This entry treats hotels from the institutional capital-deployment angle: significant capital placed into hotel acquisition, development, and repositioning, often through funds or large operating platforms partnering with hotel management companies, to earn returns from the hotels' operating...
Log in to followReading a hotel management agreement for a friend's group because I'm the one who reads things, and I keep coming back to the same mismatch. The agreement is ten years, third part…
My mom's old coworker runs a small investment group and they're buying a 96-key limited service hotel off an interstate exit, two brands within a mile of it. He asked if I wanted…
Two deals on my desk in the same secondary metro, both offered to me as a co-invest alongside a sponsor I've met twice. Deal A, extended stay, 118 keys, built 2016, no PIP require…
I've been reading the management agreement on a select service deal a group I know is putting together, 140 keys, secondary market with a hospital and a state university inside th…
I do construction, mostly multifamily interiors, and a sponsor buying a 90-key limited service asked me to price the room renovation. Soft goods, casegoods, corridors, some bathro…
I'm still finishing my licensing hours and the broker I'm shadowing gave me a broker opinion of value to draft on a 62-key hotel in a secondary market, mostly as an exercise. I sa…
A friend from my old job runs finance at a small hospitality sponsor and offered me a $50k slot in their next fund. Three assets, all select service, two secondary markets and one…
I've got about $40k that's been sitting since I sold a small parcel last spring. A hotel fund came across my desk through someone I trust, value-add, buying select service propert…
I'm getting licensed and doing a lot of reading on the side, and hotels are the one property type where I can't follow the ownership picture. With an apartment building I understa…
I've been sitting on 6.1 acres at a highway interchange for nine years. Zoning already allows hospitality, which is why I bought it. A development arm of a hospitality fund came t…
A friend forwarded me a private placement deck for a hotel fund. Value-add, three assets, all limited service in secondary markets, one of them a repositioning where they're rebra…
Co-invest slot next to a sponsor I've done one small industrial deal with, and this is bigger and further outside what I know. Numbers as sent: Upper-midscale, 118 keys, secondary…