Hotel Equity Investment Opportunity
Fantastic opportunity to get in on the ground floor.
Normally reserved for family and friends.
Owner is developing a luxury boutique hotel located to meet growing demand of a major State University visitors and the regions business travelers through an unmatched combination of location, upscale brand, excellent management, and quality offerdings.
The Unversity has close to 20,000 students.
The development is situated on a 2.03 acre site next door to the University campus and adjacent to a brand new conference center.
The development will be comprised of over 100 units in a five story building containing approx. 67,500 square feet.
There are no existing boutique hotels serving this growing market.
Additionally, this project is pursuing a tax rebate incentive with the State and the City. The incentive provides tourism tax rebate payments equal to 80% of the amount of sales tax revenue collected from business operations for a period of 15 years or 30% of the total project cost (approx. $6M).
The equity investment is $4,000,000 which will give the equity investor a 60% ownership in this project. Return to Limited Partners are expected to be north of 17% IRR and 2x on a conservative model.
The information contained herein contains confidential and/or privileged material. Any review, retransmission, dissemination or other use of, or taking of any action in reliance upon, this information by persons or entities other than the intended recipient will be prohibited. The information contained herein has been obtained from sources believed to be reliable. While we do not doubt its accuracy, we have not verified it and make no guarantee, warranty or representation about the accuracy or completeness of the information. As a buyer, it is your responsibility to independently confirm its accuracy and completeness. Any projections, opinions, assumptions or estimates used are for example only and do not represent the current or future performance of the property. The value of this property to you depends on factors which should be evaluated by your tax, financial and legal advisors. You and your advisors should conduct a careful, independent investigation of the property to determine to your satisfaction the suitability of the property for your needs. We have no knowledge of this offering other than the information received from Seller or their representatives. We are neither your agent or an agent for the seller. We will not participate in the negotiation of the purchase price or attend the showing of this property. As a buyer, you will be required to indemnify us and hold us harmless from any kind of claim, cost, expense, or liability arising out of your investigation and/or purchase of this property.