BERKADIA
INVESTMENT OPPORTUNITIES ALIS CONFERENCE
JULY 26-28, 2021
a Berkshire Hathaway and Jefferies Financial Group company
Fast, collaborative, and agile; our team is challenging the status quo and redefining the industry with a new vision. At Berkadia we have one goal... yours!” ANDREW COLEMAN Senior Managing Director, Head of Hotels & Hospitality Berkadia
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BERK ADIA HOTELS & HOSPITALITY
ON MARKET LISTINGS
PROPERT Y
L O C AT I O N
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Time & Temperature Building Project
Por tland, ME
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Residence Inn Providence
War w ick , RI
4
Radisson Hotel Providence
War w ick , RI
4
Homewood Suites
G l a s t o n b u r y, C T
5
Homewood Suites
Needham, MA
5
Hampton Inn
Fr a n k l i n , M A
6
Hampton Inn
Fa i r h a v e n , M A
6
DoubleTree Downtown Wilmington - Legal District
Wilmington, DE
6
Saranac Water front Lodge
Saranac L ake, NY
7
Marriott Syracuse - Recapitalization
Syracuse, NY
7
Holiday Inn Greenbelt
Greenbelt , MD
8
SpringHill Suites Annapolis
Annapolis , MD
8
Hyatt Place Fredericksburg
Fredericksburg, VA
8
Courtyard by Marriott Jacksonville NC
Jack sonville, NC
9
TownePlace Suites Goldsboro
Goldsboro, NC
9
Hampton Inn & Suites Destin
Destin, FL
10
Alof t Jacksonville Airport
Jack sonville, FL
10
Holiday Inn Tampa Westshore
Ta m p a , F L
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Four Point s Tampa West shore
Ta m p a , F L
11
Hotel Indigo Sarasota
Sarasota, FL
11
Sheraton Suites Ft. Lauderdale at Cypress Creek
Ft . L auderdale, FL
12
Aloft Miami Dadeland
Miami, FL
12
Tropical Breeze Resor t
Sies ta Key, FL
13
Woodspring Suites Baton Rouge Por tfolio
Baton Rouge, L A
13
Downtown Atlanta Proposed Hotel
Atlanta, GA
13
Home2 Lewis ville Dallas
Lewisville, T X
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Element Boulder Superior
S u p e r i o r, C O
14
Cour tyard Petaluma Sonoma County
Petaluma, CA
15
3 Peaks Resor t & Beach Club
South Lake Tahoe, CA
15
The Tides Oceanview Inn & Cottages
Pismo Beach, C A
15
ALIS Conference / July 26-28, 2021
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Time & Temperature Building Project Portland, ME Opened: TBD Meeting Space: 8,000 SF Brand Availability: Unencumbered Management Availability: Unencumbered HIGHLIGHTS • Designed as a boutique hotel • Historic rehab • Excellent location Contact: Denny Meikleham
196 KEYS
Residence Inn Providence Warwick, RI Opened: TBD Meeting Space: 742 SF Brand Availability: Residence Inn Management Availability: Unencumbered HIGHLIGHTS • Shovel ready Residence Inn project • Excellent airport location • Replacing original Gen Residence Inn Contact: Denny Meikleham, Dave Weymer
139 KEYS
ResidenceInnProvidence.Berkadiarea.com
Radisson Hotel Providence Warwick, RI Opened/Renovated: 1969/2019 Meeting Space: 11,000 SF Brand Availability: Encumbered Management Availability: Unencumbered HIGHLIGHTS • Recently renovated • Proximate to airport • Extensive meeting room facilities Contact: Denny Meikleham, Dave Weymer
112
KEYS
Radissonpvd.Berkadiarea.com 4
BERK ADIA HOTELS & HOSPITALITY
136 KEYS
Homewood Suites Hotel Glastonbury, CT
HIGHLIGHTS • Excellent location in Hartford’s #1 suburban market
Opened/Renovated: 2006/2016 Meeting Space: 1,788 SF Brand Availability: Encumbered Management Availability: Unencumbered
• RevPAR leader in comp set • Proximate to numerous demand generators Contact: Denny Meikleham
