Liberty Group buys five hotels

TAMPA — Liberty Group has acquired five InterContinental Hotels Group properties throughout the southeastern United States.

“Expanding on our long-standing relationship with InterContinental Hotels Group, we are thrilled to add more than 600 guest rooms in strong geographies to our growing portfolio,” Punit Shah, CEO of Tampa-based Liberty Group, says in a press release. “The acquisitions represent strategic investments, where we can meet our return objectives through leveraging our proven managerial expertise, economies of scale and favorable capital structure.”

Four of the hotels were acquired through the Liberty Hospitality Fund I LLC. The fifth, a Tallahassee hotel, was acquired separately. Terms of the acquisitions weren't disclosed.