The Siegel Group, a real estate investment and management company, has acquired a portfolio of five extended-stay properties previously operated under the Hamilton Inn Extended-Stay brand for $29 million.
The deal increases the number of Siegel Suites and Siegel Select properties throughout the United States to 66.
Michael Crandall, senior vice president of The Siegel Group, said, “We have added eight new Siegel Select locations to our portfolio in the last 60 days. Portfolio acquisitions such as those we just closed on enable us to quickly and efficiently expand our brand. As we continue our national expansion, we will be on the lookout for additional portfolio sales that fit our acquisition criteria.”