After more than four decades in the hospitality industry, Liberty Group has sold its last remaining hotels.
The Tampa-based investment firm, led by chief executive officer Punit Shah, announced the sale this week, which included Marriott and Hilton properties in Tampa, Fort Pierce, Cape Coral, Ormond Beach and The Villages.
“This is a deeply personal and historic moment for our family,” said Shah, who has led the firm’s expansion and diversification over the past two decades. “My father and I are proud of the economic impact and the thousands of jobs we’ve created in the hospitality industry over the last four decades.”
Liberty Group was founded by Shah’s father, Raxit Shah, and grew from a single property into a portfolio of 57 hotels under national brands including Hilton, Marriott and IHG. At its peak, the company oversaw more than 5,000 rooms nationwide…