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RobertDouglas Advises on the Sale of the Sheraton Dallas-Fort Worth Airport Hotel

RobertDouglas - 9 October 2017
New York, NY -- RobertDouglas announced today that it advised a private owner in the sale of the Sheraton Dallas-Fort Worth Airport Hotel to the Buccini/Pollin Group.The Sheraton is a recently-renovated, full-service property with 302 spacious rooms, 30,000 square feet of meetings and event space, and a thoughtful mix of premium guest amenities. The property is located in the heart of the multi-faceted Dallas-Fort Worth International Airport submarket and benefits from a robust corporate, event and travel infrastructure, including over 30 million square feet of office space, the nation's third-busiest airport, and the 275,000 square foot Irving Convention Center."Dallas-Fort Worth is one of the most dynamic submarkets in the Dallas Metroplex and one of the most heavily trafficked business-travel corridors in the entire country," commented David Smith, a Director with RobertDouglas. "The region's business-friendly environment and excellent infrastructure has compelled a number of companies to relocate to Dallas from other parts of the country, fueling substantial demand growth."Evan Hurd, a Managing Director with RobertDouglas noted, "The Sheraton features many of the characteristics investors are seeking - a strong in-place yield, a location in a market with multiple demand generators, and relatively little capital required post acquisition. As a result, this was a highly-competitive process that generated multiple offers from investors including private equity funds, 1031 investors, owner-operators, and high-net-worth investors.". . . . . . . . . . . . . . . . . . . . . . .RobertDouglas is a real estate investment banking firm with offices in New York, Los Angeles and San Francisco that specializes in the sale, financing and equity capitalization of hotel, resort and gaming properties throughout North America. Founded by two of the hotel industry's pre-eminent finance professionals, Rob Stiles and Doug Hercher, RobertDouglas offers exceptional domestic and international institutional investor and lender relationships. RobertDouglas combines the capital markets sophistication of top-tier investment banks with detailed hotel underwriting and asset management experience, providing the firm with unique capabilities in an underserved market. For more information, contact info@robert-douglas.com or go to www.robert-douglas.com.
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RobertDouglas Advises Hospitality Resorts on CAD$213 Million Financing for Two Niagara Falls Hotels

RobertDouglas - 8 August 2017
New York, NY -- RobertDouglas announced today that it has advised Hospitality Resorts Inc. on a CAD$213 million refinancing of the 1,006-key Hilton Niagara Falls/Fallsview Hotel and Suites, located in Niagara Falls, Ontario. Hospitality Resorts Inc. is a privately-owned hotel investment, development and management company that has been active in the Niagara hotel and restaurant businesses for more than 40 years. The fixed-rate, fifteen-year financing, one of the largest single hotel financings ever in Canada, was provided by Pacific Life.The Hilton Fallsview is comprised of three towers, including a 53--story tower completed in 2009, and has 417 luxurious suites, making it one of the largest hotels in Canada, and also among the largest independently-managed Hilton hotels in the world. Connected to the Fallsview Resort, the hotel's over- sized rooms offer spectacular views of the American and Canadian falls, as well as access to a wide array of resort amenities.The proceeds of the financing will be used to fund significant new improvements to the hotel, including adding 81 new guestrooms, expanding and renovating the lobby, creating an enclosed, roof-top pool with views of the Falls, expanding the restaurant space of the Hotel, adding high-end retail, and helping to underwrite the development of a 5,000 seat theater connected to the Hotel and to the Fallsview Resort."The Niagara Falls market has been one of the strongest-performing markets in North America during the past three years," observed David Smith, Director at RobertDouglas, "and the ownership continues to re- invest in the Hilton Fallsview to solidify its position as the market's dominant corporate and leisure property.""The management team at Hospitality Resorts is committed to making the Hilton Fallsview the heart of a larger entertainment/resort complex. The investments they are making in the Hotel's restaurants, guestrooms, public spaces and, most importantly, the addition of a new theater complex will pay dividends for years to come," remarked Douglas Hercher, Managing Director at RobertDouglas." Ultimately, it was the strength of their ownership and management that made this financing possible."About RobertDouglasRobertDouglas is a real estate investment banking firm with offices in New York, Los Angeles and San Francisco that specializes in the sale, financing and equity capitalization of hotel, resort and gaming properties throughout North America. Founded by two of the hotel industry's pre-eminent finance professionals, Rob Stiles and Doug Hercher, RobertDouglas offers exceptional domestic and international institutional investor and lender relationships. RobertDouglas combines the capital markets sophistication of top-tier investment banks with detailed hotel underwriting and asset management experience, providing the firm with unique capabilities in an underserved market. For more information, contact info@robert- douglas.com or go to www.robert-douglas.com.
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RobertDouglas Advises McNeill Hotel Company on the Joint Venture Equity and Senior Debt Financing for the Acquisition of a Three-Hotel Portfolio in Idaho and Utah

RobertDouglas - 25 July 2017
San Francisco, CA -- RobertDouglas announced today that it advised McNeill Hotel Company in securing a $38 million non-recourse senior mortgage and arranging joint venture equity for the acquisition of three select service hotels in Idaho and Utah. The 10-year, fixed-rate financing was provided by Bank of America Merrill Lynch and will be contributed to a commercial mortgage backed securitization pool.Strategically situated along the I-84 Corridor, the 110-room Homewood Suites Boise, 107-room Hilton Garden Inn Twin Falls, and 106-room Hampton Inn and Suites Salt Lake City West Jordan will undergo renovations to improve the properties' guestrooms and select public areas.David Smith, Director at RobertDouglas, noted, "The growth rate and performance of McNeill's assets under management were a key component in attracting like-minded equity investors to the project.""McNeill's resounding sponsorship coupled with compelling in-place net cash flow, and strong Hilton brand-affiliations created a deep financing bid. Ultimately, Bank of America was able to differentiate themselves from the pack and offer the most attractive solution for McNeill," noted Chris Ropko, Managing Director at RobertDouglas.McNeill has also retained RobertDouglas to raise an initial commitment of $50 million of joint venture equity to accelerate the roll-out of the firm's growing platform of strategically-located premium select-service hotels.---About McNeill Hotel CompanyHeadquartered in Germantown, Tennessee, McNeill Hotel Company focuses on select service hotels with a growth strategy based on a mix of new hotel development, meaningful acquisitions and third party management agreements. The company is an approved franchisee for both Marriott and Hilton. Phillip McNeill, Jr and Mark Ricketts, the company's principals, are 2nd generation hoteliers with over 60 years of combined institutional experience in the hotel industry, encompassing nearly every discipline of the business. About RobertDouglasRobertDouglas is a real estate investment banking firm with offices in New York, Los Angeles and San Francisco that specializes in the sale, financing and equity capitalization of hotel, resort and gaming properties throughout North America. Founded by two of the hotel industry's pre-eminent finance professionals, Rob Stiles and Doug Hercher, RobertDouglas offers exceptional domestic and international institutional investor and lender relationships. RobertDouglas combines the capital markets sophistication of top-tier investment banks with detailed hotel underwriting and asset management experience, providing the firm with unique capabilities in an underserved market. For more information, contact info@robert-douglas.com or go to www.robert-douglas.com.
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RobertDouglas Advises Luxe Hotels on Strategic Refinancing of the Luxe Rodeo Drive Hotel in Beverly Hills, California

