Apr 6, 2015 12:31 EST

Encore Enterprises, LLC – Encore Westshore Hampton Inn Hotel: Experienced owner and operator with a proven track record with Marriott hotels

iCrowdNewswire - Apr 6, 2015

Offered By

Encore Enterprises, LLC

Encore Enterprises, LLC

Dallas, TX

 

  • Since Encore’s formation in 1999, the company has employed a value-add and opportunistic investment strategy to complete $1.6 billion in real estate development and acquisition transactions.
  • The investment environment is constantly changing, but the Sponsor…
Investment Type: Property
Property Type

Hospitality
Asset Profile

Value Add
Projected Cash Return 8%
Projected Annual IRR 16%
Minimum Investment $25K
Estimated Hold 5Y

About this Property

Encore Hospitality, which has successfully acquired and repositioned over 45 hotels, is offering investors the opportunity to invest in the 133 Room 6-story Westshore Hampton Inn. The value-add opportunity includes a $3,290,000 million renovation plan (PIP), which when completed should result in a significant Average Daily Rate uplift, with the hotel repositioned well below replacement cost at $126,855 per room.

Key Points

  • Experienced owner and operator with a proven track record with Marriott hotels.
  • Encore Enterprises has proudly served over 500 High Net-Worth Investors.
  • Mature market with moderate to high barriers to entry.
  • There are more Hilton Rooms in the market than there are Marriott rooms. This should work in Hilton’s favor through the reservation system and cooperation for overflow amongst the Hilton hotels.
  • The Westshore area includes over 12 million of Class A office space, 93,000 employees, 6 million square feet of retail space, (Westshore Plaza and the International Plaza, and over 250 restaurants.
  • Proximity to Tampa International Airport, Raymond Stadium, Legends Field, and Downtown Tampa.
  • Tampa is home to many Fortune 500/1000 Companies: Tech Data, Jabil Circuit, Outback Steakhouse, TECO Energy, Walter Industries, and Raymond James.
  • Tampa is a top MSA in the country that is projected to experience growth over the next several years.
  • Special event market: NCAA Outback Bowl, Tampa Bay Buccaneers Football Games, home of the New York Yankees Baseball Team Spring Training.
  • Special event market: NCAA Outback Bowl, Tampa Bay Buccaneers Football Games, home of the New York Yankees Baseball Team Spring Training.
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