EXCEL GROUP IN has acquired the Hampton Inn Newark-Harrison-Riverwalk in Harrison, New Jersey.

Shoham Amin is a managing partner of Excel Group, a real-estate investment firm in Arlington, Virginia.

The firm plans a comprehensive, multi-million-dollar renovation of the 165-room hotel.

Harrison is next to downtown Newark. “This transaction typifies our current investment strategy of acquiring premium-branded select-service assets in strong high barrier-to-entry urban and secondary markets,” Amin said in a statement.

The deal represents the fourth major transaction for Excel Group over the past 12 months, representing a total transaction volume of approximately $100 million. In November, the company sold a portfolio of four Florida hotels totaling 469 rooms for $58.5 million. Excel Group had acquired three of the hotels in 2015 for $35 million. And the fourth hotel that same year for $11.15 million.