RobertDouglas - 21 June 2017
Los Angeles, CA -- RobertDouglas announced today that it advised on the refinancing of the Luxe Rodeo Drive Hotel in Beverly Hills, California. The low-leverage, ten-year, fixed-rate, interest-only financing was provided by a leading real estate finance company and will ultimately be contributed to a commercial mortgage backed securitization pool. The terms of the refinancing were not disclosed.The 84-room boutique Luxe Rodeo Drive Hotel is the flagship of the Luxe Hotels brand and boasts the distinction of being the only hotel located on the world-famous street, Rodeo Drive. The property is situated in the heart of Beverly Hills' famed "Golden Triangle" on the 300-block of Rodeo Drive and includes 6,800 square feet of fully-leased ground floor retail space on Rodeo Drive.Set amongst couture fashion houses and restaurants, the hotel provides its guests with the sense of being in a private club, with exclusive access to the Luxe Club on Rodeo lounge and the Rooftop360 spa, fitness studio and outdoor cinema space which are exclusively available to guests staying at the hotel. Known for conveying a stylish blend of the relaxed Southern California spirit and the elegance of Beverly Hills, the hotel's wrap-around Rodeo penthouse terrace and open rooftop deck are part of the many indoor/outdoor meeting spaces at the property."This was a highly competitive process with lenders responding enthusiastically to the financing request," noted Stephen O'Connor, a Principal and Managing Director of RobertDouglas. "Without overburdening this flagship asset for Luxe Hotels, the Sponsor was seeking to consolidate debts across their portfolio while lowering their average cost of capital and fully mitigating interest rate risks over the long term.""We sourced a lender who delivered maximum flexibility at highly efficient pricing with a smooth underwriting and closing process; thereby ensuring the long-term financing security for this truly irreplaceable asset," remarked Lindsey Whang, Associate at RobertDouglas.About RobertDouglasRobertDouglas is a real estate investment banking firm with offices in New York, Los Angeles and San Francisco that specializes in the sale, financing and equity capitalization of hotel, resort and gaming properties throughout North America. Founded by two of the hotel industry's pre-eminent finance professionals, Rob Stiles and Doug Hercher, RobertDouglas offers exceptional domestic and international institutional investor and lender relationships. RobertDouglas combines the capital markets sophistication of top-tier investment banks with detailed hotel underwriting and asset management experience, providing the firm with unique capabilities in an underserved market. For more information, contact info@robert-douglas.com or go to www.robert-douglas.com.
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RobertDouglas Advises on the $51 Million Acquisition Financing of the Napa Wine District's Hotel Yountville

RobertDouglas - 31 May 2017
New York, NY - RobertDouglas announced today that it advised Ashford Hositality Prime, Inc in securing a $51 million non-recourse senior mortgage to finance their acquisition of the 80-room Hotel Yountville with a national commercial bank.Located in the heart of downtown Yountville, the culinary epicenter of Napa Valley, the property is within easy walking distance to the region's most celebrated restaurants, including The French Laundry."The low leverage financing request backed by a publicly traded institutional sponsor uniquely coupled with the management synergies of the recently acquired Bardessono Hotel and Spa located less than half a mile away attracted strong interest among lenders," noted Chris Ropko, Managing Director at RobertDouglas."The acquisition price and resultant loan per key also compared favorably to market data points, remarked Robert Stiles, Principal and Managing Director at RobertDouglas.---RobertDouglas is a real estate investment banking firm with offices in New York, Los Angeles and San Francisco that specializes in the sale, financing and equity capitalization of hotel, resort and gaming properties throughout North America. Founded by two of the hotel industry's pre-eminent finance professionals, Rob Stiles and Doug Hercher, RobertDouglas offers exceptional domestic and international institutional investor and lender relationships. RobertDouglas combines the capital markets sophistication of top-tier investment banks with detailed hotel underwriting and asset management experience, providing the firm with unique capabilities in an underserved market. For more information, contact info@robert-douglas.com or go to www.robert-douglas.com.
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Waterton to Retain RobertDouglas to Facilitate Hotel Management Platform Growth

RobertDouglas - 24 May 2017
CHICAGO -- Waterton, an experienced owner and operator of hospitality and multifamily properties, announced today it will retain real estate investment banking and advisory firm, RobertDouglas to conduct a mergers & acquisitions search in order to further grow its hotel management platform.Waterton, which currently operates 13 properties in six states with several industry-leading brand affiliations, is seeking to explore opportunities with mid-sized hotel companies with geographically diversified portfolios in strong primary and secondary markets."This is a transformative point in our growing hotel platform," said Nir Liebling, Chief Investment Officer of Hospitality at Waterton. "We are excited to share our vision for the business with prospective partners."As a deeply experienced intermediary in the hotel space, RobertDouglas has the expertise necessary to transform Waterton's hotel platform by facilitating new market entry and helping achieve necessary scale. RobertDouglas' approach will also be focused on helping Waterton build relationships to create longer-term opportunities with groups not immediately prepared to transact. RobertDouglas will also actively work to improve Waterton's current management platform based on analysis of potential targets."Waterton's institutional-quality investment and operating platform make its hotel management business uniquely positioned for growth via a strategic transaction," commented Rob Stiles, a Principal and Managing Director at RobertDouglas. "We are proud to be representing Waterton in this effort and are confident that the market will respond favorably to its best-in-class track record and hospitality leadership."About RobertDouglasRobertDouglas is a real estate investment banking firm with offices in New York, Los Angeles and San Francisco that specializes in the sale, financing and equity capitalization of hotel, resort and gaming properties throughout North America. Founded by two of the hotel industry's pre-eminent finance professionals, Rob Stiles and Doug Hercher, RobertDouglas offers exceptional domestic and international institutional investor and lender relationships. RobertDouglas combines the capital markets sophistication of top-tier investment banks with detailed hotel underwriting and asset management experience, providing the firm with unique capabilities in an underserved market. For more information, contact info@robert-douglas.com or go to www.robert-douglas.com.About WatertonWaterton is a real estate investor and operator with a focus on U.S. multifamily and hospitality properties. Founded in 1995, Waterton executes value-add strategies and manages a national portfolio of multifamily and hospitality properties on behalf of institutional investors, family offices and financial institutions. Since its formation, the company has acquired over $6.5 billion in real estate assets. Waterton is privately held and is headquartered in Chicago with regional teams throughout the United States. As of December 31, 2016, Waterton's portfolio includes approximately $4.2 billion in real estate assets, including approximately 15,000 multifamily units and 10 hotels. Visit Waterton's website: www.waterton.com.
commercial

RobertDouglas Advises VanTrust Real Estate LLC on the Sale of Hotel Sorella Country Club Plaza, Kansas City, MO

RobertDouglas - 26 April 2017
New York, NY -- RobertDouglas announced today that it advised VanTrust Real Estate LLC on the sale of Hotel Sorella Country Club Plaza. Hotel Sorella was acquired by a partnership between a real estate investment management firm and a privately-held hotel management company.The Hotel Sorella opened in November 2013 to critical acclaim and features 132 oversized guestrooms, a rooftop pool and bar, 6,000 square feet of meeting space and a host of amenities. Hotel Sorella is part of the Plaza Vista mixed-use development that also includes a 250,000 square-foot, class AA office building, and a 940-space subterranean parking garage. The development occupies an irreplaceable location directly adjacent to Country Club Plaza, a 55-acre, luxury lifestyle center located in the heart of Kansas City's Plaza District that was recently purchased for $660 million by a partnership between Taubman Centers, Inc. and The Macerich Company."The Plaza District is home to Kansas City's premier retail, residential and office markets and is among the Midwest's most liquid lodging markets," commented David Smith, a Director with RobertDouglas. "Opportunities to acquire hotels in this coveted neighborhood are rare. That, combined with the hotel's striking design, high quality of construction, excellent physical plant, and thoughtful development program generated substantial investor interest.""Hotel Sorella satisfied many of the characteristics hotel investors are seeking today - irreplaceable real estate, a high-rated market with dynamic demand generators, and the ability to create value with any number of potential initiatives," said Evan Hurd, a Managing Director with RobertDouglas. "As a result, a broad range of investors expressed interest in the hotel.". . . . . . . . . . . . . . . . . . . . . . .RobertDouglas is a real estate investment banking firm with offices in New York, Los Angeles and San Francisco that specializes in the sale, financing and equity capitalization of hotel, resort and gaming properties throughout North America. Founded by two of the hotel industry's pre-eminent finance professionals, Rob Stiles and Doug Hercher, RobertDouglas offers exceptional domestic and international institutional investor and lender relationships. RobertDouglas combines the capital markets sophistication of top-tier investment banks with detailed hotel underwriting and asset management experience, providing the firm with unique capabilities in an underserved market. For more information, contact info@robert-douglas.com or go to www.robert-douglas.com.
commercial

RobertDouglas Advises Partnership on the $57 Million Refinancing of the Marriott St. Louis Grand in St. Louis, Missouri