NEHiltonHotelPortfolio.Berkadiarea.com
134 KEYS
Homewood Suites Hotel Needham, MA Opened: 2018 Brand Availability: Encumbered Management Availability: Unencumbered
HIGHLIGHTS • Excellent location • Opened in 2018 • RevPAR leader in comp set • Proximate to new demand generators
Contact: Denny Meikleham
ALIS Conference / July 26-28, 2021
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Hampton Inn Franklin, MA Opened: 2000 Brand Availability: Encumbered Management Availability: Unencumbered HIGHLIGHTS • Excellent location • Strong brand affiliation • Excellent condition Contact: Denny Meikleham
94
KEYS
NEHiltonHotelPortfolio.Berkadiarea.com Hampton Inn Fairhaven, MA Opened: 1995 Brand Availability: Encumbered Management Availability: Unencumbered HIGHLIGHTS • Excellent location • Strong brand affiliation • Excellent condition Contact: Denny Meikleham
107 KEYS
DoubleTree Downtown Wilmington Legal District Wilmington, DE Open / Renovated: 1979 / 2012 Brand Availability: Encumbered Management Availability: Unencumbered HIGHLIGHTS • Premium branded hotel offered at a discount to replacement cost • Significant value-add opportunity • Irreplaceable downtown location Contact: Dan Hawkins, Dave Weymer
217 KEYS
DoubleTreeWilmington.Berkadiarea.com 6
BERK ADIA HOTELS & HOSPITALITY
93
KEYS
SaranacWaterfrontlodge.Berkadiarea.com Saranac Waterfront Lodge Saranac Lake, NY Opened: 2020 Meeting Space: 3,100 SF Brand Availability: Unencumbered Management Availability: Unencumbered
HIGHLIGHTS • New build boutique hotel • Waterfront location • Premier drive to resort market
Contact: Denny Meikleham, Dave Weymer
RECAPITALIZATION
315 KEYS
MarriottSyracuse.Berkadiarea.com Marriott Syracuse Syracuse, NY Opened/Complete Renovation: 1924/2018 Meeting Space: 34,500 SF Brand Availability: Encumbered Management Availability: Unencumbered Contact: Denny Meikleham
HIGHLIGHTS • #1 Hotel in Syracuse • Restored to like-new condition • Strategic location • Spectacular meeting and conference space
ALIS Conference / July 26-28, 2021
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Holiday Inn Greenbelt Greenbelt, MD Opened: 1984 Meeting Space: 432 SF Brand Availability: Encumbered Management Availability: Unencumbered HIGHLIGHTS • Dynamic location centered among a robust mix of demand generators • Significant management value-add opportunity • Efficient compact full-service offering Contact: Kyle Stevenson, Dan Hawkins
206 KEYS
HolidayInnGB.Berkadiarea.com
SpringHill Suites Annapolis Annapolis, MD Opened / Renovated: 2006 / 2014 Meeting Space: 325 SF Brand Availability: Encumbered Management Availability: Unencumbered HIGHLIGHTS • Purpose-built and award-winning hotel offered well-below replacement cost • Strong historical performance with attainable upside • High barriers to entry with limited new supply Contact: Dan Hawkins
120 KEYS
SpringHillAnnapolis.Berkadiarea.com
Hyatt Place Fredericksburg Fredericksburg, VA Opened: 2014 Meeting Space: 2,000 SF Brand Availability: Encumbered Management Availability: Unencumbered HIGHLIGHTS • Purpose-built, premium branded Hotel offered at a substantial discount to replacement cost • Significant management value-add opportunity • Outstanding location on the University of Mary Washington & Mary Washington Hospital campuses Contact: Kyle Stevenson, Dan Hawkins
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BERK ADIA HOTELS & HOSPITALITY
93
KEYS
HyattPlaceFredericksburg.Berkadiarea.com
