Marriott Residence Inn Downtown Memphis
Status
Closed The acquisition and value enhancement of an Art Deco 90-key hotel in a urban location in Downtown Memphis, Tennessee.
Location
Memphis, TN
Investment Strategy
Value-Add
Property Type
Hotel / Hospitality
Open To
Accredited Investors
Closed Date
Nov 2018
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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Investor Equity
$3,404,498
14.0%
Sponsor Co-Investment
$851,125
3.5%
Mem-Monroe, LLC Equity
$4,255,623
17.5%
Senior Debt
$15,806,599
65.0%
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Total
$24,317,845
100%
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On the CrowdStreet platform, offerings are treated pari-passu. |
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