RobertDouglas - 3 March 2017
New York, NY -- RobertDouglas announced today that it advised on the $57 million refinancing of the Marriott St. Louis Grand hotel. The five-year, floating rate financing was provided by a debt fund managed by Apollo Global Management.St. Louis is renown as a business-friendly city with world-class universities, two legendary major league sports franchises, award-winning restaurants and an abundance of art and entertainment venues that support a dynamic year-round base of hotel demand. The 917-key Hotel, which was acquired by an affiliate of Haberhill LLC in 2014 and converted from a Renaissance-branded hotel to the Marriott Grand following the completion of a comprehensive, top-to-bottom renovation in 2015, is situated directly opposite the America's Center Convention Center and is a short walk from St. Louis's famed Gateway National Park and the city's beloved Cardinal Stadium.Evan Hurd, a Managing Director of RobertDouglas, noted "lenders responded with enthusiasm to the strength of the St. Louis market, the quality of newly-renovated hotel and the healthy in-place cashflow of the Marriott St. Louis.""Apollo was thoughtful in their approach to the financing, helping to meet ownership's goals for the property while delivering highly-competitive terms and pricing as well as being responsive throughout the process," remarked Doug Hercher, Managing Director and Principal at RobertDouglas.RobertDouglas is a real estate investment banking firm with offices in New York, Los Angeles and San Francisco that specializes in the sale, financing and equity capitalization of hotel, resort and gaming properties throughout North America. Founded by two of the hotel industry's pre-eminent finance professionals, Rob Stiles and Doug Hercher, RobertDouglas offers exceptional domestic and international institutional investor and lender relationships. RobertDouglas combines the capital markets sophistication of top-tier investment banks with detailed hotel underwriting and asset management experience, providing the firm with unique capabilities in an underserved market. For more information, contact info@robert-douglas.com or go to www.robert-douglas.com.
commercial

RobertDouglas Announces the Promotions of Evan Hurd and Christopher Ropko to Managing Director

RobertDouglas - 19 January 2017
New York, NY -- Leading hospitality investment banking firm RobertDouglas announced the promotion of two senior members of the firm to the level of Managing Director. Evan Hurd, based in New York, and Christopher Ropko, based in San Francisco, have each contributed significantly to the firm's rapid growth working as advisors to private and institutional clients throughout North America."I am delighted to welcome Chris and Evan to the highest rank of our leadership team," said Robert Stiles, Managing Director and co-founder of RobertDouglas. "They have each helped establish RobertDouglas as one of the leading hospitality transaction advisory firms in the nation. Douglas Hercher, Managing Director and co-founder of RobertDouglas added that "these promotions mark a milestone in their careers and evidence the depth of talent within RobertDouglas."Evan Hurd focuses on advising clients in the sale, financing, and joint venture capitalization of institutional-quality hotel properties and portfolios throughout North America. Recent transactions led by Mr. Hurd include the sales of the 70 Park Avenue Hotel and Jade Hotel in Manhattan, the sale of the Ames Hotel in Boston, arranging the sale and subsequent financing of the Tarrytown House Estate on the Hudson in Tarrytown, New York, and advising in the restructuring of a significant hotel portfolio in New York City.Prior to joining RobertDouglas in 2013, Mr. Hurd served as an acquisitions officer at Barings Real Estate Advisers (f.k.a. Cornerstone Real Estate Advisers), where he was involved in over $750 million of hotel acquisitions on behalf of a closed-end discretionary fund, Mass Mutual Financial Group, and other separate-account clients. Prior to that role, Mr. Hurd was a Director of Acquisitions at HEI Hotels & Resorts, and involved in numerous value-add transactions on behalf of HEI Hospitality Funds II & III. Mr. Hurd is a graduate of Cornell University's School of Hotel Administration and is a regular speaker at industry events.Christopher Ropko specializes in raising debt and equity capital at the property, portfolio, and entity level for private and institutional clients. Recent transactions led by Mr. Ropko include the $820 million Denihan/Pebblebrook Joint Venture restructuring, the record-setting sale of the Capella Hotel in Washington, D.C., and the $670 million refinancing of a national portfolio of Courtyard by Marriott Hotels.Prior to joining RobertDouglas at the firm's inception, Mr. Ropko was a portfolio manager at PIMCO focusing on public and private commercial real estate investments through the $2.4 billion Bank Recapitalization and Value Opportunities (BRAVO) Fund I at PIMCO. Prior to that, Mr. Ropko was an associate at Goldman Sachs in the Merchant Banking Division where he focused on hotel investments through the Whitehall series of real estate private equity funds. Mr. Ropko is a graduate of Cornell University's School of Hotel Administration and is a regular speaker at industry events.. . . . . . . . . . . . . . . . .RobertDouglas is a real estate investment banking firm with offices in New York, Los Angeles and San Francisco that specializes in the sale, financing and equity capitalization of hotel, resort and gaming properties throughout North America. Founded by two of the hotel industry's pre-eminent finance professionals, Rob Stiles and Doug Hercher, RobertDouglas offers exceptional domestic and international institutional investor and lender relationships. RobertDouglas combines the capital markets sophistication of top-tier investment banks with detailed hotel underwriting and asset management experience, providing the firm with unique capabilities in an underserved market. For more information, contact info@robert-douglas.com or go to www.robert-douglas.com.
commercial

RobertDouglas Advises Denihan in the $320 Million Financing of Four Manhattan Hotels

RobertDouglas - 31 October 2016
RobertDouglas is pleased to announce that it advised Denihan in procuring $320 million of senior debt to refinance the Benjamin, Shelburne NYC, Fifty NYC, and Gardens NYC. The five-year financing was provided by Broad Street Real Estate Credit Partners II, L.P., a credit fund managed by the Merchant Banking Division of Goldman Sachs.The four-hotel, 917-room portfolio is wholly-owned by Denihan following the restructuring of its joint venture with Pebblebrook Hotel Trust. The portfolio includes three properties operating within the Affinia Hotel Collection, as well as the luxury independent, 209-room Benjamin located at Lexington Avenue and 50th Street. The Affinia assets - also located in Manhattan and managed by Denihan - include the Shelburne NYC in Murray Hill; Fifty NYC in Midtown Manhattan; and Gardens NYC on the Upper East Side."Despite the difficult operating conditions in New York City, the Denihan portfolio includes some of the strongest performing hotels in the market and lenders responded positively to this financing" observed Doug Hercher, Principal and Managing Director of RobertDouglas. Chris Ropko, Senior Director of RobertDouglas, added "we are at a transitional moment in the capital markets, with regulatory changes and slowing hotel fundamentals, particularly in Manhattan, creating challenges for lenders. Goldman Sachs was unique in its ability to see through the headlines and make a loan that reflects their long-term confidence in the New York market, the portfolio and the Denihan organization."Rob Stiles, Principal and Managing Director of RobertDouglas added, "The Denihan family has delivered legendary hospitality in New York City through multiple generations. Their long-term commitment to their properties and the market drove a very accommodative loan structure that will allow Denihan to meet its objectives and position the company for future growth."About RobertDouglasRobertDouglas is a real estate investment banking firm with offices in New York, Los Angeles and San Francisco that specializes in the sale, financing and equity capitalization of hotel, resort and gaming properties throughout North America. Founded by several of the hotel industry's pre-eminent hotel finance professionals, RobertDouglas offers exceptional domestic and international institutional investor and lender relationships. RobertDouglas combines the capital markets sophistication of top-tier investment banks with detailed hotel underwriting and asset management experience, providing the firm with unique capabilities in an underserved market. For more information, contact info@robert-douglas.com or go to www.robert-douglas.com.
commercial

RobertDouglas Advises Denihan Hospitality Group in the Restructuring of its Joint Venture Partnership with Pebblebrook Hotel Trust on the Manhattan Collection Portfolio