112
KEYS
Courtyard by Marriott Jacksonville NC Jacksonville, NC Opened: 2015 Meeting Space: 5,800 SF Management Availability: Unencumbered
HIGHLIGHTS • Strong brand affiliation • Excellent Condition • Market expected to dramatically outperform pre-pandemic levels over the next 5 years
Contact: John Testerman
98
KEYS
TownePlace Suites Goldsboro Goldsboro, NC Opened: 2015 Management Availability: Unencumbered Contact: John Testerman, John Kluh
HIGHLIGHTS • Substantial discount to replacement cost • Excellent Condition • Strategic Locatoin • 2021 performace expected to match 2019
ALIS Conference / July 26-28, 2021
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130 KEYS
HamptonInnDestin.Berkadiarea.com Hampton Inn & Suites Destin Destin, FL Opened/Renovated: 1994/2014 Meeting Space: 504 SF Brand Availability: Encumbered Management Availability: Unencumbered
HIGHLIGHTS • 100 yards from the Beach • Concrete and completely rebuilt in 2014 • On pace for record year of performance
Contact: Preston Reid, Wyatt Krapf
136 KEYS
AloftJacksonville.Berkadiarea.com Aloft Jacksonville Airport Jacksonville, FL
HIGHLIGHTS • 2021 performance expected to match 2019
Opened/Renovated: 2009/2019 Meeting Space: 600 SF Brand Availability: Encumbered Management Availability: Unencumbered
• Recent renovation in 2019 • Substantial discount to replacement cost
Contact: Preston Reid, Michael Weinberg, Wyatt Krapf
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BERK ADIA HOTELS & HOSPITALITY
Holiday Inn Tampa Westshore Tampa, FL Opened: 1986/2020 Meeting Space: 12,329 SF Brand Availability: Encumbered Management Availability: Unencumbered
284 KEYS
HolidayInnTampa.Berkadiarea.com
HIGHLIGHTS • Located in Westshore, Tampa’s largest office market with 100,000 jobs • Tremendous management opportunity; property finished 2019 with $9.3 million of revenue • Strong historical performance; 2019 NOI was $2.73M • Seller just completed $6 million PIP in 2020 Contact: Preston Reid, Wyatt Krapf
Four Points Tampa Westshore Tampa, FL Opened: 1986/2019 Meeting Space: 8,820 SF Brand Availability: Unencumbered Management Availability: Unencumbered
263 KEYS
HIGHLIGHTS • Less than 10 minutes from downtown and the airport • Minimal going in capital • 100% two-room suites Contact: Preston Reid, Wyatt Krapf
FourPointsTampa.Berkadiarea.com Hotel Indigo Sarasota Sarasota, FL Opened/Renovated: 2006/2016 Meeting Space: 1,200 SF Brand Availability: Encumbered Management Availability: Unencumbered
95
KEYS
HotelIndigoSarasota.Berkadiarea.com
HIGHLIGHTS • Value-add opportunity with PIP • Attractive basis • Adjacent to $1 billion mixed-use development project (The Quay Sarasota) Contact: Preston Reid, Michael Weinberg, Wyatt Krapf
ALIS Conference / July 26-28, 2021
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258 KEYS
SheratonFortLauderdale.Berkadiarea.com Sheraton Suites Ft. Lauderdale at Cypress Creek Ft. Lauderdale, FL Opened/Renovated: 1986/2020 Meeting Space: 11,335 SF Brand Availability: Encumbered Management Availability: Unencumbered Contact: Preston Reid, Wyatt Krapf
HIGHLIGHTS • Surrounded by 4 million SF of office space • 100% two-room suites • Potential to convert to Multifamily
119 KEYS
AloftDateland.Berkadiarea.com Aloft Miami Dadeland Miami, FL Opened/Renovated: 1975/2016 Meeting Space: 386 SF Brand Availability: Encumbered Management Availability: Unencumbered
HIGHLIGHTS • Lender-controlled sale • Substantial discount to replacement cost
