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Excel Group Acquires Two Hotels in Coconut Creek, Florida

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  • Hampton Inn & Suites Coconut Creek – Image Credit Hilton   

Excel Group has acquired the Hampton Inn & Suites and Residence Inn in Coconut Creek, Florida, marking its first investments in South Florida in several years.

Excel Group, a private equity firm based in Arlington, Virginia, has completed the acquisition of two hotel properties in Coconut Creek, Florida. The properties, Hampton Inn & Suites Coconut Creek and Residence Inn Fort Lauderdale Coconut Creek, are located in Broward County. These acquisitions are part of Excel Fund I’s investment strategy.

The Hampton Inn & Suites, which opened in 2014, and the Residence Inn, which began operations in 2019, each offer 105 guest rooms. Both hotels feature over 1,000 square feet of meeting space, outdoor pools, fitness centers, and communal areas. The Hampton Inn recently underwent a comprehensive renovation, updating its guestrooms and public area furnishings and design.

The hotels are situated near several key demand drivers in Coconut Creek, including two major medical centers, corporate and industrial spaces, sports facilities, and leisure attractions such as the Seminole Casino, which includes a 3,000-seat concert and entertainment venue.

Excel Group’s acquisition reflects the firm’s interest in capitalizing on the robust tourism, business, and healthcare sectors in South Florida. 

Excel Group, established in 2011, focuses on hotel real estate investments and asset management across the United States. The firm aims to make disciplined, cycle-appropriate investments in the hospitality sector.



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Some Visitors to Face $15,000 Visa Bond

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Key Points

  • The U.S. is launching a 12-month pilot program requiring visa bonds of up to $15,000 for some tourists and business travelers from countries with high visa overstay rates.
  • The program is expected to impact around 2,000 applicants and applies only to B-1 and B-2 visa categories.
  • A separate $250 Visa Integrity Fee is also being introduced, raising concerns about U.S. competitiveness in the global travel market.

Summary

The United States is set to implement a 12-month pilot program requiring selected travelers from countries with high visa overstay rates to post bonds of up to $15,000 when applying for B-1 and B-2 visas. The program, affecting an estimated 2,000 applicants, gives consular officers discretion in setting bond amounts and is intended to address national security concerns. Additionally, a new $250 Visa Integrity Fee will be imposed on most nonimmigrant visa applicants, potentially making U.S. visitor visas among the most expensive in the world and raising concerns about the country’s attractiveness to international travelers.



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Longer Trips, Bigger Planes: Europe’s ‘Average Flight’ Revealed

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Air travel in Europe is undergoing a quiet transformation, with new cross-border data offering an insight into how the “average flight” is changing.

Using statistics compiled by Eurocontrol – an air traffic control organization spanning more than 40 member states – it is possible to identify key trends about a typical flight in 2024, and learn more about where European aviation is heading:

Flights are Getting Longer

The average flight distance in Europe hit 1,157 kilometers last year – that’s just over 1,000 nautical miles. This 17 km increase on 2023 might sound modest, but it’s part of a much larger structural shift. Figures show a clear upward trend, with the 2024 average now 107 km further than in 2018. 

The reasons behind this are numerous, but there are some big-picture considerations. Domestic and regional routes are in long-term decline, often



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Oyo’s G6 Hospitality Brings Back Galaxy Hotels to Motel 6 Network

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Oyo-owned G6 Hospitality is bringing Texas-based hotel management company Galaxy Hotels Group back into its franchise network. Ten of Galaxy’s managed properties, totaling more than 1,300 rooms, will now carry the Motel 6 and Studio 6 brands.

These hotels span Nevada, California and Colorado. Skift has learned that more properties will join in coming months.

In Las Vegas, Studio 6 Suites (308 rooms) will become one of the largest Studio 6 properties in the U.S. Two other Vegas motels will also rebrand.

Galaxy operates hotels across nine U.S. states, representing brands, such as Choice Hotels International, Hilton, IHG, and Marriott. Its CEO Jagmohan D



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