Last updated: 13:46 / Monday, 5 May 2014
Hospitality industry

EXAN Capital and Trust Hospitality Join Forces to Fuel Growth in New York and Miami

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EXAN Capital and Trust Hospitality Join Forces to Fuel Growth in New York and Miami

The asset management company, EXAN Capital, has reached an agreement with Trust Hospitality, a company with over 25 years experience in the hospitality industry, allowing it to extend its capacity and growth rate to be able to align their interests with those of investors through the opportunities presented in the market for hotels.

For EXAN Capital, a comprehensive real estate services platform focused on the commercial sector, and which is headed by Juan José Zaragoza and Juan Arcila, this partnership consolidates an important branch of its platform and strategically positions them within the hospitality industry in such important and competitive markets as Miami and New York.

Trust Hospitality, which is based in Miami, is a leading player in its sector, especially within the boutique hotel segment and primarily in Miami and New York. Its objectives are co-development and management, and it operates a portfolio of over 30 hotels in the U.S., the Caribbean and Latin America.

“Our company offers a comprehensive service to clients and investors in the world of hotels. Our extensive experience and flexibility in project structuring, management, and operation, has allowed us to participate, operate, and structure many operations in various national and international markets. We are hoteliers, it is what we do, what we know, and what has fascinated us for over 40 years,” explained Richard Millard, chairman and CEO of Trust Hospitality to Funds Society.

For Juan Arcila, managing partner at EXAN Capital, “Miami’s fundamentals are changing drastically, it is emerging from a city of limited services to become a major city which is nationally and internationally recognized for its services.”

Likewise, Arcila stressed that this agreement “allows us to expand our services to access the hotel market’s best possible operations, which is an important component within our range of investment opportunities. Our involvement in the process will continue to be comprehensive, not acting exclusively in the transactional part, but accompanying the investor in the structuring, acquisition, tax structuring, financing and investment management,” he added.

 

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