RobertDouglas - 20 October 2016
RobertDouglas announced today that it acted as the exclusive financial advisor to Denihan in the restructuring of its joint venture partnership with Pebblebrook Hotel Trust (NYSE: PEB) on six upper upscale hotels in Manhattan known as the Manhattan Collection. The restructuring includes an exchange of ownership interests, with Denihan assuming full ownership of The Benjamin, Shelburne NYC, Fifty NYC, and Gardens NYC hotels and Pebblebrook assuming full ownership of the Manhattan NYC and Dumont NYC. The transaction values the six hotel portfolio at $820 million, or roughly $460,000 per key."After several months of cooperative discussions and negotiations with Pebblebrook and its advisors, we settled on a solution that fulfills Denihan's desire to remain a concentrated long-term owner in Manhattan, consistent with their family's legacy" said Robert Stiles, Managing Director and Principal of RobertDouglas."Notwithstanding the relatively strong performance of this portfolio in the face of the headwinds in New York City, Pebblebrook, like many REITs, has been interested in reducing its exposure in New York and gaining full ownership of its properties," notes Chris Ropko, Senior Director of RobertDouglas. "We were able to achieve balanced valuations on both sides of the transaction that reflect current market conditions as well as the unique nature of these properties.""We are delighted to have been able to assist Denihan, an award-winning, multi-generational owner/operator of luxury and upper upscale hotels, structure a solution that meets its own long-term investment goals as well as the needs of its publicly-traded investment partner," remarked Douglas Hercher, Managing Director and Principal of RobertDouglas. "The constantly evolving capital markets forced us to evaluate a wide range of alternatives, but we believe this transaction positions the company for robust growth going forward in its core New York portfolio and also more broadly with its James brand.""The team at RobertDouglas systematically worked with us to advise our management team and Advisory Board on the universe of potential outcomes," said Glenn Wasserman, Chief Financial Officer of Denihan. "Their depth of relationships and ability to reach across the aisle and work hand-in-hand with Pebblebrook and its advisors helped us achieve our goals."About RobertDouglasRobertDouglas is a real estate investment banking firm with offices in New York, Los Angeles and San Francisco that specializes in the sale, financing and equity capitalization of hotel, resort and gaming properties throughout North America. Founded by several of the hotel industry's pre-eminent hotel finance professionals, RobertDouglas offers exceptional domestic and international institutional investor and lender relationships. RobertDouglas combines the capital markets sophistication of top-tier investment banks with detailed hotel underwriting and asset management experience, providing the firm with unique capabilities in an underserved market. For more information, contact info@robert-douglas.com or go to www.robert-douglas.com.About DenihanDenihan is a privately-held, full service management and development company operating as Denihan Hospitality and Denihan Investments. The company owns and/or operates boutique hotels in major urban markets throughout the U.S. For over 50 years, Denihan has built a world-class lodging investment platform within the boutique/lifestyle hotel space, creating value by acquiring, repositioning and managing independent assets.The Denihan portfolio includes properties operating under The James and Affinia Hotel Collection brands, as well as several Manhattan independent boutique hotels, including The Surrey, voted the #1 hotel in New York City in the Conde Nast Traveler 2016 'Readers' Choice Awards' and #1 hotel in New York City in Travel + Leisure's 2016 'World's Best Awards'. The Denihan portfolio also includes an impressive list of chef-driven restaurants and bars.The company's uniquely guest-centric approach, refined through three generations of Denihan leadership, has made it an industry leader in hospitality, property and restaurant development, as well as hotel operations, management and marketing.
commercial

RobertDouglas Advises a Partnership of Institutional Private Equity Funds on the Sale of Tarrytown House Estate on the Hudson, Tarrytown, NY

RobertDouglas - 20 September 2016
RobertDouglas announced that it advised a partnership of institutional private equity funds on the sale of the Tarrytown House Estate on the Hudson to a consortium of New York-based real estate investors.Recognized as the nation's first conference center hotel, Tarrytown House is situated on 26 picturesque acres and features several historic structures among its 14 buildings, including nineteenth century mansions formerly owned by Mary Duke Biddle and Thomas M. King. In addition to its 212 guestrooms, some of which overlook the Hudson River or offer views of the Manhattan skyline, the property also features 28,500 square-feet of IACC-certified indoor meeting space, the award-winning Cellar 49 restaurant, indoor and outdoor swimming pools, and a full-service fitness center."This is a one-of-a-kind property and an exciting transaction," commented David Smith, a Senior Associate with RobertDouglas. "Tarrytown House's sprawling grounds, its outstanding location 24 miles north of Midtown Manhattan, and its deserved reputation as the region's premier conference center hotel made it a compelling investment opportunity. The estate is a unique piece of New York history and we are excited to see its new owners execute on their business plan.""Tarrytown House satisfied many of the characteristics hotel investors are seeking today - irreplaceable real estate, attractive going-in yield, a high-rated market with dynamic demand generators, and the ability to create value with any number of potential initiatives," said Evan Hurd, a Senior Director with RobertDouglas. "As a result, a broad range of investors expressed interest in the hotel.". . . . . . . . . . . . . . . . . . . . . . .RobertDouglas is a real estate investment banking firm with offices in New York, Los Angeles and San Francisco that specializes in the sale, financing and equity capitalization of hotel, resort and gaming properties throughout North America. Founded by two of the hotel industry's pre-eminent finance professionals, Rob Stiles and Doug Hercher, RobertDouglas offers exceptional domestic and international institutional investor and lender relationships. RobertDouglas combines the capital markets sophistication of top-tier investment banks with detailed hotel underwriting and asset management experience, providing the firm with unique capabilities in an underserved market. For more information, contact info@robert-douglas.com or go to www.robert-douglas.com.
commercial

RobertDouglas Advises 21c Museum Hotels in Securing Growth Joint Venture with Junius Real Estate Partners

RobertDouglas - 19 September 2016
RobertDouglas announced today that it advised 21c Museum Hotels in their selection of Junius Real Estate Partners ("Junius") as a strategic capital and growth partner. Junius, is a specialized real estate investment unit of the J.P. Morgan Private Bank, a division of J.P. Morgan Asset Management. Junius Hospitality Partners ("JHP"), a fund managed by Junius, has made an investment in 21c Museum Hotels. Under the agreement, JHP will deploy dedicated capital toward developing up to $250 million in projects for 21c's expansion. As part of the transaction, JHP will own a minority stake in the operating company."Together, 21c Museum Hotels and Junius have created a powerful venture to accelerate the growth of this unique and innovative hospitality concept," said Douglas Hercher, Managing Director and Principal of RobertDouglas."There is simply no hotel concept in the US that is as loved by or has as great a positive impact on its guests, its employees and each local community," notes Robert Stiles, Managing Director & Principal of RobertDouglas."The team at RobertDouglas was instrumental in helping us find the best partner for 21c's next phase of growth," said Craig Greenberg, President of 21c Museum Hotels. "The depth of their industry experience and relationships make them trusted advisors. They took the time to understand our objectives and developed a solid plan to help us achieve those."Financing has closed on the development of 21c Museum Hotel Nashville, 21c's first joint venture with Junius. The property, a historic rehabilitation of downtown's Gray & Dudley Building, is slated to open the first half of 2017. 21c Nashville will include 124 hotel rooms, over 10,500 square feet of museum and event space and five rooftop-level rooms, including two suites, with private terraces. 21c will manage the property and have joint ownership.21c has doubled its footprint over the past 18 months, adding three new hotels and restaurants and 31,000 square feet of contemporary art museum and event space. The company now operates six hotels, seven restaurants and employs over 1,000 people. 21c has added significant resources to its Louisville, Kentucky headquarters in all areas of the business including corporate sales, operations, museum, design, marketing and other functions. About RobertDouglasRobertDouglas is a real estate investment banking firm with offices in New York, Los Angeles and San Francisco that specializes in the sale, financing and equity capitalization of hotel, resort and gaming properties throughout North America. Founded by two of the hotel industry's pre-eminent finance professionals, Rob Stiles and Doug Hercher, RobertDouglas offers exceptional domestic and international institutional investor and lender relationships. RobertDouglas combines the capital markets sophistication of top-tier investment banks with detailed hotel underwriting and asset management experience, providing the firm with unique capabilities in an underserved market. For more information, contact info@robert-douglas.com or go to www.robert-douglas.com. About 21c Museum Hotels21c Museum Hotels, an award-winning hospitality company based in Louisville, Kentucky, is pushing the boundaries of both the museum and hotel worlds to create a new kind of travel experience. The company was founded as a single property by contemporary art collectors and preservationists Laura Lee Brown and Steve Wilson, whose mission was to share innovative contemporary art with the public and participate in the revitalization of downtown Louisville. The couple opened the first 21c Louisville in 2006 along downtown's West Main Street, rehabilitating a series of 19th century warehouses to create an innovative union of genuine hospitality, thoughtful design and culinary creativity -- all anchored by a contemporary art museum with thought-provoking exhibitions, interactive site-specific art installations and a full roster of cultural programming. Today, 21c operates six hotels and seven restaurants in Louisville, Kentucky; Cincinnati, Ohio; Bentonville, Arkansas; Durham, North Carolina; Lexington, Kentucky and Oklahoma City, Oklahoma. 21c Nashville is currently under construction. Projects are under development in Kansas City, Missouri and Indianapolis, Indiana. The company is equally focused on creating unique, chef-driven restaurants that are as much a part of the community as the hotel. 21c operates a diverse roster of restaurants including Proof on Main at 21c Louisville, Metropole at 21c Cincinnati, The Hive at 21c Bentonville, Counting House at 21c Durham, Lockbox at 21c Lexington, Mary Eddy's Kitchen x Lounge at 21c Oklahoma City and Garage Bar in Louisville, Kentucky. Visit 21cMuseumHotels.com for more information. For press information contact:INFO@ROBERT-DOUGLAS.COM
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RobertDouglas Debuts On Hotel Sale League Tables At #7 For First Half Of 2016

