Hotel-Investment-Banking Platform Raising Capital For 2 Hotels
Projects Are Located In Santa Barbara And Los Angeles Markets
Newport Beach, Calif. – Hotel Innvestor has been retained to raise capital for two separate offerings for hotel projects in Goleta, Calif. and Glendale, Calif.
President Tim L. Edgar announced today that the first project is raising funds for a construction loan for a Hilton Garden Inn to be built in close proximity to the University of California at Santa Barbara in Goleta. The second offering is to raise funds to refinance the loan on an existing Vagabond Inn hotel in Glendale.
“Hotel Innvestor is pleased to be working on such great projects located in prime Southern California locations,” Mr. Edgar said. “We are even more pleased to be expanding our relationship with strong sponsors like Huntington Hotel Group in Goleta and Vista Investments in Glendale.”
Unique to the offerings, Hotel Innvestor utilizes an equity-crowdfunding model to raise the capital, so the offerings are available to Accredited Investors throughout the country via their website: www.hotelinnvestor.com. Using the Regulation D 506 (c) exemption to the Securities Act, Hotel Innvestor is able to advertise the availability of these private securities to a much larger audience, although only Accredited Investors as defined by the SEC are able to invest in the offerings. An Accredited Investor must have a net worth of $1 million or more excluding their primary residence or have earned a minimum $200,000 (or $300,000 as a couple) a year for the last two years with a reasonable expectation to continue to earn that much income.
Hotel Innvestor’s primary focus is select-service, extended-stay and premium limited-service franchised hotels in the top 25 Metropolitan Statistical Areas. 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.
“Both of these projects are consistent with our focus on quality mid-market, franchised hotels,” Edgar said. “Goleta also fits with our special affinity for coastal California locations.”
Securities offered through WealthForge,LLC Member FINRA/SIPC Investment products are not FDIC Insured, not insured by any Federal Government Agency, no bank guarantee and may lose value.
