Cambria Hotel New Haven – Near Yale University
A brand new Cambria Hotel, three blocks from Yale University and minutes from major hospitals, acquired below replacement cost in a market with strong demand, limited competitive supply, and high barriers to entry.
Location
New Haven, CT
Investment Strategy
Value-Add
Property Type
Hotel / Hospitality
Open To
Accredited Investors
Closed Date
Sep 2022
Status
Closed Investment Strategies
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Sponsor Details
Sponsor Designation
CrowdStreet categorizes sponsors based on their experience and track record so our investors can get a sense of the firm behind the deal.
Enterprise
FIRM AGE15+ YEARS
LEADERSHIP EXPERIENCE30+ YEARS
PORTFOLIO VALUE$5 B +
National Platform
Ranked in the top 250 for estimated value of total holdings per Real Capital Analytics
Tenured
FIRM AGE10+ YEARS
LEADERSHIP EXPERIENCE20+ YEARS
PORTFOLIO VALUE$500 MM +
Leadership has invested together over multiple cycles
Dedicated investor relations and accounting staff
Seasoned
FIRM AGE5+ YEARS
LEADERSHIP EXPERIENCE10+ YEARS
PORTFOLIO VALUE$100 MM +
Network of repeat investors
Established banking relationships
Affiliations with national industry associations ULI, NAOIP, CCIM, SIOR or IREM
Emerging
FIRM AGE< 5 YEARS
LEADERSHIP EXPERIENCE2-5 YEARS
PORTFOLIO VALUE< $100 MM +
Strong leadership experience
Experience in the proposed asset class and geographic market
Experience in managing individual investors
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Sponsor Equity
$715,000
2.3%
Investor Equity
$6,360,425
20.2%
Unsecured Loan
$10,375,000
33.0%
Mortgage Loan
$14,000,000
44.5%
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Total
$31,450,424
100%
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