Sunbelt Extended Stay Hotel Portfolio
A 3-property WoodSpring Suites extended-stay hotel portfolio of: Two opportunistic developments in Orlando and Panama City Beach, FL and one value-add in North Austin, TX.
Location
Multiple, TX/FL
Investment Strategy
Opportunistic
Property Type
Hotel / Hospitality
Open To
Accredited Investors
Closed Date
Jun 2021
Status
Closed Investment Strategies
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Sponsor Details
Other Offerings by Provident Realty Advisors
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
$482,353.00
1.8935475281399199%
Investor Equity
$0.00
0.0%
Senior Loan Amount
$24,991,156
98.10645247186008%
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Total
$25,473,509
100%
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