The single most popular item on HotelNewsNow.com—by quite a large margin—is our “Hotel Acquisition Funds List.” And for good reason. The list is an invaluable resource for hotel dealmakers as it provides in one spot a list of acquisition funds with capital to spend on hotel deals.
During the past several weeks, my colleague Samantha Worgull and I have spent time updating this list fund by fund and adding new entries as we come across them. It’s an arduous task to say the least, requiring countless emails and phone calls to the respective fund companies as we try to lock down the details of each fund.
I’m pleased to report all the work paid off. Today we unveil a fully refreshed Hotel Acquisition Funds List ready for your perusal. First-time viewers of the funds list will need to complete a free registration in order to view the list.
And, as it turns out, this is an ideal time for us to update the Funds List, as there has been a fair amount of wheeling and dealing as the industry’s performance metrics continue to strengthen.
Included is the $250-million acquisition fund launched by Yotel; IFA Hotels & Resorts; Kuwait Real Estate Company; and The John Buck Company. The fund is intended to help expand Yotel’s brand via existing development sites and/or condominium interests in mixed-used development projects, non-hotel buildings that can be converted to Yotel hotels, and existing hotels that could be converted to Yotel hotels.
Yotel intends to develop between six to eight more U.S. hotels with the assistance of the fund.
I’m also happy to announce a new wrinkle has been added to the list. We are now keeping a record of closed funds in a separate, downloadable Excel file. As always, we will be diligent in keeping both lists as up to date as possible. Of course, please feel free to email either myself at email@example.com or Worgull at firstname.lastname@example.org if you know of any funds that should be added or changed. Also, please feel free to reach out if you have any suggestions on how we can continue to make the list more useful.