News:
Brokerage
Posted: October 7, 2011
DelShah Capital brokers $4 million sale of Hampton Inn
According to Michael Shah, principal and CEO of DelShah Capital, LLC, the $4 million sale of the 78-room Hampton Inn Hotel by Hilton, at 877 Interchange Rd. to Omega Hospitality, LP has been completed. The purchase of the foreclosed property and its subsequent profitable sale is an example of DelShah's expertise in identifying distressed assets, completing foreclosure litigation, and then repositioning the asset towards a profitable exit.
"While this asset was outside of our geographic sandbox, the mortgage was sold to us by one of our very good bank relationships, and when they offered to finance our note purchase, it became impossible to say no. We knew the intrinsic value was there, and we were skilled enough in the foreclosure process to know we could get to the asset in a fairly short period of time," said Shah. "There are many other great opportunities that we are researching and analyzing at this time."
Located about 2 hours from Philadelphia, the Hampton Inn has an indoor pool, whirlpool and cardio-fitness center. The surrounding area has many natural sites and recreational areas that draw families and vacationers, such as the Poconos and Jim Thorpe historical attractions, as well as being located at close proximity to the highway for business travel.
DelShah Capital, LLC is a full-service real estate acquisition, development and management company that owns and operates multifamily and commercial properties in New York City. The company has expertise in identifying, financing, and managing real estate investments on behalf of institutional clients and for its own portfolio. DelShah specializes in the purchase and foreclosure of non-performing commercial mortgages.
The firm integrates rigorous financial and legal structuring with professional real estate asset management. This combination of disciplines makes DelShah Capital a unique operating partner. For more information on DelShah's capabilities please contact, 212-213-8777 or visit www.delshah.com.
Tags:
Brokerage
MORE FROM Brokerage
Elecor Properties executes 150,000 s/f of leases at One Market Plaza
San Francisco, CA Elecor Properties has secured four leases comprising 149,914 s/f at One Market Plaza since the beginning of the year, underscoring strong demand for premier office
Quick Hits
Columns and Thought Leadership
Tri-state capital migrates nationally amid regulation pressure - by Reese Weaver
New York tri-state multifamily investors are increasingly reallocating capital to less-regulated markets across the U.S. as rent control and legislative risk erode returns at home. With over 60% of New York City’s rental housing stock classified as rent-stabilized, the traditional value-add model — buying under-performing buildings,
A fresh start - by Shallini Mehra and Amit Doshi
For the past several years, the New York City multifamily housing market has been defined by disruption. The combined impact of the HSTPA rent laws and a sharply higher interest rate environment has fundamentally reduced
The death of the generic offering memorandum: What buyers expect in 2025 - by Kimberly Zar Bloorian
There was a time when an offering memorandum (OM) was pretty bare bones, some photos, a few bullet points on income, and a rent roll thrown in at the back. That used to get the job done. Not anymore. In 2025, buyers are sharper, faster, and more selective. They’re looking
The anticipated effect of Basel III and ISO 20022 implementation on commercial real estate - by Michael Zysman
July 1, 2025 is the deadline for US banks to begin to adopt Basel III banking standards and July 14, 2025 is the deadline for U.S. banks to adopt ISO 20022 messaging standards. Both will have a significant effect on the banking and commercial real estate (CRE) finance sectors.
.gif)