Verakin Capital Completes Minority Investment in a Three-Hotel Portfolio
SAN MATEO, California—Officials of Verakin Capital announced that the company has completed a minority investment in a three-hotel portfolio at an undisclosed amount. This investment represents their third with Peachtree Hotel Group, totaling seven hotels in four states. “We have been able to invest in hotels at below replacement cost and, in some cases, below current market values,” said Rupesh Patel, partner at Verakin Capital. “By focusing on portfolio investments, we are able to get […]
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