![]() Founded by Tim Edgar, an industry broker with over 19 years of experience, he has created the first national investment portal targeting a specific segment of the real estate industry; hotels.
Hotel Innvestor plans to underwrite new construction on a case-by-case basis, drawing from the company’s pipeline of potential offerings, including equity and debt placements, and several new-construction, first-trust deeds. The platform has partnered with WealthForge to provide broker / dealer services. The portal’s primary focus is stated to be “select-service, extended-stay and premium limited-service franchised hotels in the top 25 MSA. The company will look to raise equity capital for hotels with a minimum $75 ![]() Revenue Per Available Room (RevPar) and focus on raising capital for debt for properties with a minimum $50 RevPar”.
Edgar, has been active in the hotel industry since 1991 and is joined by Saundra Edgar as VP of operations. Company information states that Edgar has sold over $1 billion in hotel properties and underwritten several billion dollars’ worth of additional projects in the past two decades. Posted from : http://www.crowdfundinsider.com/2014/09/50546-hotel-innvestor-targets-real-estate-crowdfunding-niche/ |