Marriott and Embassy Suites Convention Center

Marriott and Embassy Suites Convention Center

Winston Salem, NC

PROPERTY DETAILS

  • 467 rooms (combined)
  • Convention center assets
  • $20MM deep value-add
  • JV in association with HVMG (operating partner)
  • Highly financially structured transaction
  • Associated with city lease for 100,000 SF convention center

SERVICES

  • Equity Investment
  • Deal structuring

RESULTS

  • Renovation completed on budget 

  • Stabilized NOI at 200% of pre-renovation levels 
Home2 Suites by Hilton Stafford

Home2 Suites by Hilton Stafford

Houston (MSA), TX

PROPERTY DETAILS

  • 91 rooms
  • Ground-up development

SERVICES

  • Equity investment
  • Planning and construction phase support
  • Pre-opening and opening services
  • Property management

RESULTS

  • Ramped property after opening despite downturn in market
  • Original investment thesis regarding high barriers to entry in submarket protected asset value compared to assets in other submarkets