News

JV will reposition and rebrand the Miami hotel to Hotel AKA Brickell

Project Will Serve as Piero Lissoni’s First Hotel in the United States

Austin, TX [August 3, 2021] – Korman Communities, in partnership with Verde Capital, has completed the purchase of its first property in Austin, Texas. The brand new, 226-unit, Class AA property, AVE Austin, offers a unique flexible-stay living solution in North Austin, conveniently situated between Downtown Austin and The Domain®.

Electra America Hospitality Group, a joint venture between Electra America and AKA, has acquired a former 178-key Holiday Inn & Suites in Alexandria, Va.

The joint venture, launched earlier this year, purchased a 178-room hotel in Alexandria, Virginia on Wednesday, roughly a month after acquiring the 194-room Roger New York for $19 million

A joint-venture between Florida-based Electra America and AKA Hotel Residences closed on the sale of the leasehold interest of the 193-room hotel at 131 Madison Avenue from Pebblebrook Hotel Trust.