Revitalizing Beachfront Property - David Crantz and Cantor Capital Group Enter Into Contract on a Daytona Beach Hotel

SCOTTSDALE, AZ--(Marketwired - May 6, 2015) - David Crantz and Cantor Capital Group are pleased to announce that they have entered into contract on a popular Daytona Beach hotel that just needs a little bit of TLC to become a world-class establishment. Due to the sensitive nature of the contract, none of the parties involved are able to reveal the address or specific contract details at this time.

Crantz's vision for this property is to revitalize it and take it from a 6 CAP to a 12 CAP in a very short amount of time. While the property is sustainable in its present condition, Crantz strongly believes that with the appropriate management team in place, this 216-room gem can realize a much greater profit potential.

"It was hard to say no to this property when I saw the specs and comps and was able to take a personal tour of it," said David Crantz. "It's located right on the ocean, and has the potential to be one of the most popular properties in the area. All it needs is a little bit of TLC."

Cantor Capital Group has earmarked a name for itself by providing direct lending and syndication of real estate transactions throughout Arizona, California and Florida. The company regularly purchases and develops residential, commercial and mixed zone real estate on behalf of its investors, with a specific goal of buying at well below market value, rehabbing and reselling.

About Cantor Capital Group

Cantor Capital Group provides direct lending and syndication of real estate transactions throughout Arizona, California and Florida, with a specific focus on buying properties at below market value, rehabbing them and reselling them later. The company focuses on both commercial and residential properties, with the goal of revitalizing areas and helping to fuel the local economy.