New hotel being developed in an established but growing domestic business and vacation destination.
Partnered with a family run hotel company with 30+ years of hotel development and management experience. Double branded hotel model offering diversified risk profile.
Expected returns were increased relative to similar projects due to the principal’s ability to leverage the EB-5 Visa program to obtain attractive funding for the project. There was also a significant equity investment by the Wurzak Group that aligned risk incentives for all parties. Annual expected returns once stabilized are projected to be in the mid-teens with a 20%+ IRR over a 5-8 year holding period.