Fund I Portfolio
The Hotel at Avalon
Description
Acquisition of a recently developed, best-in-class, 330-Key, “Autograph Collection by Marriott” hotel located within the highly-desirable Avalon community.
This asset has demonstrated a robust rebound post-COVID and has outperformed other comparable hotels by 45% in Q4 2021. By outperforming its budget by nearly $4 million dollars, the Avalon Hotel has provided attractive returns to investors within one year, thereby demonstrating the value of a diversified portfolio.
Details
Target Equity Multiple: 2.1
Target IRR: 20%
Asset Type: Hotel
Deal Type: Core+
Sponsor: Crescent Real Estate
Target Investment Period: 5 years