Contact: Preston Reid, Michael Weinberg, Wyatt Krapf
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BERK ADIA HOTELS & HOSPITALITY
Tropical Breeze Resort Siesta Key, FL Opened/Renovated: Multiple/2018 Brand Availability: Unencumbered Management Availability: Unencumbered
54
KEYS
HIGHLIGHTS • Incredible location within #1 Beach in US • RevPAR exceeds Keys resorts • Opportunity to purchase luxury vacation rental portfolio with same ownership Contact: Preston Reid, Wyatt Krapf
SiestaKeyPortfolio.Berkadiarea.com
Woodspring Suites Baton Rouge Portfolio Baton Rouge, LA Opened: 2010 Management Availability: Unencumbered
242 KEYS
WoodspringSuitesBatonRouge.Berkadiarea.com
HIGHLIGHTS • Excellent Condition • Portfolio provided incredibly strong performace through the COVID pandemic • Assets achieved an average 72% occupancy in 2020, Prime to benefit from $10B in energy investments within Baton Rouge Contact: Kyle Stevenson, John Testerman
Downtown Atlanta Proposed Hotel Atlanta, GA Opened/Renovated: 1950/2021 Brand Availability: Unencumbered Management Availability: Unencumbered HIGHLIGHTS • Proposed Four Points by Sheraton Conversion
124 KEYS
• Priced well below replacement cost • Well located within downtown Atlanta Contact: Kyle Stevenson, John Testerman
DowntownAtlanta.Berkadiarea.com ALIS Conference / July 26-28, 2021
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122 KEYS
Home2Lewisville.Berkadiarea.com Home2 Lewisville Dallas Lewisville, TX Opened: 2020 Meeting Space: 1,112 SF Management Availability: Unencumbered
HIGHLIGHTS • Dynamic suburban North Dallas submarket • 8 minutes from DFW airport with Freeway Access and Visibility
Contact: Spencer Scott, Kyle Stevenson
121 KEYS
ElementSuperior.Berkadiarea.com Element Boulder Superior Superior, CO Opened: 2019 Meeting Space: 757 SF Management Availability: Unencumbered Contact: Spencer Scott
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BERK ADIA HOTELS & HOSPITALITY
HIGHLIGHTS • Vibrant North Denver nexus • 9 minutes from Boulder with Freeway Access and Visibility
Courtyard Petaluma Sonoma County Petaluma, CA Opened: 2021 (June) Management Availability: Unencumbered
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HIGHLIGHTS • Surging Sonoma County economy • 38 miles north of San Francisco • High barrier to entry market Contact: Spencer Scott, Scott Hall, Kyle Stevenson
KEYS
CourtyardPetaluma.Berkadiarea.com 3 Peaks Resort & Beach Club South Lake Tahoe, CA Opened: 1959 Brand Availability: Unencumbered Management Availability: Unencumbered
67
KEYS
3PeaksResort.Berkadiarea.com
HIGHLIGHTS • Quality leisure asset with strong existing cashflow • Fee-simple, non-union, unencumbered opportunity in high-barriers-to-entry market • Strategic central location in the heart of South Lake Tahoe, footsteps from Heavenly Village and Lakeside Beach • Diverse room types with tremendous revenue management flexibility Contact: Scott Hall, Aaron Lapping, Spencer Scott
The Tides Oceanview Inn & Cottages Pismo Beach, CA Opened/Renovated: 1947 and 1950’s / 2014 Brand Availability: Unencumbered Management Availability: Unencumbered
27
KEYS
TheTides.Berkadiarea.com
HIGHLIGHTS • Irreplaceable oceanfront location • Sweeping whitewater views of the Pacific Ocean • Durable in-place cash flows with tremendous upside potential including future redevelopment • High barriers to entry market Contact: Scott Hall, Aaron Lapping
ALIS Conference / July 26-28, 2021
