HOTEL INVESTMENTS

Deliver Maximum Investment Value for our Partners

We a have solid reputation showcasing our ability to successfully open and operate a variety of hotels and resorts, and an enviable track record for the turnaround of distressed properties. We focus on potential, consistently assessing a property not for what it is, but for what it can be, regularly making market leaders out of historically poor performers.

Our Investments - Case Studies:

Marriott Kansas City Airport

Kansas City, MO

The Kansas City Airport Marriott is our most recent addition to our ownership portfolio. Acquired in August of 2015, it is a full service hotel featuring 381 guest rooms and nearly 15,000 square feet of meeting space. It the only hotel on the airport grounds and was acquired for an all-in cost of less than 50% of replacement cost. Upon acquisition, we replaced brand management, resulting in immediate incremental cash flow, which since inception has been 16% of the capital contributed and 23% of the weighted capital outstanding. In 2018, we completed a multi-million dollar transformational renovation which included all facets of the property, as well as designing and introducing a new restaurant concept, 21 Tap & Table.

DoubleTree by Hilton

South Bend, IN

The 291 room DoubleTree South Bend was acquired, as a Marriott, in August of 2011 for an all-in cost of less than 25% of replacement cost. Upon acquisition, we replaced brand management and converted to DoubleTree by Hilton. We completed a transformational renovation in 2013 and subsequently won the “Most Improved Quality Award” from Hilton Worldwide Awards of Excellence. A centerpiece of downtown South Bend, IN, after two successful refinances, we sold the property in 2017, which resulted in a cumulative 220% Return on Investment and 38% Internal Rate of Return.

DoubleTree by Hilton

Norwalk, CT

The DoubleTree Norwalk was acquired, as a Clarion, in August of 2004, after which time it was closed and underwent a comprehensive and award-winning multi-million dollar renovation and conversion from Clarion to DoubleTree by Hilton. Shortly thereafter, we realized the numerous benefits of our transformational renovation and repositioning of the 266 room property through the increased ADR and RevPAR, 40% and 78%, respectively. We sold the asset in May 2008 (just prior to the Great Recession), ultimately yielding a 37% Internal Rate of Return on the investment.

Crowne Plaza

Kansas City, MO

With 385 rooms, the Crowne Plaza Kansas City Downtown has been a great addition to our Fund era ownership portfolio. Acquired in September of 2007, we converted the hotel from Radisson to Crowne Plaza and embarked on a transformative, multi-million dollar renovation which was completed in 2009. In 2017, we successfully executed a ground sale leaseback and subsequent financing resulting in a 23% return on the original investment. Currently, we are undergoing another transformational renovation, including an update of the bar and public space, as well as a full renovation of all guest rooms. The property is located in downtown Kansas City and positioned across the street from the Kansas City Convention Center and the Municipal Auditorium, and is one block from Kansas City’s Power & Light District.