(Dallas, Texas) February 26, 2015 – Encore Hospitality, LLC, a subsidiary of Encore Enterprises, Inc., has purchased a Residence Inn hotel in McAllen, Texas and a Hampton Inn hotel in the Westshore business district of Tampa, Florida. Both properties were previously owned by Encore Hospitality and sold in 2007. The hotels are expected to undergo renovations over the next 12 months.
The McAllen Residence Inn features 78 rooms and the Tampa Hampton Inn features 132 rooms. Both hotels offer attractive amenities such as an outdoor pool, a business center, free breakfast, 350-square-feet of meeting space and high speed Internet.
“We are excited to once again own these hotels and be back in these great markets,” said Glenn Pedersen, President of Encore Hospitality. “We look forward to completing the renovations so our associates can continue to proudly deliver excellent services to our guests who will soon enjoy the newly renovated hotels.”
Both hotels are in close proximity to key landmarks such as airports, shopping malls, and various entertainment venues. McAllen, Texas is noted for its recent rapid growth and the affluent Westshore business district of Tampa contributes to Florida’s strong tourism industry.
“Business and leisure travelers alike are increasingly looking for best-in-class amenities during their stays at limited service hotels,” said Bharat Sangani, Chairman of Encore Enterprises. “Hampton Inn has been nationally recognized by JD Power as one of the top limited lodging brands and Residence Inn has consistently been recognized as the best extended stay brand. Both brands have large numbers of loyal customers. Once the renovations are complete, our hotels will offer our guests the best both brands have to offer.”
Encore Hospitality plans on spending approximately $30,000 per room on renovations.
About Encore Hospitality, LLC
Encore Hospitality, LLC is a subsidiary of Encore Enterprises, Inc., and was founded in 1999 as a fully integrated, hospitality acquisition, development and asset management company focusing on the upper mid-priced, nationally branded select-service and full-service hotel sector.
About Encore Enterprises, Inc.
Encore Enterprises, Inc. is a privately owned national real estate investment company founded in 1999 with corporate headquarters in Dallas, Texas. Encore develops, acquires, and manages hotels, multi-family communities, retail shopping centers, and commercial offices. For more information visit www.encore.bz, or call (214) 259-7000.