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TRACK RECORD

SOLD

Renaissance Woodbridge
(IRR 40.47%)

• Bought at 85% LTC, a very high levered deal, makes Investment IRR up to 40.37%
• Finished $7MM renovation, re-branding to Delta Hotel by Marriott.
• Exit to Singapore REIT IPO at unbelievable low cap rate of 4.83%.

DoubleTree by Hilton Salt Lake City Airport
(IRR 31.71%)

• Bought right at a high cap rate of 9.08%.
• Executed great exit strategy by selling to Singapore REIT IPO with 5.8% cap rate within two years.
• Finished $3MM renovation on guest rooms and lobby on time within the budget.

Hilton Atlanta Northeast
(IRR 21.16%)

• Exit to Singapore REIT IPO at unbelievable low cap rate of 5.19%.
• NOI increased by 2.3 times, from $1.4MM to $3.2MM, after $8MM renovation.
• Shared few key exacutives with near-by Atlanta Marriott Norcross to save $300K – $400K payroll.

Doubletree by Hilton Norwalk
(IRR 45%)

• Typical California real estate transaction, buy low and sell high.
• Bought during financial crisis at $12MM, minimum PIP and sold it at $42MM.
• NOI tripled from $0.75MM to $2.5MM.

VALUE ADD

DoubleTree by Hilton Hotel San Pedro

• Bought during financial crisis at $12MM. Today market value is over $40MM.
• Finished $4MM renovation. NOI increased by 2.4 times.
• Replaced low rated Air Tahiti with higher rated Air China.
• Refinanced couple times to cash out equity and profits without any tax liabilities.

Marriott Fullerton

• Acquired at $20M during the financial crisis, current market value over $40MM.
• Finished Marriott brand standard renovation within the budget.
• Selling Disney tickets at the front desk to be a part of Disney hotels, increased weekend buisness.
• Managed parking structure for students parking and increased revenue.

DoubleTree by Hilton Berkeley Marina

• Acquired at $45MM during financial crisis, current market value over $90MM.
• Increased RevPAR by $43.08 (34.4%).
• Increased EBITDA from $4.9MM to $7.3MM (48.8%) by placing right management teams.
• Took major renovation in 2018, anticipated ADR increase 10%-15% in 2019.

Atlanta Marriott Norcross

• Acquired at $12M during the financial crisis, current market value over $34MM.
• Finished Marriott brand standard renovation within the budget.
• Shared few key executives with near-by Hilton Atlanta Northeast to save $300K- $400K payroll.
• After renovation, this hotel always ranks number one of 6 comp set hotels in RevPAR.