Acquire Real Estate, a leader in pre-funded real estate crowdfunding, today announced that its recent investment in the DoubleTree by Hilton DFW Airport is delivering on its targeted returns.
The crowdfunding project has met its projected Year 1 return rate of 17.5% for investors and is also on track to meet its 20-24% return rate over the lifetime of the investment.
“Dallas-Fort Worth is an excellent area for investment with its strong employment growth, higher-than-average wages and skilled workforce,” said Josh Klimkiewicz, President of Acquire Real Estate. “With these demographics, and the continued rate of growth in the hotel industry, we felt that the Doubletree by Hilton DFW would be a smart investment for our Members.”
Accredited Investors are invited to join the Acquire platform at www.acquirerealestate.com.
The 282-room, 8-story hotel is owned by The Buccini Pollin Group (BPG) and is located adjacent to the Dallas-Fort Worth Airport. The property is situated in the heart of the Dallas-Fort Worth Metroplex, which ranks as one of the nation’s strongest-performing economies.
More than 15 individual investors invested in the crowdfunding project, which has benefitted from continued growth in the Dallas hotel market. According to STR Inc., the Dallas-Fort Worth lodging market grew by nearly 20% in 2015, and Dallas RevPAR (Revenue per Available Room) rose by 16.5% (to $81.64) in January 2016.
The DoubleTree by Hilton DFW Airport has also undergone new management and interior renovations, which are expected to further strengthen the crowdfunding investment’s performance.
“The hotel’s excellent location and positive cash flow made it a natural fit for the Acquire platform,” added Klimkiewicz. “As the hospitality industry continues to perform well, we’re seeing growing demand from investors for high-quality hotel opportunities like this.”
Acquire Real Estate is one of the only real estate crowdfunding platforms to pre-fund its investment opportunities. Their platform features a collection of income-producing properties from top national sponsors that are first pre-screened and then pre-funded by Acquire. Unlike competing platforms, Acquire takes a unique approach in its role as equity investor, whereby it underwrites and invests in each property prior to offering it to its Members.
To learn more about Acquire Real Estate, or to join the Acquire community, visit www.acquirerealestate.com.