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SELECTED CLOSINGS INVESTMENT SALES
MULTIFAMILY CONVERSION Hilton Garden Inn Fairfax Fairfax, VA
Hyatt House Nashville Nashville, TN
Georgetown Suites Washington, DC
149 Rooms
217 Rooms
160 Rooms
DoubleTree Atlanta Airport Atlanta, GA
Sheraton Park Hotel @ The Anaheim Resort Anaheim, CA
DoubleTree by Hilton Hotel Dallas – Farmers Branch Farmers Branch, TX
220 Rooms
486 Rooms
160 Rooms
Hilton Garden Inn / Homewood Suites Dual-Brand Jacksonville Jacksonville, FL
SpringHill Suites Truckee Truckee, CA
Residence Inn Cape Canaveral, FL
114 Rooms
150 Rooms
221 Rooms (Combined)
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BERK ADIA HOTELS & HOSPITALITY
SELECTED CLOSINGS MORTGAGE BANKING
Fairmont Austin Austin, TX
Chicago Portfolio Chicago, IL
Hotels at Flamingo Crossing Orlando, FL
$425,000,000
$150,500,000
$140,000,000
Great Wolf Lodge Anaheim, CA
Residence Inn Boulder Boulder, CO
AC Tampa Tampa, FL
$170,000,000
$32,000,000
$20,000,000
Hampton Inn Clearwater Beach Clearwater, FL
The Troubadour Hotel New Orleans, LA
Hilton Garden Inn Arlington, VA
$20,000,00
$19,000,000
$19,900,000
ALIS Conference / July 26-28, 2021
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HOTELS & HOSPITALITY
Andrew Coleman
Senior Managing Director
Matthew Dower
Director of Operations
240.204.5132 312.845.8513 andrew.coleman@berkadia.com matthew.dower@berkadia.com
Mortgage Banking
Matt Raptosh
Mauricio Rodriguez
215.328.1318 matt.raptosh@berkadia.com
240.204.5133 321.319.1419 mauricio.rodriguez@berkadia.com michael.weinberg@berkadia.com
Lindsey deButts
Connor Wimsatt
240.204.5131 lindsey.debutts@berkadia.com
240.204.5138 connor.wimsatt@berkadia.com
Managing Director
Associate Director
Managing Director
Michael Weinberg Managing Director
Associate Director
Investment Sales
Scott Hall
Dan Hawkins
Denny Meikleham
858.257.4724 scott.hall@berkadia.com
240.204.5139 dan.hawkins@berkadia.com
617.648.4186 denny.meikleham@berkadia.com
Preston Reid
Kyle Stevenson
Dave Weymer
813.675.0113 preston.reid@berkadia.com
786.646.2591 kyle.stevenson@berkadia.com
240.204.5130 dave.weymer@berkadia.com
Wyatt Krapf
Aaron Lapping
Spencer Scott
813.675.0467 wyatt.krapf@berkadia.com
858.257.4725 aaron.lapping@berkadia.com
602.522.5204 spencer.scott@berkadia.com
John Testerman
Mabelle Perez
John Kluh
919.436.2793 john.testerman@berkadia.com
786.646.2587 mabelle.perez@berkadia.com
301.202.3563 john.kluh@berkadia.com
Managing Director
Managing Director
Senior Director
Senior Director
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Managing Director
Managing Director
Senior Director
Director
BERK ADIA HOTELS & HOSPITALITY
Managing Director
Managing Director
Senior Director
Associate Director
BerkadiaBerkadia Office
Office
Hotels & Hospitality Office Hotels & Hospitality
Office
Hotels & Hospitality Offices
Boston
Chicago
DC Metro
Miami
Orlando
Raleigh
San Diego
Scottsdale
Tampa
10 Milk Street Suite 720 Boston, MA 02108
1111 Brickell Avenue Suite 1650 Miami, FL 33131
4275 Executive Square Suite 900 La Jolla, CA 92037
125 S. Wacker Drive Suite 400 Chicago, IL 60606
300 South Orange Avenue Suite 1325 Orlando, FL 32801
6720 N. Scottsdale Road Suite 300 Scottsdale, AZ 85253
4445 Willard Avenue Suite 1200 Chevy Chase, MD 20815
3700 Computer Drive Suite 315 Raleigh, NC 27609
4890 W. Kennedy Blvd Suite 940 Tampa, FL 33609
ALIS Conference / July 26-28, 2021
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