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Acquisition Criteria
Existing Asset Acquisition Criteria
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Asset Type Upscale Limited & Select Service Hotel product; Assisted-Living Facility product
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Asset Scope 60 - 300 Rooms
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Deal Size Single assets up to $20M
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Franchise Affiliations Hilton, Marriott, Starwood, IHG, La Quinta
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Management Unencumbered by management preferred
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Markets Southeast, Mid-West, and Mid-Atlantic United States
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Capitalization Rates Minimum of 10% preferred
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Multiples 2.0 - 3.5x GRR for Limited Service
Existing Hotel Debt Notes Acquisition Criteria
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Whole first position mortgage secured by existing hotels Limited or Select Service hotel collateral preferred Branded, Un-branded, or Boutique
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Room Count 70 - 300 rooms
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Mortgage size $5M to $20M
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Distressed or Non-Performing loans preferred
Liberty Group Qualifications
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No financing contingencies
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Letters of Intent may be issued within 48 hours of determining interest
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Due Diligence period of 30 days typical
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Closing period 30 days after due diligence typical
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Brand relationships to address PIP and branding opportunities immediately
“Our company had the pleasure to work with the Liberty Group on a commercial acquisition in the Tampa Bay area. Punit is a very thorough, detail-oriented professional. He is a great communicator and his knowledge of the market places made it easy for us to find the right situation for his company." - Thomas Edrington, Florida Realty of Tampa Bay |
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