RobertDouglas - 19 August 2016
New York, NY - RobertDouglas announced its presence in the market loudly with its #7 national ranking in Real Estate Alert's "Top Brokers of Hotels in the First Half." The firm closed five transactions totaling $320 million and only narrowly missed beating out real estate giants HFF and C&W in the rankings. For more details, please visit the following link:http://www.robert-douglas.com/market-news/news-robertdouglas-debuts-on-hotel-sale-league-tables-at-7-for-first-half-of-2016
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RobertDouglas Advises KHP Capital Partners on the Sale of 70 Park Avenue Hotel, New York, NY

RobertDouglas - 28 June 2016
RobertDouglas announced today that it advised KHP Capital Partners in the sale of the 70 Park Avenue Hotel. The 205-room boutique hotel, located on Park Avenue at 38th Street in the heart of Manhattan's Park Avenue South neighborhood, was purchased by a Spanish real estate investment company. The property will be managed by Mallorca-based Iberostar Hotels & Resorts - it will be their first U.S. hotel property -- and will be renamed the Iberostar 70 Park Avenue."The 70 Park Avenue Hotel is located in one of Manhattan's most exciting neighborhoods. Long known as an esteemed residential address featuring tree-lined streets and classic architecture, Park Avenue South is transforming into a dynamic neighborhood squarely in path of development pushing south from Midtown and north from Madison Square Park," commented Evan Hurd, a Senior Director with RobertDouglas. "The property's prestigious address and strong reputation, combined with the planned renovation and dynamic neighborhood, position the property to be among New York's premier boutique hotels.""There is still deep interest among hotel investors in acquiring assets in Manhattan. However, identifying the most aggressive buyers today, generally private U.S. investors and offshore groups, requires a more committed marketing effort than was the case when the large REIT and institutional investors dominated the market between 2012 and 2015," said Doug Hercher, a Managing Director with RobertDouglas. "In the case of 70 Park Avenue, a broad range of domestic and international investors expressed interest in the hotel, and the final sale price is testament to Manhattan's attractiveness as a place to invest for the long term."---RobertDouglas is a real estate investment banking firm with offices in New York, Los Angeles and San Francisco that specializes in the sale, financing and equity capitalization of hotel, resort and gaming properties throughout North America. Founded by two of the hotel industry's pre-eminent finance professionals, Rob Stiles and Doug Hercher, RobertDouglas offers exceptional domestic and international institutional investor and lender relationships. RobertDouglas combines the capital markets sophistication of top-tier investment banks with detailed hotel underwriting and asset management experience, providing the firm with unique capabilities in an underserved market. For more information, contact info@robert-douglas.com or go to www.robert-douglas.com.
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RobertDouglas Advises Castleton Hotel Partners I, LLC in the $65 Million Sale of the 49-room Capella Washington, D.C., Georgetown

RobertDouglas - 22 April 2016
RobertDouglas announced today that it advised Castleton Hotel Partners I, LLC in the sale of the ultra-luxury Capella Washington, D.C. to an affiliate of CTF Development International for $65 million. Following the acquisition, CTF Development International plans to rebrand the hotel under Rosewood Hotels & Resorts, its first ever in the nation's capital.Opened in April 2013 to international critical acclaim under the vision of developer Bruce Bradley of Castleton Holdings, LLC and legendary hotelier, Horst Schulze, founder and CEO of Capella Hotels & Resorts, the world-class Capella Washington, D.C. incorporates design, furnishings, materials, and fine arts of exceptional quality. Encompassing approximately 59,800 square feet with 49 guestrooms and suites, the property is an intimate urban retreat located along the historic C&O canal in the heart of Georgetown - the upscale, high-end residential and retail district of Washington, D.C."When we originally acquired the historic office building, we immediately knew the location presented a unique opportunity to achieve something spectacular, providing immediate access to the heart of vibrant Georgetown, while simultaneously serving as a quiet retreat," remarked Bruce F. Bradley, President of Castleton Holdings. "Working with world renowned designer Peter Silling and architect MichaelWinstanley, we created a hotel that feels like an exquisitely appointed private residence in large part due to the incredible attention to detail and craftsmanship of the tradesman involved - who made the vision a reality, and one that has captured the attention of international travelers and investors alike.""We're honored to have a group like CTF/Rosewood recognize the value of this unique asset and include it in their international collection of iconic properties" commented Darik Elwan principal of ICG Properties LLC, an early equity partner in the development of the property.Chris Ropko, Senior Director at RobertDouglas stated "Washington, D.C. boasts one of the most resilient lodging markets in the world with some of the strongest underpinnings to bolster sustained long-term growth. As Rosewood expands its footprint globally, this acquisition represents a marquis addition to the portfolio as the premier ultra-luxury property in one of the top gateway markets of the United States.""The Capella Washington, D.C. has raised the bar for ultra-luxury urban accommodations. Every corner of the Property features the very finest quality in decor and finishes, which has been recognized throughout the industry press, trade publications, and every major travel and leisure authority. The combination of the quality and intimate scale of the hotel with Rosewood's reputation for customized service will deliver a guest experience unequaled in the market," added Robert Stiles, Principal and Managing Director at RobertDouglas.About RobertDouglasRobertDouglas is a real estate investment banking firm with offices in New York, Los Angeles and San Francisco that specializes in raising debt and equity capital for hotel, resort and gaming properties and lodging and leisure affiliated entities throughout North America. Founded by two of the hotel industry's preeminent finance professionals, Rob Stiles and Doug Hercher, RobertDouglas offers exceptional domestic and international institutional investor and lender relationships. RobertDouglas combines the capital markets sophistication of top tier investment banks with detailed hotel underwriting and asset management experience, providing the firm with unique capabilities in an underserved market. For more information, contact info@robert-douglas.com or go to www.robert-douglas.com.About Castleton Hotel Partners I, LLCCastleton Hotel Partners I, LLC is an affiliate of Washington, D.C. based Castleton Holdings, LLC and includes partners ICG Properties LLC, Eastern Star and Vega Management.Founded in 1993, Castleton Holdings is a privately held real estate investment company that engages in the acquisition and development of institutional-quality real estate. Led by its Founder Bruce Bradley, Castleton leverages over 30 years of experience in the commercial real estate market as developer, investor and advisor, comprising over $1 billion in transactions across various real estate asset classes. Castleton's most recent development activity includes the critically acclaimed 5-star Capella hotel in Washington DC, Georgetown and the new Capella-managed, 214 room, 4-star "Solis Hotel Two Porsche Drive" in Atlanta, GA, scheduled to open in August of 2017. The project will reflect Porsche's renowned design aesthetic and adjoins their North American Headquarters and Experience Center near the Atlanta Hartsfield Jackson International Airport.About Rosewood Hotels & ResortsRosewood Hotels & Resorts(r) manages 18 one-of-a-kind luxury properties in 11 countries, with 17 new hotels under development. Each Rosewood hotel embraces the brand's A Sense of Place(r) philosophy to reflect the individual location's history, culture and sensibilities. The Rosewood collection includes some of the world's most legendary hotels and resorts, including The Carlyle, A Rosewood Hotel in New York, Rosewood Mansion on Turtle Creek in Dallas and Hotel de Crillon, A Rosewood Hotel in Paris, as well as new classics such as Rosewood Beijing. Rosewood Hotels & Resorts targets to double its number of hotels in operation by 2020. About Capella Hotels and ResortsCapella Hotels and Resorts serves today's top-tier travelers and residential property owners and is setting a new standard in the hospitality industry. Capella promises the unique benefits of the finest boutique hotels, including superb architecture and interior design, privacy, individualized service and attention to detail - combined with the amenities and activities of the world's great luxury hotels and resorts. Capella has opened world-class properties in gateway cities and high-profile resort destinations around the world, including: Breidenbacher Hof, a Capella Hotel (Dusseldorf, Germany); Capella Ixtapa (Ixtapa, Mexico); Capella Singapore (Sentosa Island, Singapore, and most recently Capella Marigot Bay Resort and Marina, Saint Lucia.Capella's upcoming hotels include the Capella Shanghai, Jian Ye Li, scheduled to open in March 2017, and Capella Bangkok, situated on the banks of the Chao Phraya River, opening in 2017 as well.
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RobertDouglas Advises on the Sale of the Courtyard Providence Warwick, Warwick, Rhode Island

