TMGOC Ventures Acquire 180-Room Holiday Inn Boca Raton North
CHARLESTON, S.C. / BOCA RATON, FL. – July 12, 2021
The Montford Group. and Opterra Capital LLC, announce today the acquisition of the 180-Room Holiday Inn Boca Raton North. Starting July 8, Griffin Hotel Management began operation and management of the hotel.
“We are proud to acquire the Holiday Inn Boca Raton in our home market that benefits from diverse corporate and leisure demand, accessibility to luxury shopping, restaurants and golf, and Florida Atlantic University” says Glenn Alba, Founder and CEO of Opterra Capital. ”The hotel is a hidden gem with generously sized two-room suite configurations that is well-positioned to see increasing room night demand as the market continues to recover.”
“We are elated to add a Holiday Inn to our growing portfolio of hotels. Boca Raton has excellent regional and local access and the market will greatly benefit from the migration of leisure transient demand within the entire south Florida market,” says Sunju Patel, Founder and CEO of The Montford Group.
Conveniently located in the Park of Broken Sound, directly off I-95, the hotel will undergo more renovations to upgrade the tropically landscaped courtyard and pool, the Lobby and common areas and a full revamp of the hotel restaurant. With its oversized and recently renovated guest room, a 24-hour business center, conference space, and fitness center, the Holiday Inn offers a resort-style oasis in the heart of Boca Raton.