The Poler Team brokered AD1 Global’s acquisition of the Holiday Inn Palm Beach Airport for $20M
MIAMI, FL, (MAY 7, 2019) — The Poler Team recently announced it brokered the purchase of the Holiday Inn Palm Beach Airport for $20M between AD1 Global and PHILLIPS PALM BEACH, INC.
Kevin Poler, a principal and realtor specializing in hotel transactions lead the process, working closely with AD1 Global in order to identify off-market properties that fit its exacting criteria.
“We were able to narrow down the plethora of potential acquisitions to a very short list and then negotiated a price and satisfied conditions that benefited all parties”, said Poler.
“Kevin’s attention to detail, professionalism, and analytic expertise where fundamental to quickly reach a consensus and closing the deal without delay”, said Gisela Levy, Corporate VP of Acquisitions for AD1 Global.
The Holiday Inn Palm Beach Airport is a 199 beach-inspired rooms property, with 7,000 square feet of flexible stylish event venues that represent the best of Florida’s beautiful Orchid City and the West Palm Beach area. Just minutes from corporate destinations and fun attractions the hotel is positioned well in the market. To make the Palm Beach International Airport even more enticing AD1 Global plans a major renovation and a reflagging.
The fast-growing company has done over 10 acquisitions since 2018. With the addition of the Holiday Inn Palm Beach Airport AD1 Global’s portfolio now boasts 21 hotels, more than twice the amount they had in 2017.
To identify potential acquisitions The Poler Team uses a range of tools, including Zipper Agent as its CRM, as well as several databases that allows it to identify and keep track of properties and “trigger events” that increase the likelihood of a match.
“The process is part art, part science; and on the one-hand developing a strong relationship with a professional and award-winning hospitality company such as AD1 Global and on the other hand by working hard to gain their trust. We are very proud to have helped them broker a deal and achieve their goals”, said Poler
“AD1 Global has tremendous momentum, we have done more than 10 acquisitions in the last 12 months and with the help of Kevin and his team we are able to accelerate the pace even more”, said CEO Daniel Berman, “We are on track to acquire at least 10 additional properties this year as well”.
About AD1 Global:
AD1 Global is a fully-integrated hospitality company based in Hollywood, Florida. Involved in every facet of the business, the company focuses on everything from strategic acquisitions and new developments, to renovations, management services, and investments. AD1 Global offers complete and comprehensive hotel solutions tailored to the specific needs of each individual property. The company’s goal is to continuously improve the work process, resulting in highly profitable hotels.