MIAMI – Lloyd Jones, a real estate investment firm headquartered in Miami, Florida, has announced the acquisition of its first hotel, Embassy Suites by Hilton in Lubbock, TX. After tracking the property for an extended period of time, Lloyd Jones Hospitality was able to acquire the hotel in an auction for significantly below replacement cost.
“We find investment opportunities with unique value-add propositions, which takes time, but attracts long term equity partners and above average risk adjusted returns,” said Jan Liu, CIO of Hotels at Lloyd Jones.
“Hotels are one of the best inflation hedges,” said Chris Finlay, CEO & Chairman at Lloyd Jones. “We already have another hotel under LOI, with a goal to acquire three to five more this year by using our well-capitalized position to find opportunities in the market.”
Lloyd Jones will continue to diversify their hotel portfolio in 2023. This includes adding to current hospitality offerings, as well as repurposing distressed hotels.
About Lloyd Jones LLC
Lloyd Jones is a real estate investment firm with 40 years of industry experience under the continuous direction of Chairman/CEO, Christopher Finlay. Based in Miami, the firm specializes in multifamily and senior housing investment, development, and management. Investment partners include private and institutional investors and family offices around the world.
To learn more about Lloyd Jones, visit lloydjonesllc.com