ASAP International Holdings ("ASAP") (OTCQB: ASAE) announced today that it has successfully advised the purchase for buyers Urban Common on the acquisition of the 254 room Ramada Hialeah Miami Airport closed on June 26, 2014.
Located in the heart of South Florida's Shopper's Paradise, the Ramada Miami Airport North is within walking distance of many retail stores and restaurants. The 254-key hotel totals approximately 157,000 square-feet. The hotel features on-site Tropicana Restaurant and Lounge and 10th Inning Sports Bar and Grill, one outdoor pool and outdoor court seating, fitness center, among other amenities.
CEO Frank Yuan and CIO Jerome Yuan led the ASAP team on the transaction. ASAP is one of the most actives hotel buyers in the U.S. for the past three years, constantly searching for more hotels and will maintain active in the hospitality buy side for the foreseeable future.
Mr. Frank Yuan stated, "The Ramada Hialeah Miami Airport represents key gateway city location that is attractive to both overseas and domestic travelers. Investment into Miami has been accelerating in past year and we are happy to announce first footprint in Florida." Yuan also commented, "We really appreciate every party in the transaction, including Urban Commons and sellers. Their cooperation was the only way to get this deal done smoothly and successfully."
About Urban Commons
Urban Commons is a real estate investment firm that specializes in hospitality and residential income generating assets. Urban Commons targets value-add property acquisitions in highly populated, predictable markets. With decades of cumulative real estate investment, development, and management experience, the company has a proven ability to thrive in the US real estate market throughout all market cycles. Urban Commons owns, manages and invests in a variety of assets including land, apartment buildings, condominium projects, hotels, retail and commercial properties. Hospitality partners include names such as, Starwood Hotels and Resorts Worldwide®, Hilton Worldwide®, InterContinental Hotels Group®, and Wyndham Worldwide®. For further information about Urban Commons, please visit www.urban-commons.com.
ASAP is a holding company that operates real estate, investment banking and consulting for Chinese companies. Our mission is to be the bridge between China and the Western world. Our Real Estate division assists with institutional and high net worth individuals with acquisition advisory and asset management. Corporate website www.asapholdings.com
With the exception of historical information, the matters discussed in this news release include "forward-looking statements" within the meaning of the federal securities laws that are qualified by cautionary statements herein and in all company's filings with the Securities and Exchange Commission. We undertake no obligation to update any forward-looking statement to conform the statement to actual results or changes in our expectations.
Ana Gandara Morales
(213) 625 1200
SOURCE: ASAP International Holdings Inc.