Hamister Group, LLC Announces Acquisition of Staybridge Suites University of Rochester
November 05, 2021
Buffalo, N.Y., November 5, 2021 – Hamister Real Estate Equity Fund III, LP. (Fund III), a private real estate fund sponsored by Hamister Group, LLC, announced today the acquisition of Staybridge Suites University of Rochester, an IHG Hotel in Rochester, NY.
Hamister Group, LLC will manage the 88-room extended stay hotel located directly across from the University of Rochester and University of Rochester Medical Center campuses. The hotel opened in 2008 and features rooms with full kitchens. Amenities include a fitness room, indoor pool and spa, outdoor patio with a fire pit and 3,961 square feet of meeting space.
“Staybridge Suites University of Rochester is a wonderful addition to the Hamister Group portfolio of properties. We look forward to operating this hotel which services the University of Rochester & Medical Center. The hotel offers a great opportunity for us to implement our 44-years of experience in a city like Rochester that Hamister Group has had a strong connection to since its inception. ” said Daniel M. Hamister, Chairman & CEO for Hamister Group, LLC.
The Staybridge Suites University of Rochester will become the eleventh hotel in the company portfolio– the fourth in New York State. Hamister Group is no stranger to the Rochester market, having managed Heather Heights, LLC, an assisted living residence in Pittsford, NY since it opened in 1999.
Hamister Group, LLC is a recognized leader in healthcare and hotel management headquartered in Buffalo, NY, with over 44 years of history and a track record of business success. We focus on providing exceptional service for our customers and have earned a sterling reputation for delivering results. www.hamistergroup.com Hamister Real Estate Equity Fund III, LP is a private real estate fund designed to offer investors both growth and cash-flow oriented, tax-advantaged investment vehicles through a diversified portfolio of middle-market hotels and senior housing residences which have historically been resistant in recessionary markets.
Fund III, which is sponsored by Hamister Group, LLC remains open for investment to accredited investors. Investment is offered strictly via private placement memorandum. Please visit www.Hamistergroup.com/investments for additional information and certain disclosures regarding Hamister Real Estate Equity Fund III.