JV Equity | Off-Market 1,300-Key Hotel Portfolio | Mid-Atlantic and Midwest

September 22, 2025

The Carlton Group has been exclusively engaged to source approximately $50 million of JV equity for the off-market acquisition of a six-hotel limited-service portfolio located across the Mid-Atlantic and Midwest. The properties operate under established national flags, and the sponsor is open to a co-management/operator arrangement should the equity partner fund the full request.

Key Financials

  • JV Equity Request: $50M (with financing)
  • Total Cost: $87K/key
  • Purchase Price: $65K/key
  • T-12 NOI: $12M
  • Stabilized NOI: $18.4M
  • Going-In T-12 Cap Rate: 14.4%
  • Stabilized Cap Rate: 16.3%

 

 

The Carlton Group – New York
535 Fifth Avenue | New York, NY 10017 | +1.212.716-5611

Michael Campbell
mjc@carltongroup.com 

Brian Nuesi
bnuesi@carltongroup.com

Ryan Miller
rmiller@carltongroup.com

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JV Equity | Off-Market 1,300-Key Hotel Portfolio | Mid-Atlantic and Midwest