"From a 64-key modular build in 1998 to a 221-key Hilton Garden Inn tower in Downtown Jamaica, Queens — the pipeline has never stopped."
"We closed the Holiday Inn Plainview in 14 days, all cash, from Astoria Federal Bank. Renovated it. Took it from losing $700,000 a year to generating $1.6 million NOI. Then sold it twice."
"Every hotel we own is operated from day one by Azure Hotel Management — the same company, the same team, since 1997."
"Ground-up development. Distressed acquisition. CMBS workouts. Franchise approvals. We have done all of it, and we do it together."
From modular construction to 26-story high-rise, our development track record covers every construction type and entitlement environment — including transit-oriented projects, public-private partnerships, and Opportunity Zone sites.
Development strategy →Most distressed hotel situations are capital structure problems, not operating ones. We close fast, fund the renovation, put in our own management team, and stabilize the asset — as we did with the Holiday Inn Plainview in 2009.
Acquisition strategy →Azure is not a third-party operator we bring in. It is our own management company, handling revenue management, brand compliance, staffing, and capital planning on every asset from the day we close.
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