JV acquires The Ray Hotel in Delray Beach, FL

A JOINT VENTURE between TMGOC Ventures and Certares recently acquired The Ray Hotel, Curio Collection by Hilton, a 141-room property in Delray Beach,
Florida. TMGOC Ventures, a real estate investment firm based in Boca Raton, Florida, is led by co-founders and managing partners Sunju Patel and Glenn Alba.

“The Ray is a bespoke property representing the best of both a city and beach escape in the highly sought-after market of Delray Beach,” Patel said. “This
acquisition further solidifies TMGOC’s ability to cultivate key relationships with premier brands and partners.”

The Ray Hotel, which opened in September 2021, includes three dining outlets, a rooftop restaurant and bar, a rooftop pool deck, an 1,800-square-foot fitness
center, and an event space, the companies said in a joint statement. The property is within a mile of Delray Beach and less than 20 miles from Palm Beach
International Airport and downtown West Palm Beach.