LOS ANGELES, CA – 12-22-2017 (Press Release Jet) — Seasoned real estate broker Chris Lim is at it again; this time partnering with buyer and ASAP Holdings CIO Jerome Yuan on the acquisition of The Hilton Houston Galleria Area, a 293-room, soon-to-be Doubletree hotel with a prime location for substantial year-round occupancy. This transaction adds to the considerable portfolio of commercial properties Yuan has created which have garnered significant return on investment in past years.
“Since the acquisition of another Doubletree back in 2014 that has thus far netted us a 243% ROI, we’ve had the good fortune to pick substantive winners in this challenging segment,” remarked buyer and ASAP Holdings CIO Jerome Yuan. “Despite the difficulties inherent in the commercial space, we’ve put together a strong portfolio of well-supported properties in high-growth areas. With the mall and business district nearby in addition to Chinatown, this location ought to do well.”
“When it comes to execution, I’ve worked with no one better than Jerome,” said Neighborhood Consulting CEO Chris Lim. “From the initial scoping to dotting the I’s and crossing the T’s, this deal would not have been possible without Jerome’s tenacity and attention to detail. I’m thrilled to be part of what has been and will continue to be a very rewarding partnership.”
Currently a Hilton hotel, ASAP International plans to renovate the property into a Doubletree to cater to the expected clientele and maximize occupancy. The sale was concluded on November 6.
About Neighborhood Consulting
Founded by Chris Lim in 2010, Neighborhood Consulting has made a name for itself by putting together a portfolio of premier residential properties across a wide range of communities. Since his foray into commercial properties in 2010, Chris has been able to continue his trend of recognizing win-win deals that yield significant returns on investment in both the long and short term.
Learn more at: [theflipbychrislim.com].
About ASAP International Holdings
ASAP is the largest Chinese owned Private Equity firm that focuses on acquiring Hospitality and Real Estate with Asset Management throughout the entire U.S.A. Our mission is to be the bridge between China and the Western world. In past few years, ASAP has been one of the most active hotel buyers in the U.S. with the successful acquisitions over 32 hotels and over one billion dollars in total value.
Corporate website www.asapholdings.com
For the original news story, please visit https://pressreleasejet.com/news/broker-chris-lim-and-neighborhood-consulting-partners-with-asap-international-on-acquisition-of-the-hilton-houston-galleria-area.html.
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