From the desk:
The PIP lands inside the hold on a DST hotel
A DST offering came across my desk with two documents that don't agree with each other. Single asset, 96-key limited service hotel, upper-midscale flag, secondary sunbelt market o…
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Hotel investing means owning lodging properties that rent rooms to guests on a nightly basis, generating revenue through room rates, occupancy, and ancillary services.
Log in to followA DST offering came across my desk with two documents that don't agree with each other. Single asset, 96-key limited service hotel, upper-midscale flag, secondary sunbelt market o…
Notice came Friday. The sponsor on a 78-key leisure-destination hotel wants $1.1M of new money across the LP class, $780k of it for working capital through shoulder season and $32…
Under contract review on a 62-key exterior corridor extended-stay in a secondary market, one interstate exit, hospital and two distribution employers inside four miles. Asking $4.…
$340k of a $4.1M equity raise, LP units, no control, no consent rights beyond the usual major-decision list. The documents came in three pieces: a franchise license agreement, a m…
Small town, two hours from anything, single-story L-shaped motel, 14 units, all with exterior doors onto the parking lot. Seller is 74 and wants out, asking $410k, says he'd take…
A sponsor I've co-invested debt with twice is buying a 120-key full-service hotel out of a lender-driven sale. Purchase $8.9M, so about $74k a key on a property that was built for…
I bid $164k to redo roofs, 26 guest bathrooms, and replace eight through-wall HVAC units at a small independent lodge near a state park. Seasonal place, exterior corridors, family…