Category: Hospitality

Property details

Chattanooga, Tennessee

Choo Choo Hotel

Investment type

Development

Asset Class

Hospitality

Ownership Structure

Joint Venture

Year Acquired

2023

Investment Summary

The Property is located at 92 Choo Choo Avenue, within the campus of the iconic 7-acre former railroad station known as the Chattanooga Choo Choo Terminal Station.  The Property currently consists of the MacArthur building, a two-story H-styled building with 75 hotel rooms and a lobby with a double height indoor pool, a 1,675 square foot retail building, and an 81-space parking lot. 

Once renovated, the Property will feature 127 keys/rooms, including a unique offering of boutique hotel rooms in repurposed train cars, state-of-the-art banquet and catering facilities, a lounge/restaurant, and 1,749 SF of retail space.  The existing pool area will be converted into a 3,000 SF, column-free event space with a new roof so that the hotel can better attract high-rated group business such as weekday corporate events and weddings over the weekend. 

Property details

orlando, florida

Holiday Inn – Universal Orlando

Investment type

Value Add

Asset Class

Hospitality

Ownership Structure

Joint Venture

Year Acquired

2020

Investment Summary

Syndicated invested alongside InSite Development Group in a 10-story, 390-room, full-service hotel situated directly across the street from the entrance to Universal Studios in Orlando, Florida. Over the past three years, the property has achieved strong occupancy rates idue its location and accessibility via Interstate 4 and Florida State Road 435.

Upon acquisition, the property will undergo a property improvement plan to significantly upgrade and modernize the meeting rooms, common areas, and guest rooms, which will greatly enhance the guest experience and create additional value through higher room rates and hosting higher-rated group business.

Property details

Rosemont, illinois

Embassy Suites & DoubleTree

Investment type

Value Add

Asset Class

Hospitality

Ownership Structure

Joint Venture

Year Acquired

2019

Investment Summary

Syndicated invested alongside Nath in the acquisition of the DoubleTree and Embassy Suites in Rosemont, Illinois.

The DoubleTree, which is situated on 1.83 acres, consists of a 9-story, 369-room hotel that shares a parking garage and pedestrian access with the Donald E. Stephens Convention Center, an 840,000 square foot facility owned and maintained by the Village of Rosemont. Gibson’s, a nationally recognized Chicago steakhouse, operates a 350-seat restaurant on the ground floor of the DoubleTree.

The Embassy Suites, which is situated on 2.12 acres, consists of an 8-story, 294-room hotel with 410 parking spaces within the attached parking garage.

Property details

Indianapolis, INdiana

Marriott Courtyard

Investment type

Value Add

Asset Class

Hotel

Ownership Structure

Joint Venture

Year Acquired

2018

Investment Summary

Situated invested alongside Arbor Lodging Partners in a three-story, 90-room Marriott Courtyard located at 7226 Woodland Drive, Indianapolis, Indiana.

Originally developed in 1997, the Property includes amenities such as a business center, indoor pool, whirlpool, outdoor patio/terrace, fitness center, convenience store/sundry shop, and guest laundry room. The Property also features an on-site food and beverage area called the Bistro, which offers a breakfast buffet, espresso bar, and made-to-order hot items, as well as limited room service, dinner, and drinks in the evening at a la carte prices.

Property details

Bloomington, Minnesota

Hilton Garden Inn – Bloomington

Investment type

Value Add

Asset Class

Hotel

Ownership Structure

Joint Venture

Year Acquired

2017

Investment Summary

Syndicated invested alongside First Hospitality Group (FHG) in the acquisition of a Hilton Garden Inn located in Bloomington, Minnesota.

The property, which was originally built in 1999 as a Holiday Inn Express, underwent a significant renovation and conversion in 2016 which included upgrades to the guest rooms, public space, and exterior.