ATLANTA (Jan. 21, 2025) – Woodvale, the Atlanta-based private equity real estate firm, has completed the purchase of four Marriott branded hotel properties across three states in the Southeast. The portfolio, which includes Residence Inn, Courtyard, and Fairfield Inn & Suites brands, located in Georgia, Mississippi, and Alabama, totaling 363 rooms, represents an opportunistic addition to Woodvale’s assets under management. The acquisition closes out a fund raised in 2023 for the purpose of purchasing distressed assets in the Southeast.
“We’re very excited about these acquisitions and the value they bring to our investors,” said Rahim Charania, Managing Partner of Woodvale. “This fund was designed to capitalize on opportunistic pricing in a unique market environment, allowing our investors and partners to achieve exceptional returns and I feel we were able to meet those goals with this portfolio”
The debt markets have faced significant challenges in 2024, marked by rising interest rates, a lack of available financing, and a surge of approaching loan maturities across all asset classes. For commercial real estate, these pressures resulted in historically low transaction volumes and sharply declining valuations, creating rare opportunities for well-capitalized investors. Woodvale leveraged these market conditions to acquire the portfolio of four Marriott-branded properties in the Southeast.
The broader real estate market faced significant headwinds in 2024, with many transactions falling apart due to financing constraints. Sellers frequently struggled to find reliable buyers, leading to deals falling through. “Our strategy of purchasing assets all-cash proved to be instrumental, as sellers prioritized certainty of closing,” said Bashir Mansour, Vice President of Acquisitions at Woodvale. “By staying well-capitalized and maintaining an aggressive acquisition approach, we secured favorable pricing while providing sellers with the confidence they needed—a strategy that proved highly effective in this unique market environment.”
The fund’s success has positioned Woodvale to launch a follow-up fund focused on hotel and multifamily acquisitions, expected to deploy in the first half of 2025. “Building on the momentum of our first hospitality fund, we believe there is a continued opportunity to acquire high-quality assets at favorable prices,” Charania added. “The Southeast market remains strong, and we’re optimistic about the opportunities ahead.”
Media images of the portfolio and headshots of Woodvale executives available here.
The hotels in the portfolio are:
- Fairfield Inn Buford – 1355 Mall of GA Blvd. Buford, Georgia 30519
- Fairfield Inn Montgomery – 8970 East Chase Pkwy., Montgomery, Alabama 36117
- Residence Inn Southaven – 7165 Sleepy Hollow Dr., Southaven, Mississippi 38671
- Courtyard Southaven – 7225 Sleepy Hollow Dr., Southaven, Mississippi 38637
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About Woodvale
Woodvale is a leading private equity firm focused on commercial real estate in the Southeast and Central United States. For over 50 years, Woodvale has cemented itself as a leader in the development, acquisition, and management of high-quality commercial properties. Today, Woodvale manages a diverse portfolio valued at over $600 million across multiple sectors in the southeastern United States, including hospitality, media, industrial and retail. Leveraging the combined expertise and market knowledge of the team, Woodvale is dedicated to executing on strategic investments that deliver robust, risk-adjusted returns for investors while fostering positive impacts within the communities we touch For more information, visit https://www.woodvale.com/
Media contact
Rachel Tobin, rachel@tobinink.com, 404-276-5930