| |
• Led due diligence and transition of this acquisition
in July 2005
• Acquired distressed $35MM mortgage for $28MM
directly from lender
• Core renovation (2006-2007) of $12.0MM
• Portfolio includes 550 guest rooms and 100,000 SF
of meeting space
• Repositioned in corporate, association, social, and
wedding markets
• NOI growth from 2005-2009 of 120%
• NOI margin increase from 9.6% to 22.4% (2005- 2009)
|
|
 |