RobertDouglas - 29 March 2016
RobertDouglas announced today that it advised affiliates of the Waterford Group in the sale of the Courtyard Providence Warwick in Warwick, Rhode Island. Originally developed by the seller and opened in 2003, the 92-room, institutional-quality hotel was acquired by one of the largest private real estate companies in the United States and an active investor in hotels. Waterford Hotel Group, an affiliate of the Waterford Group, will continue to manage the property for the new owner."There is strong demand for high-quality, premium-branded select-service properties," commented Douglas Hercher, a Managing Director with RobertDouglas, "and this opportunity was met by the market with a high degree of enthusiasm."Mark Wolman, a principal with Waterford Group, observed that "our partners and I are pleased to have been able to complete the sale of Courtyard Providence Warwick. Additionally, Waterford Hotel Group is excited to begin a new relationship with the buyer, which we hope will be the catalyst for a number of future deals together.""A broad range of investors expressed interest in the hotel" said Evan Hurd, a Senior Director with RobertDouglas. "The buyer was thoughtful in their approach to this transaction, helping to meet ownership's goals. Additionally, their decision to retain Waterford Hotel Group is testament to the strength of the incumbent manager's operating platform."------RobertDouglas is a real estate investment banking firm with offices in New York, Los Angeles and San Francisco that specializes in the sale, financing and equity capitalization of hotel, resort and gaming properties throughout North America. Founded by two of the hotel industry's pre-eminent finance professionals, Rob Stiles and Doug Hercher, RobertDouglas offers exceptional domestic and international institutional investor and lender relationships. RobertDouglas combines the capital markets sophistication of top-tier investment banks with detailed hotel underwriting and asset management experience, providing the firm with unique capabilities in an underserved market. For more information, contact info@robert-douglas.com or go to www.robert-douglas.com.
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RobertDouglas Advises on the $60,000,000 Sale of the Wyndham Garden Manhattan Chelsea West in New York, NY

RobertDouglas - 2 March 2016
RobertDouglas announced today that it advised Gemini 37 West 24th Street MT, LLC, a subsidiary of Gemini Real Estate Advisors, in the sale of the Wyndham Garden Manhattan Chelsea West. The sale was arranged pursuant to a Chapter 11 proceeding and closed on Feb. 29, 2016. The 124 key hotel, located steps from Madison Square Park in the heart of the dynamic Flatiron District, was purchased by Fortuna Realty Group, LLC for $60,000,000, or approximately $485,000 per key, following a lively auction administered by the U.S. Bankruptcy Court for the Southern District of New York."This sale creates an opportunity for Fortuna to add to its already impressive portfolio of lifestyle hotels," said Evan Hurd, Senior Director at RobertDouglas. "The property's high quality facilities and ideal location at the heart of New York's technology and media scene make it well positioned to take advantage of the ongoing growth of the Midtown South submarket.""The transaction was completed after a complex bankruptcy process at an attractive purchase price, and is an excellent outcome for our investors," said Dante Massaro, president of Gemini Real Estate Advisors. "We are excited to see a group with a long-term stake in this neighborhood execute its vision for this quality property. This is the third closing and brings us one step closer to completing the sale of the four properties from the Chapter 11 proceeding.""This deal speaks to the resiliency of the market for high quality lodging assets in New York City," commented David Smith, a Senior Associate at RobertDouglas. "The final purchase price of over $480,000 per key represents a significant premium to the stalking horse bid, creating a favorable outcome for our client and underscoring the confidence that long-term investors have in this one-of-a-kind market.". . . . . . . . . . . . . . . . . . . . . . .RobertDouglas is a real estate investment banking firm with offices in New York, Los Angeles and San Francisco that specializes in the sale, financing and equity capitalization of hotel, resort and gaming properties throughout North America. Founded by two of the hotel industry's pre-eminent finance professionals, Rob Stiles and Doug Hercher, RobertDouglas offers exceptional domestic and international institutional investor and lender relationships. RobertDouglas combines the capital markets sophistication of top-tier investment banks with detailed hotel underwriting and asset management experience, providing the firm with unique capabilities in an underserved market. For more information, contact info@robert-douglas.com or go to www.robert-douglas.com.
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RobertDouglas Advises on the $38,300,000 Sale of the Best Western Seaport Inn, New York, NY

RobertDouglas - 1 February 2016
New York, NY - February 1, 2016 - RobertDouglas announced today that it advised 33 Peck Slip Acquisition LLC, a subsidiary of Gemini Real Estate Advisors, in the sale of the Best Western Seaport Inn. The sale, which closed on January 29, 2016, was the result of a Chapter 11 proceeding administered by the U.S. Bankruptcy Court for the Southern District of New York. The 72-key hotel, located in the heart of the Seaport District in lower Manhattan, was purchased for $38,300,000 by the Howard Hughes Corporation."The historic Seaport Inn is a unique asset in one of Manhattan's most exciting neighborhoods offering a number of value creation opportunities," commented Douglas Hercher, a Managing Director with RobertDouglas. "The Seaport District is currently in the midst of a $1.5-billion transformation being led by the Howard Hughes Corporation, so their interest in acquiring this hotel, which will be incorporated into their sweeping vision for the Seaport District and the South Street Seaport, is understandable."Dante Massaro, a principal with Gemini Real Estate Advisors, observed that "we are pleased to have been able to complete the sale of the Best Western Seaport Inn, and are excited to see its full potential realized by the Howard Hughes Corporation, a firm with a substantial stake in the surrounding area.""The Seaport District and the adjacent Financial District are experiencing a wave of positive development that will fundamentally change these neighborhoods in the next several years and drive substantial lodging demand" said Evan Hurd, a Senior Director with RobertDouglas. "A broad range of domestic and international investors expressed interest in the hotel, and the final sale price of over $530,000 per room is a testament to the property's appeal as an attractive long-term investment to capitalize on the neighborhood's anticipated growth.". . . . . . . . . . . . . . . . . . . . . . .RobertDouglas is a real estate investment banking firm with offices in New York, Los Angeles and San Francisco that specializes in the sale, financing and equity capitalization of hotel, resort and gaming properties throughout North America. Founded by two of the hotel industry's pre-eminent finance professionals, Rob Stiles and Doug Hercher, RobertDouglas offers exceptional domestic and international institutional investor and lender relationships. RobertDouglas combines the capital markets sophistication of top-tier investment banks with detailed hotel underwriting and asset management experience, providing the firm with unique capabilities in an underserved market. For more information, contact info@robert-douglas.com or go to www.robert-douglas.com.
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RobertDouglas Advises on the $78,000,000 Sale of the Jade Hotel Greenwich Village, New York, NY

