-area amenities and services include:<\/p>\n<ul>\n<li>free Wi-Fi<\/li>\n<li>grocery delivery service<\/li>\n<li>24-hour food and beverage market<\/li>\n<li>dry-cleaning service<\/li>\n<li>laundry room<\/li>\n<li>business center<\/li>\n<li>fitness center<\/li>\n<\/ul>\n<p>Additionally, the hotel offers two meeting rooms totaling more than 1,500 square feet for up to 49 people.<\/p>\n<p><em>&#8220;This investment aligns with our company&#8217;s investment strategy of acquiring premium-branded select-service assets in strong high barrier-to-entry urban and secondary markets,\u201d<\/em> Managing Partner&nbsp;Shoham Amin said in a prepared statement.<\/p>\n<p><em>Image courtesy of Excel Group <\/em><\/p>\n","protected":false},"excerpt":{"rendered":"<p>The hotel opened at the beginning of this year and is located near downtown Wilmington offering convenient access to Philadelphia International Airport. <\/p>\n","protected":false},"author":436,"featured_media":1004281856,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[21743,21751,21783,11,21742],"tags":[36184,33877,43151],"class_list":["post-1004281838","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-deals","category-hotel","category-investment","category-midatlantic","category-latest","tag-excel-group","tag-marriott","tag-philadelphia-international-airport"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v23.4 (Yoast SEO v24.6) - 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She joined the CPE-MHN team in 2016 and is writing real estate related news, blog articles, reports and Q&amp;As. \ud83d\udce7 You can reach out to her at adina.rogoz@cpe-mhn.com\",\"url\":\"https:\/\/www.commercialsearch.com\/news\/author\/adina-rogoz\/\"}]}<\/script>\n<!-- \/ Yoast SEO Premium plugin. -->","yoast_head_json":{"title":"Excel Group Buys DE Marriott Hotel - Commercial Property Executive","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/www.commercialsearch.com\/news\/excel-group-buys-de-marriott-hotel\/","og_locale":"en_US","og_type":"article","og_title":"Excel Group Buys DE Marriott Hotel","og_description":"The hotel opened at the beginning of this year and is located near downtown Wilmington offering convenient access to Philadelphia International Airport.","og_url":"https:\/\/www.commercialsearch.com\/news\/excel-group-buys-de-marriott-hotel\/","og_site_name":"Commercial Property Executive","article_publisher":"https:\/\/www.facebook.com\/CPExecutive","article_published_time":"2018-11-27T17:00:06+00:00","article_modified_time":"2022-12-09T02:18:40+00:00","og_image":[{"width":800,"height":621,"url":"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2018\/11\/Residence-Inn-Wilmington-Downtown.jpeg","type":"image\/jpeg"}],"author":"Adina Rogoz","twitter_card":"summary_large_image","twitter_creator":"@cpexecutive","twitter_site":"@cpexecutive","schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"WebPage","@id":"https:\/\/www.commercialsearch.com\/news\/excel-group-buys-de-marriott-hotel\/","url":"https:\/\/www.commercialsearch.com\/news\/excel-group-buys-de-marriott-hotel\/","name":"Excel Group Buys DE Marriott Hotel - Commercial Property Executive","isPartOf":{"@id":"https:\/\/www.commercialsearch.com\/news\/#website"},"primaryImageOfPage":{"@id":"https:\/\/www.commercialsearch.com\/news\/excel-group-buys-de-marriott-hotel\/#primaryimage"},"image":{"@id":"https:\/\/www.commercialsearch.com\/news\/excel-group-buys-de-marriott-hotel\/#primaryimage"},"thumbnailUrl":"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2018\/11\/Residence-Inn-Wilmington-Downtown.jpeg","datePublished":"2018-11-27T17:00:06+00:00","dateModified":"2022-12-09T02:18:40+00:00","author":{"@id":"https:\/\/www.commercialsearch.com\/news\/#\/schema\/person\/1e376ba4add70694b922380ddbe946d8"},"breadcrumb":{"@id":"https:\/\/www.commercialsearch.com\/news\/excel-group-buys-de-marriott-hotel\/#breadcrumb"},"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/www.commercialsearch.com\/news\/excel-group-buys-de-marriott-hotel\/"]}]},{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/www.commercialsearch.com\/news\/excel-group-buys-de-marriott-hotel\/#primaryimage","url":"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2018\/11\/Residence-Inn-Wilmington-Downtown.jpeg","contentUrl":"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2018\/11\/Residence-Inn-Wilmington-Downtown.jpeg","width":800,"height":621,"caption":"Residence Inn Wilmington Downtown - Building Exterior"},{"@type":"BreadcrumbList","@id":"https:\/\/www.commercialsearch.com\/news\/excel-group-buys-de-marriott-hotel\/#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/www.commercialsearch.com\/news\/"},{"@type":"ListItem","position":2,"name":"Excel Group Buys DE Marriott Hotel"}]},{"@type":"WebSite","@id":"https:\/\/www.commercialsearch.com\/news\/#website","url":"https:\/\/www.commercialsearch.com\/news\/","name":"Commercial Property Executive","description":"","potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/www.commercialsearch.com\/news\/?s={search_term_string}"},"query-input":{"@type":"PropertyValueSpecification","valueRequired":true,"valueName":"search_term_string"}}],"inLanguage":"en-US"},{"@type":"Person","@id":"https:\/\/www.commercialsearch.com\/news\/#\/schema\/person\/1e376ba4add70694b922380ddbe946d8","name":"Adina Rogoz","image":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/www.commercialsearch.com\/news\/#\/schema\/person\/image\/","url":"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2021\/05\/Adina-Rogoz.jpg?w=78","contentUrl":"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2021\/05\/Adina-Rogoz.jpg?w=78","caption":"Adina Rogoz"},"description":"Adina Rogoz is a Senior Associate Editor with Commercial Property Executive and Multi-Housing News. 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