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Marriott Courtyard

  • Hotel Acquisitions I, LLC
  • Icn offering location Lynchburg, VA

Equity investment in the recapitalization and renovation of a well-performing Courtyard Marriott in a high-demand area.

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  • Icn funding type
  • Icn funding meta
  • Posting
  • Equity
  • Total Raise: $3,125,000
  • Min. Investment: $25,000
  • Expected Hold Period: 10 years
  • Property Type: Hotel
  • Est. Investor IRR: 15%
  • Est. Cash-on-Cash: 14.7%
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The sponsors are co-investing 30% of the total equity raise and are personally guaranteeing the Marriott Franchisor agreement.
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Recapitalization includes a $2.2MM renovation to completely modernize the hotel to 2016 brand standards. It is slated to be the newest hotel in the area.
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Demand from the local universities, corporations, leisure organizations, and government has made the Marriott Courtyard one of the best performing hotels in the region.