RobertDouglas - 6 January 2016
New York, NY - January 6, 2016 - RobertDouglas announced today that it advised 52 West 13th P, LLC, a subsidiary of Gemini Real Estate Advisors, in the sale of The Jade Hotel Greenwich Village. The sale was the result of a Chapter 11 proceeding administered by the U.S. Bankruptcy Court for the Southern District of New York. The 113-key boutique hotel, located on West 13th Street in the heart of Greenwich Village, was developed by Gemini and was purchased for $78,000,000 by a venture comprised of Bridgeton Holdings and an offshore family office."Greenwich Village is a unique market in New York," commented Douglas Hercher, a Managing Director with RobertDouglas, "and the Jade Hotel is a jewelbox property that is perfectly positioned to deliver guests both the quiet ambiance of the Village's beloved tree-lined streets and a location that is within walking distance of the education, technology, entertainment, fashion, art and media businesses in Greenwich Village, SoHo, Chelsea, and the Flatiron and Meatpacking Districts."Dante Massaro, a principal with Gemini Real Estate Advisors, observed that "we are pleased to have been able to complete the sale of The Jade Hotel. Gemini conceived and developed the unique Jade concept, and the price we achieved confirms that the market fully recognized the value of the property and its location.""Despite recent headwinds due to increasing supply and a strengthening U.S. dollar, hotel investors are still drawn to New York's strong rates and its proven ability to generate attractive, long-term returns," said Evan Hurd, a Senior Director with RobertDouglas. "A broad range of domestic and international investors expressed interest in the hotel, and the final sale price of nearly $1,700 per square foot is one of the highest ever achieved for a boutique hotel in Manhattan and is a testament to Manhattan's appeal as an investment market.". . . . . . . . . . . . . . . . . . . . . . .RobertDouglas is a real estate investment banking firm with offices in New York, Los Angeles and San Francisco that specializes in the sale, financing and equity capitalization of hotel, resort and gaming properties throughout North America. Founded by two of the hotel industry's pre-eminent finance professionals, Rob Stiles and Doug Hercher, RobertDouglas offers exceptional domestic and international institutional investor and lender relationships. RobertDouglas combines the capital markets sophistication of top-tier investment banks with detailed hotel underwriting and asset management experience, providing the firm with unique capabilities in an underserved market. For more information, contact info@robert-douglas.com or go to www.robert-douglas.com.
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RobertDouglas Advises Richardson Redo LLC in the Sale of the Residence Inn Hartford Downtown

RobertDouglas - 22 December 2015
New York, (Dec. 22, 2015) - RobertDouglas announced today that it advised Richardson Redo LLC ("Redo") in the sale of the Residence Inn Hartford Downtown, a, mixed-use property located in the historic Richardson Building, a former Brown Thompson department store designed by H. H. Richardson, the pre-eminent 19th Century architect. The property includes the 120-suite Residence Inn by Marriott, nearly 70,000 square feet of retail and commercial space, and 139 spaces of garage and surface parking. Located in the heart of downtown Hartford, the Residence Inn has consistently been a market leader.Marc S. Levine, a Redo principal, observed "my partners and I are extremely proud of what we accomplished during our 17-year ownership of this historic landmark. With the help of one of our partners, the Waterford Hotel Group and its affiliates, we materially upgraded the property and repositioned it as a successful Residence Inn, and incorporated a variety of retail and office uses, including City Steam Restaurant and Hartford Stage Company. We are confident the new owners will continue to operate and maintain the property with sensitivity to its historic significance and strong location in downtown Hartford."Evan Hurd, a Senior Director with RobertDouglas, observed that "Hartford is undergoing a renaissance that has seen a very encouraging amount of public and private investment in the last five years. New firms are entering the market, and there is a rapidly-growing base of luxury urban residences and supporting amenities. Combined with the insurance and higher education institutions that have always been the foundation of the market, you have the ingredients for sustained, long-term growth." Mr. Hurd added, "investment demand for the property included a broad range of private and institutional investors."Downtown Hartford is home to a broad array of hotel demand generators, including seven million square feet of office space, the headquarters of five Fortune 500 companies, the 500,000 square-foot Connecticut Convention Center, and Trinity College. Hartford is the state capital of Connecticut and is a gateway market for New England. Long-recognized as the insurance capital of the U.S., Hartford's business base has broadened to include an impressive roster of financial services, technology and educational companies.. . . . . . . . . . . . . . . . . . . . . . . . . . .RobertDouglas is a real estate investment banking firm with offices in New York, Los Angeles and San Francisco that specializes in the sale, financing and equity capitalization of hotel, resort and gaming properties throughout North America. Founded by two of the hotel industry's pre-eminent finance professionals, Rob Stiles and Doug Hercher, RobertDouglas offers exceptional domestic and international institutional investor and lender relationships. RobertDouglas combines the capital markets sophistication of top-tier investment banks with detailed hotel underwriting and asset management experience, providing the firm with unique capabilities in an underserved market. For more information, contact info@robert-douglas.com or go to www.robert-douglas.com.
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RobertDouglas Advises in the Sale of the Ames Hotel in Boston to Gencom

RobertDouglas - 22 December 2015
RobertDouglas announced today that it advised Normandy Real Estate Partners and Contrarian Capital Management in the sale of the 114-key Ames Boston Hotel, a boutique luxury hotel in the heart of downtown Boston, to Gencom, one of North America's leading luxury hotel and residential investment and development firms.Considered to be Boston's first skyscraper, the Ames Boston Hotel is listed on the National Register of Historic Places and is the second tallest masonry load bearing wall structure in the world. Originally constructed in 1893, the hotel enjoys a prime location in the Government Center, within walking distance of the financial district and the renowned Faneuil Hall Market.Douglas Hercher, a Managing Director with RobertDouglas, observed that "the Ames Hotel is truly a gem. Building upon the restoration undertaken by Normandy, investors responded enthusiastically to the opportunity to acquire this extraordinary property."Gencom plans a complete refresh and update of the Ames from top to bottom. Guest rooms will receive significant enhancements, including new case goods, soft goods and some unique technology. The ground floor will see significant changes that will highlight the property's rich history and unique location in Boston. Gemstone Hotels and Resorts, a full-service hotel management company specializing in operating luxury and upscale hotels, will manage the Ames."The Boston market is one of the strongest lodging markets in North America," commented Evan Hurd, Senior Director at RobertDouglas, "and the list of prospective investors for the property included a broad range of domestic and international groups.""The Ames is an irreplaceable asset with a prime location in the heart of Boston," said Alessandro Colantonio, senior vice president of acquisitions at Gencom. "Following the completion of the renovation and the implementation of Gemstone's proprietary marketing and operations programs, the hotel will be well positioned to become the leading destination for upscale, discerning travelers to this market."About RobertDouglasRobertDouglas is a real estate investment banking firm with offices in New York, Los Angeles and San Francisco that specializes in the sale, financing and equity capitalization of hotel, resort and gaming properties throughout North America. Founded by two of the hotel industry's pre-eminent finance professionals, Rob Stiles and Doug Hercher, RobertDouglas offers exceptional domestic and international institutional investor and lender relationships. RobertDouglas combines the capital markets sophistication of top-tier investment banks with detailed hotel underwriting and asset management experience, providing the firm with unique capabilities in an underserved market. For more information, contact info@robert-douglas.com or go to www.robert-douglas.com.
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RobertDouglas Advises Chartres Lodging Group and Artemis Real Estate Partners on the $20.5 Million Financing for the Acquisition of the Courtyard Long Beach Airport in Long Beach, CA

RobertDouglas - 13 October 2015
Los Angeles, CA - RobertDouglas announced today that it advised Chartres Lodging Group and Artemis Real Estate Partners on the $20.5 million financing for the acquisition of the Courtyard Long Beach Airport in Long Beach, CA.The Courtyard Long Beach Airport is a recently-built premium focused-service hotel that features 159 spacious guestrooms; Courtyard by Marriott's signature food and beverage outlet, The Bistro; approximately 2,000 square feet of meeting space; a heated outdoor swimming pool and whirlpool spa; and a well-equipped fitness center. The Property is ideally situated within the 261-acre Douglas Park mixed-use development that features a rapidly expanding tenant base including Mercedes-Benz, Virgin Galactic, The Kong Company, Food Pharma, and Turbo Air."As a newly-built hotel that has rapidly ramped up performance to deliver attractive in-place underwritten loan metrics, this acquisition financing opportunity drew strong interest from a wide range of lenders and enabled us to create a competitive marketing process," said Steve Chung, Associate at RobertDouglas. "The highly qualified property management team from Kokua Hospitality, the institutional asset management team that comprise the Sponsorship, and the relatively conservative leverage level requested ultimately got lenders very comfortable with this deal and resulted in more favorable terms and flexible covenants for the financing," said Stephen O'Connor, Principal & Managing Director at RobertDouglas.About Chartres Lodging GroupThe Chartres Lodging Group ("CLG") is an advisory and investment firm focused on property management, asset management, renovation and development of lodging assets. CLG's principles have been responsible for over $9 billion of lodging investments and have asset managed over 250 upscale and luxury hotels, resorts and conference centers. Between 2008 and 2014, CLG has owned and asset managed a portfolio of approximate 18,000 rooms in the upper-upscale and luxury segments in the United States and Japan.About Artemis Real Estate PartnersArtemis Real Estate Partners is a majority-women owned real estate investment management firm founded in 2009 and headquartered in the Washington D.C. metropolitan area. Artemis invests with best-in-class local operating partners, both established and emerging, in multifamily, office, industrial, retail and senior housing across opportunistic, value added and enhanced core strategies. Artemis has raised nearly $2 billion of investor capital across two commingled value-add/opportunistic fund vehicles, an enhanced core emerging manager separate account with The New York State Common Retirement Fund, and a co-investment platform with New York City Retirement Systems. Artemis's sole focus is U.S. commercial real estate.About Kokua Hospitality Lodging GroupKokua Hospitality is a wholly-owned property management subsidiary of CLG with a proven track record of successfully managing both full and select service hotel properties. Kokua manages an existing portfolio of 7 hotels and approximately 2,500 rooms, with experience managing 17 hotels of 6,500 rooms in the United States and Japan.About RobertDouglasRobertDouglas is a real estate investment banking firm with offices in New York, Los Angeles and San Francisco that specializes in the sale, financing and equity capitalization of hotel, resort and gaming properties throughout North America. Founded by two of the hotel industry's pre-eminent finance professionals, Rob Stiles and Doug Hercher, RobertDouglas offers exceptional domestic and international institutional investor and lender relationships. RobertDouglas combines the capital markets sophistication of top-tier investment banks with detailed hotel underwriting and asset management experience, providing the firm with unique capabilities in an underserved market. For more information, contact info@robert-douglas.com or go to www.robert-douglas.com.
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RobertDouglas Advises Meyer Jabara Hotels on the $35 Million Financing of the Providence Marriott Downtown in Providence, Rhode Island

