ACQUISITION CRITERIA

WHAT ARE WE TARGETING? 

 

Location 

  • Well located in high barrier to entry markets

  • Top 25 Markets: CBD or Inner Suburban Ring

  • Resorts in High Barrier / Less Seasonal Markets

Prior Peak RevPAR

  • Strong Historical RevPAR Performance and Diversified Demand Generators

  • Higher RevPAR ($125 and above) and diversified demand helps drive EBITDA/key 

Deal Size

  • “Sweet Spot” -100 to 300 rooms with limited F&B in target markets

  • Typically allows for the combination of higher RevPAR and higher EBITDA/Key

 

Operational Flexibility 

  • Management Flexibility –the ability to change operator is key in an operating business

Value Add Opportunities

  • Repositioning/Value Add Opportunities -creating value through a capital infusion and/or an operational/management change; good bones with extensive re-visioning are ideal

Appropriate Branding

  • Branded or Independent –independent hotels ( in the right location) offer ability to attract demand and minimize cost structure.