Hotel Melby Downtown Melbourne, Tapestry Collection by Hilton Breaks Ground in Melbourne, Florida

MELBOURNE, Fla., June 19, 2019 — Through a joint venture, Willow Street Capital, Opterra Capital, The Charre Group and Duke Hospitality and their capital partner, The LCP Group, announced they have broken ground on the new Hotel Melby Downtown Melbourne, Tapestry Collection by Hilton in Melbourne, Florida. Anticipated to open in late 2020, the new build property will bring casual sophistication to the heart of Florida’s Space Coast, minutes from the Orlando Melbourne International Airport.

“We are thrilled to see this project begin construction on this landmark hotel, made possible by outstanding partnerships with The LCP Group, Centennial Bank, the City of Melbourne and the downtown Melbourne community,” said Miguel Rivera, principal of Willow Street Capital, the group leading the development. “This hotel’s incredible building and beautiful design will allow us to provide our hotel and rooftop guests a relaxing, fun and memorable experience as we surround them with world-class hospitality.”

The stylish, 156-room hotel will be the first in Melbourne within walking distance to dining, shopping and nightlife. A stunning wrap-around rooftop will offer unbeatable water and city views as well as a bar and lounge. The hotel will also offer meeting spaces equipped with state-of-the-art technology, providing an unparalleled experience in the heart of the historic downtown district. Designed by Malcolm Berg’s award-winning EoA Group in collaboration with Overcash Demmit Architecture, the building will be constructed by Welbro Building Corporation. The hotel will be managed by Duke Hospitality, an experienced operator, developer and owner of hotels, with 13 properties already in its portfolio.

As part of the Tapestry Collection by Hilton portfolio, guests at the Hotel Melby, Downtown Melbourne will be able to enjoy the benefits of Hilton’s award-winning guest loyalty program, Hilton Honors. With more than 89 million members, Hilton Honors offers hundreds of ways to earn and redeem Points. Hilton Honors members who book directly through preferred Hilton channels have access to instant benefits, including exclusive member discounts and free standard WiFi. To learn more about Hilton Honors, please visit www.hiltonhonors.com.

For more information about the hotel development, visit http://www.willowstreetcapital.com/melbourne-hotel/.
Read more about Tapestry Collection by Hilton at newsroom.hilton.com/tapestry.

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About Tapestry Collection by Hilton

Tapestry Collection by Hilton, launched in 2017, is a portfolio of upscale, original hotels that offers guests unique style, vibrant personality and an authentic connection to their destination. With plans for global expansion, every Tapestry Collection property is united by the reliability that comes with the Hilton name, in addition to the benefits of the award-winning Hilton Honors program. Learn more about Hilton’s upscale collection brand at newsroom.hilton.com/tapestry, and connect with Tapestry Collection on Facebook, Instagram, and Twitter.

About Willow Street Capital

Willow Street Capital is a private development and investment firm based in Miami. Its focus is to source and execute investment opportunities with a strong risk-reward profile through disciplined research, and a network of long-standing, trusted relationships. The firm’s principals have more than 35 years of experience developing and renovating hotels and other commercial properties, executing real estate transactions, effectuating real estate turnarounds, optimizing property operations, and other aspects of real estate and hotel operations. To find out more visit www.willowstreetcapital.com.

About Opterra Capital

Opterra Capital is a real estate investment sponsor and operating partner, capital markets advisor and asset manager with significant experience in all sectors of commercial real estate. Founded by Glenn Alba, a former managing director at Blackstone with over 23 years of experience in real estate, Opterra Capital seeks to leverage this expertise towards value-add acquisition and proactive investment management to deliver attractive, risk-adjusted returns. To find out more visit www.opterracapital.com.

About The Charre Group

The Charre Group is an investment platform and operating partner in the hospitality real estate space. Mr. Christian Charre is the principal and founder of the Charre Group and has over 30 years of experience in the hospitality industry having been involved in operation, asset management, advisory and transactions. The Charre Group’s strategy is to identify and acquire value-add opportunities in the hospitality sector and leverage its expertise and knowledge to deliver attractive, risk-adjusted returns. To find out more visit https://www.linkedin.com/company/the-charre-group

About Duke Hospitality

Duke Hospitality is a focused hospitality development, management and investment company. Founded in 2004, it currently has a portfolio of nine existing hotels and four under development, with flags under the Marriott, Hyatt, Choice, and Wyndham brand families. Duke Hospitality has completed, or is currently developing, a total of 12 hotels with overall value of $110 million. To find out more visit www.dukehospitality.com.

About The LCP Group

The LCP Group, L.P. (LCP) has been a pioneer in both public and private real estate investments for more than 45 years. Today, LCP oversees a real estate portfolio valued in excess of $850 million that includes investments in existing and ground-up development projects across the real estate sector and throughout the United States. LCP specializes in sourcing investment opportunities on behalf of its clients that meet their unique investment goals and criteria. Our goal is to form integral partnerships with our investors that help them achieve high-yield returns on their real estate investment allocations. To find out more visit https://www.lcpgroup.com

About WELBRO Building Corporation

WELBRO Building Corporation has been building continuously in the Florida commercial construction market since 1979 and is dominant force in the hotel/hospitality and education markets. Other major project types include office buildings, retail/commercial and special use facilities. To find out more visit www.welbro.com.

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