RobertDouglas - 1 October 2015
RobertDouglas announced today that it advised Meyer Jabara Hotels in the $35 million financing of the Providence Marriott Downtown. The five-year, floating rate financing was provided by ACORE Capital.Providence is renowned as a vibrant, business-friendly city with world-class universities, award-winning restaurants and an abundance of art and entertainment venues that support a dynamic year-round base of hotel demand. The hotel, which is managed by Meyer Jabara Hotels and features 351 oversized guestrooms, state-of-the-art meeting facilities and resort-like amenities, is planning a renovation of its guestrooms and corridors that will further strengthen the hotel's market position.David Smith, an Associate at RobertDouglas, noted, "lenders responded enthusiastically to Meyer Jabara's sponsorship, the strength of the Providence market and the healthy in-place cashflow of the Providence Marriott.""ACORE Capital was thoughtful in their approach to the financing, helping to meet ownership's goals for renovating the property, while delivering attractive pricing and being responsive throughout the process," remarked Doug Hercher, Managing Director and Principal at RobertDouglas.About RobertDouglasRobertDouglas is a real estate investment banking firm with offices in New York, Los Angeles and San Francisco that specializes in the sale, financing and equity capitalization of hotel, resort and gaming properties throughout North America. Founded by two of the hotel industry's pre-eminent finance professionals, Rob Stiles and Doug Hercher, RobertDouglas offers exceptional domestic and international institutional investor and lender relationships. RobertDouglas combines the capital markets sophistication of top-!-tier investment banks with detailed hotel underwriting and asset management experience, providing the firm with unique capabilities in an underserved market. For more information, contact info@robert-douglas.com or go to www.robert-douglas.com.
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RobertDouglas Advises Clarion Partners on the $670 million Refinancing of the 65-hotel Courtyard by Marriott Portfolio [known as CBM Two Hotels LP]

RobertDouglas - 2 April 2015
San Francisco, CA - April 1, 2015 - RobertDouglas announced today that it advised Clarion Partners on the refinancing of the 65-property CBM Two Hotels LP Portfolio. Bolstered by robust in-place cash flows, strong geographic diversification, and institutional Sponsorship, the Portfolio attracted strong interest from a wide array of lenders. The $670 million five year, fixed-rate mortgage financing was provided by Deutsche Bank who is expected to securitize the loan in a single-borrower deal later this year.The Portfolio is comprised of 65 Courtyard by Marriott hotels totaling 9,590 keys and located in 29 states and 46 metropolitan areas. Notable geographic representation includes the New York, San Francisco, Miami, Los Angeles, Dallas, Chicago, Boston, and Atlanta metropolitan statistical areas. The Sponsorship's continuous capital contributions over the past decade have allowed the Portfolio to consistently outperform its competitive set and achieve above-average guest satisfaction scores."The CBM Two Hotel Portfolio is a leading example of the staying power of the Courtyard by Marriott brand with corporate and transient users alike. Couple that powerful distribution network with unwavering institutional sponsorship, and it makes for a very productive portfolio," noted Chris Ropko, Senior Director at RobertDouglas. "The credit markets showed enormous appetite for this finance opportunity and the very competitive process provided a compelling solution for the specific objectives of our client." added Rob Stiles, Principal & Managing Director at RobertDouglas.About RobertDouglasRobertDouglas is a real estate investment banking firm with offices in New York, Los Angeles and San Francisco that specializes in the sale, financing and equity capitalization of hotel, resort and gaming properties throughout North America. Founded by two of the hotel industry's pre-eminent finance professionals, Rob Stiles and Doug Hercher, RobertDouglas offers exceptional domestic and international institutional investor and lender relationships. RobertDouglas combines the capital markets sophistication of top-tier investment banks with detailed hotel underwriting and asset management experience, providing the firm with unique capabilities in an underserved market. For more information, contact info@robert-douglas.com or go to www.robert-douglas.com. About Clarion Partners, LLCClarion Partners has been a leading U.S. real estate investment manager for 33 years. Headquartered in New York, the firm has offices in major markets throughout the U.S., in Sao Paulo, Brazil and London, England, as well as a presence in Mexico. With $33 billion in total assets under management, Clarion Partners offers a broad range of real estate strategies across the risk/return spectrum to its more than 250 domestic and international institutional investors. More information about the firm is available at www.clarionpartners.com.
commercial

Cushman & Wakefield and RobertDouglas Arrange Financing for Regional Mall Development in Hawai'i

RobertDouglas - 11 March 2015
The 67-acre, two-phased, 1.4 million-square-foot mixed-use open air, Macy's-anchored project, branded "Ka Makana Ali'i", is expected to serve as the community hub of West O'ahu. Once completed, Ka Makana Ali'i will be the third-largest shopping center and the first new regional center built in all of Hawai'i in nearly 40 years.Construction has begun on Phase I of the project, which will consist of a 750,000 square-foot regional center anchored by the first Macy's department store in West Oah'u and featuring more than 150 shops and restaurants, an 8-screen cinema, and a 175-key Hampton Inn and Suites hotel."West Oah'u is the fastest-growing sub-market on the island of Oah'u and DeBartolo's exciting Ka Makana Ali'i mall will quickly become the retail heart of this vibrant area. We are delighted to have been able to help their team structure and complete this complex capital transaction and to have contributed to delivering on their vision for the project," said Douglas Hercher, principal and managing director of RobertDouglas. Alex Hernandez, managing director of Cushman & Wakefield added, "It is rare for investors and developers to be able to participate in developments with the region-defining potential of the Ka Makana Ali'i site. OPSEU Pension Trust and ULLICO recognized the incredible potential of this project and seized the opportunity to partner with DeBartolo."About Cushman & Wakefield Cushman & Wakefield advises and represents clients on all aspects of property occupancy and investment. Founded in 1917, it has 248 offices in 58 countries, employing more than 16,000 professionals. It offers a complete range of services to its occupier and investor clients for all property types, including leasing, sales and acquisitions, equity, debt and structured finance, corporate finance and investment banking, appraisal, consulting, corporate services, and property, facilities, project and risk management. To learn more, click HERE.About RobertDouglasRobertDouglas is a real estate investment banking firm with offices in New York, Los Angeles and San Francisco that specializes in the sale, financing and equity capitalization of hotel, resort, mixed-use and gaming properties throughout North America. Founded by two of the real estate industry's pre-eminent finance professionals, Rob Stiles and Doug Hercher, RobertDouglas offers exceptional domestic and international institutional investor and lender relationships. RobertDouglas combines the capital markets sophistication of top-tier investment banks with detailed property underwriting and asset management experience, providing the firm with unique capabilities in an underserved market. For more information, contact info@robert-douglas.com or go to www.robert-douglas.com.

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