On the first anniversary of the SEC regulations allowing general solicitation for certain private placements a new accredited investor site has been launched. Hotel Innvestor seeks to alter the business model for hotel investments with their investment crowdfunding platform.
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/