$50 Million JV Equity Opportunity for South Florida Hotel
We exclusively represent a best in-class Sponsor who is seeking approximately $50 million of JV equity to recapitalize a luxurious, 300-key cash flowing oceanfront hotel located in South Florida.
Property Highlights
- Seeking a like-minded partner to invest on joint venture basis. The total equity required is approximately $50 million.
- The T-12 already generates an annual double-digit cash return with an expected average cash return over 5 years of 16%. The projected IRR is near 32% with a 3.2x equity multiple.
- There are various value-add components which are not included in the projected returns, which will further increase the profitability of the Hotel.
- The hotel has multiple food & beverage outlets, an abundance of meeting space, ample parking, and a large, beautiful beach, to name just a few of its many amenities.
- Hotel is a well-known brand which has exceeded all expectations and ahead of its competitive set with the highest rating by TripAdvisor.