Renaissance Baltimore Harborplace
Status
Closed The distressed acquisition of a 622-room, full-service, Renaissance hotel located in the Inner Harbor of Baltimore, Maryland.
Location
Baltimore, MD
Investment Strategy
Opportunistic
Property Type
Hotel / Hospitality
Open To
Accredited Investors
Closed Date
Jun 2020
Investment Strategies
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Sponsor Details
Other Offerings by The Buccini/Pollin Group, Inc.
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
$28,584,000
29.2%
Sponsor Equity
$7,146,000
7.3%
Mezzanine Debt
$29,500,000
30.2%
Senior Debt
$32,500,000
33.3%
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Total
$97,730,000
100%
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