Valued Examples

JER Partners
  • Underwriting of upscale 751-room Westin Hotel, Michigan Ave., Chicago, IL
  • Underwriting of CMBS investment, 61 Courtyard by Marriott “Reinvention” hotels
  • Underwriting of CMBS investment in three luxury Orlando resorts, one upper upscale full service Los Angeles hotel
Intercontinental Real Estate
  • Aquisition underwriting of upper upscale Hilton Boston Logan Airport Hotel
Perry Real Estate
  • Underwriting of deluxe Hilton Hotel new development mezzanine financing at Baltimore-Washington International Airport (BWI)
USAA Real Estate Company
  • Review of six Doubletree Hotel Purchase & Sale agreements
  • Closing services
Anbau Enterprises
  • Market research, recommended hotel program & demand study for proposed boutique hotel development, Newport, RI
  • Market research, recommended condo hotel program & demand study for proposed Christies redevelopment, Newport, RI
3 Wall Development, LLC
  • Underwriting of upscale hotel acquisition including: Doubletree Hotel acquisition in Tucson, AZ; Doubletree Hotel Albuquerque,NM; Sheraton Gunter, San Antonio, TX

Remarkable Earnings

Asset Managed Hotel Budgets
2008 Gross Operating Profit

2007: $82,633,584
2008: $91,339,636

% change = +24.5%

Investment Research

TRE produces market-specific investment underwriting for use by investor clients in attracting equity or debt funding for a hotel or resort project. The unique TRE Market and Hotel Report measures both future competitive supply and demand, determines the right brand and property management fit for the specific hotel project, operating costs and five-year profit projections. It is focused, productive in decision making and securing financing.

GENERAL

  • Denver hotel market audit of Embassy Suites downtown and downtown Marriott
  • Fairview Park Marriott, Falls Church, VA
  • JER Europe – Privately held resort company
  • JER Partners - Real Estate Opportunity Fund
  • Munich Marriott, Munich, Germany
  • ONEX Real Estate Partners – assisted in assessing an equity investment in a proposed hotel water park venue located in Rosemont, IL
  • Perry Real Estate Partners – conducted a comprehensive TRE Market and Hotel Audit for the potential mezzanine investment in new upscale hotel
  • Stanford Court, San Francisco, CA
  • Ty, Inc. – San Ysidro Ranch – TRE Market and Hotel Analysis
  • Vornado Realty Trust – 20 X SQ Hotel, New York, NY
  • Westin O’Hare, Rosemont, IL

UNDERWRITING

  • Acquisition Underwriting of hotel/conference center, Virginia Crossings
  • Acquisition underwriting of Hilton Boston Logan Airport Hotel
  • Bedford Group- condo hotel in Cathedral City, CA
  • Boston Tudor Wharf
  • Chicago Hyatt Printer’s Row
  • Corinthian Realty Partners- new build boutique hotel in Baltimore, MD
  • Courtyard by Marriott portfolio, loan underwriting of 55 hotels
  • Empire Hotel Associates, LLC- ‘34th Street’ hotel, New York City, NY
  • Fidelity Investments/Pembroke Real Estate- Washington, D.C. property conversion
  • Intercontinental Real Estate Corporation
  • JER Partners
  • J.E. Robert Co. – special servicing – market, competitive, resort and hold/sell analysis of Caribbean Resort
  • MetroStar Capital LLC – comprehensive underwriting analysis for the acquisition of the Merrill Lynch Conference Center in Plainsboro, NJ
  • Newport, RI- two properties
  • ONEX Real Estate Partners – equity underwriting of two hotels, Marriott Hotel and Courtyard Hotel, Dadeland, FL
  • Perry Real Estate Partners – conducted a comprehensive TRE Market and Hotel Audit for the potential mezzanine investment in new upscale hotel
  • Ritz Carlton Hotels, loan underwriting of five (5) hotels
  • Sierra Point Development- market research, demand study and recommended program for a condo hotel in Brisbane, CA
  • Ty, Inc. – San Ysidro Ranch – TRE Market and Hotel Analysis
  • Universal Hotels-Orlando, FL
  • Underwriting of full service Hilton Ontario Hotel
  • Underwriting services for JER acquisition of the Westin Michigan Avenue – Chicago, IL
  • Vornado Realty Trust – 20 X SQ Hotel, New York, NY