GREAT NECK, New York, November 12, 2019…United Capital Corp. announced today that it has completed the acquisition of the Embassy Suites by Hilton in Columbus, Ohio. This marks the company’s first Embassy Suites and its seventh Hilton branded property.

The newly renovated Embassy Suites by Hilton Columbus Airport is located at 2886 Airport Drive, Columbus, OH. It is the premier full-service hotel in the Columbus area and a preferred choice for business travel, Columbus vacations, and convention guests. The property is centrally located to all Columbus has to offer, just one mile from John Glenn Columbus International Airport and close to the Ohio History Center, Franklin Park Conservatory, Botanical Gardens and a short distance from the Ohio State Fairgrounds and just 10 miles from The Ohio State University.

Each of its 198 spacious two-room suites includes a separate living area and features a pillowtop bed, an LCD television with digital programming, as well as a wet bar, refrigerator, and microwave. You can enjoy the comfortable, home-like amenities in your suite or visit the unique stainless-steel indoor pool, 24-hour fitness center, or stop by the Flight Bistro and Bar for a complimentary evening reception or a casual dinner. This all-suite hotel also serves a freshly prepared, made to order, and complimentary breakfast each morning.

In commenting on the announcement, A.F. Petrocelli, United Capital’s Chairman, noted, “This is one of the finest designed and renovated Embassy Suites in the brand and we are proud to be adding it to the UCC portfolio. We continue to look for similar opportunities to deploy our more than $500 million in available equity and to grow and enhance our current holdings.”

United Capital Corp. and its subsidiaries own and manage more than 150 real estate properties nationwide as well as two manufacturing companies providing engineered products to industrial and automotive markets worldwide.  In addition to the Embassy Suites, Columbus, the Company’s hotel portfolio also includes the Marriott Orlando Downtown, Delta by Marriott, in Utica, New York, Hilton Albany, New York, four DoubleTree by Hilton hotels in Miami, Florida, Windsor Locks, Connecticut, Rochester, New York, and South Bend, Indiana, the Nashua Radisson in Nashua, NH, and the Ocean Place Resort & Spa, located on the beach in Long Branch, NJ.

Certain statements in this press release and other statements made by the Company or its representatives that are not strictly historical facts are “forward-looking” statements within the meaning of the Private Securities Litigation Reform Act of 1995 that should be considered as subject to the many risks and uncertainties that exist in the Company’s operations and business environment.  The forward-looking statements are based on current expectations and involve a number of known and unknown risks and uncertainties that could cause the actual results, performance and/or achievements of the Company to differ materially from any future results, performance or achievements, expressed or implied, by the forward-looking statements.  Readers are cautioned not to place undue reliance on these forward-looking statements, and that in light of the significant uncertainties inherent in forward-looking statements, the inclusion of such statements should not be regarded as a representation by the Company or any other person that the objectives or plans of the Company will be achieved.  The Company also assumes no obligation to publicly update or revise its forward-looking statements or to advise of changes in the assumptions and factors on which they are based.