Acquire Real Estate, a real estate crowdfunding platform, announced on Tuesday its recent investment in the DoubleTree by Hilton DFW Airport is delivering on its targeted returns.
The project reportedly 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. Speaking about the investment’s success, Josh Klimkiewicz, president of Acquire Real Estate, stated:
“Dallas-Fort Worth is an excellent area for investment with its strong employment growth and skilled workforce. 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.”
More than 15 individual investors invested in the crowdfunding project, which has benefitted from continued growth in the Dallas hotel market. 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. It has 282-room and 8-stories.
Klimkiewicz added:
“The hotel’s excellent location and positive cash flow made it a natural fit for the Acquire platform. As the hospitality industry continues to perform well, we’re seeing growing demand from investors for high-quality hotel opportunities like this.”
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