May 11, 2017
The Carlton Group has been exclusively engaged by a highly experienced, decorated hotelier to arrange for an equity partner to participate in the acquisition, branding, and repositioning of the best hotel located on the waterfront in Victoria, BC. This historic hotel was fully re-built in 2012 with exquisite quality, and to restore the charm and detail of the prior hotel (the owner spent over $1 million / key). The hotel currently consists of 100 hotel keys with 20 residences, and our client intends to convert some of the redundant office space and existing residences to create 50 additional hotel rooms.
As such, the existing hotel key count will increase to 150 keys and our client has made a deal with one of the top hotel companies in the world to brand and manage the property. In fact, the flag is so confident in its ability to operate the property at the highest possible level that it is providing a NOI guarantee for the first three years of operation. The hotel’s club-like atmosphere features high-end appointments and amenities not found at other hotels in Victoria and FF&E that compliments its irreplaceable waterfront setting.
With respect to the capitalization, we are interested in a partner investing approximately $23 million and the sponsor will invest $7 million. The structure can either be preferred or pari passu and as indicated the above the returns here are excellent.
Cher Chang | 张育瑞
Head of Asia Division|亚太区负责人
The Carlton Group|卡尔顿集团|全球房地产私募股权投资银行
560 Lexington Avenue – 10th Floor
New York, NY 10022
917.332.2059 Direct| 电话
604.729.3586 Cell | 手机
212.504.8342 Fax | 传真
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