The Montford Group. and Opterra Capital close out 2021 with over $200 Million in real estate transactions, adding Aloft Jacksonville before year’s end.
JACKSONVILLE, FL (December 30, 2021)- The Montford Group. and Opterra Capital LLC, (together as TMGOC.) announce their fifth hotel acquisition in Florida this year, the 136-room Aloft by Marriott, Jacksonville Airport. TMGOC is closing out 2021 with over $200 Million in real estate transactions.
The Aloft Jacksonville Airport is strategically located three miles east of Jacksonville International Airport bringing in strong airport demand and easily accessible via Interstate-95. Developed in 2009 and renovated in 2019, the hotel is located in one of the most populous cities in Florida.
“The hotel enjoys the most convenient and walkable location in the submarket surrounded by rapidly growing regional demand generators and recent development activity such as River City Marketplace, UF Health North, the under-construction Department of Veteran’s Affairs Regional Center, and more” says Glenn Alba, Founder and CEO of Opterra Capital.
“We are thrilled to invest in the dynamically growing Jacksonville market. It is a great addition to our portfolio in a well-located destination near popular Jacksonville beaches, mixed-use real estate, and the airport. The Aloft brand represents a new twist on travel with plenty of space to relax, grab a drink and enjoy the lobby. Our guests will enjoy the one-size fits all experience” says Sunju Patel, Founder and CEO of The Montford Group.
TMGOC. acquired the fee simple interest in the Aloft Jacksonville Airport, in one of the largest growing markets in the United States, on December 30th, 2021. Aimbridge Hospitality was selected to manage on behalf of the ownership.
“As we review 2021, TMGOC had a very active year, closing on over $200 Million in real estate transactions across hotel, multi-family and office sectors in Florida and Charleston, SC. Our focus on the southeastern geography in the US has provided our investors with exposure to markets that are showing outstanding growth potential” said Glenn Alba. Sunju Patel added, “This past year has been a great success for TMGOC. We are very thankful to our hard-working team, our investors, and our debt partners and we are ready to take on 2022 with multiple deals already in the pipeline.”
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