Valencia Hotel Group has announced the acquisition of two boutique hotels, Cavalry Court and The George, in College Station, Texas, US.

The purchase was supported by the company’s equity raise, which is said to be its largest-ever equity raise.

Valencia Hotel Group acquired a controlling interest in the properties from Harrison Street, an investment management company based in Chicago.

The latest move offers the group majority interest in all hotels under its management.

Valencia Hotel Group chief operations officer Roy Kretchmer said: “Our team is incredibly proud to announce this historic milestone for Valencia Hotel Group. This equity raise and subsequent acquisition of Cavalry Court and The George not only marks our largest investment to date but also reinforces our dedication to expanding our footprint in key markets.

“We look forward to building upon the strong foundation that Harrison Street has established and furthering our commitment to delivering exceptional experiences for our guests.”  

Cavalry Court features a variety of accommodation options, including deluxe and classic rooms as well as junior suites.

It also has The Canteen Bar & Grill and offers 6,000ft² of indoor and outdoor event space, comprising The Stables Ballroom and Parade Green.

The George has 162 rooms, the 1791 - Whiskey Bar, an outdoor swimming pool, a fitness centre, 5,800ft² of event space, and more.

Valencia Hotel Group specialises in the development of new hotels and the refurbishment of acquired properties.

The company’s portfolio includes Texican Court Irving, Hotel Valencia Santana Row San Jose, Lone Star Court Austin, and more.