Dubai – Mubasher: GFH Capital, a subsidiary of GFH Financial Group announced the acquisition of $250 million hospitality portfolio in the US in partnership with Arbor Lodging Partners consisting of twelve premium-branded select-service hotels located in the states of California, Connecticut, and New Jersey.

The acquired hotels’ brands fall under a Hilton Brand hotel or a Marriott Brand hotel, according to a company statement released on Saturday.

“We’re delighted to close another significant investment in the US markets, which continues to perform strongly and in this robust segment of the hospitality sector. The Portfolio is well diversified with assets located in key submarkets of the country that are showing growth and overall positive dynamics,” GFH’s CEO Hisham Alrayes commented.

GFH Capital’s partner Arbor holds a 9% stake in the portfolio and acts as the asset manager. Arbor is a specialised hospitality asset manager in the US with a strong track record in investing and managing hospitality assets.

“We’re pleased to bring what is yet another unique investment opportunity to the market and to continue enabling our investors to make the most of strong performance in solid defensive sectors in the US economy,” Alrayes said.