Phoenix American Hospitality Adds Florida Hotel to Portfolio: Residence Inn by Marriott Cape Canaveral Cocoa Beach
April 4, 2019 2:43pm
COCOA BEACH, FL (April 4, 2019) – Phoenix American Hospitality has acquired an interest in a new hotel, the Residence Inn by Marriott Cape Canaveral in Cocoa Beach, Florida, and took over management of the property on March 28, 2019. With the addition of this hotel, Phoenix American Hospitality now owns 17 hotels nationwide. All 17 hotels are managed by PAH Management.
Located just one mile away from Port Canaveral, the Key West style hotel is conveniently located near popular South Florida attractions, including Cocoa Beach Pier, Kennedy Space Center, NASA and Canaveral National Seashore.
In addition, PAH Management will begin a $4.5 million property-wide renovation. The renovation will include the revitalization of all guestrooms, public areas, lobby, exterior areas updates and a new expanded fitness facility. The property updates are slated to begin Fall 2019 and will be completed early 2020.
“We are very excited to add another Florida property to our growing portfolio,” said Perch Nelson, President of Phoenix American Hospitality. “We look forward to a successful partnership and enhancing the performance of each property.”
The Residence Inn by Marriott Cape Canaveral Cocoa Beach is located at 8959 Astronaut Boulevard, Cape Canaveral, FL 32920. For more information, please click here.
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Phoenix American Hospitality (PAH) is an "opportunistic" hotel fund manager that believes that the current economic and real estate environment has created acquisition opportunities in select markets. The ability to profit in an opportunistic cycle is based upon value enhancement strategy, sound acquisition policy followed closely by Phoenix American's ability and experience to execute the strategy.
PAH Management is a fast growing, unique company that owns and manages their assets led by a team of seasoned hospitality professionals. Managing seventeen properties across the United States, PAH Management focuses on top tier Marriott, Hilton and Hyatt select service brands. PAH Management has a proven track record taking each of their properties to the next level in terms of revenue generation, quality, associate engagement and ownership returns.
Contact: Amy Wood
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