Case Study #3: Host Hotel Portfolio (Lancaster, PA and Sturbridge, MA)

 


• Led due diligence and transition of this acquisition
  in July 2005
• Acquired distressed $35MM mortgage for $28MM
  directly from lender
• Core renovation (2006-2007) of $12.0MM
• Portfolio includes 550 guest rooms and 100,000 SF
  of meeting space
• Repositioned in corporate, association, social, and
  wedding markets
• NOI growth from 2005-2009 of 120%
• NOI margin increase from 9.6% to 22.4% (2005- 2009)

 
 


 
   
           
       
      ABOUT US | CAPABILITIES | ASSET PORTFOLIO | CAREERS | INVESTOR RELATIONS CONTACT | HOME      
      2014 © Milestone Hospitality Management All Rights Reserved.