INTELLISTAY BOONVILLE EQUITY
IntelliStay Boonville Equity LLC (""IntelliStay Boonville"") is offering accredited investors the opportunity to purchase up to 90% of its membership interests in a 3-story, 56-key, limited-service Holiday Inn Express located in Boonville, MO (the ""Property"") in exchange for aggregate capital contributions of approximately $810,000. IntelliStay Boonville acquired the Property on September 29th, 2015, and believes an investment in IntelliStay Boonville represents an attractive opportunity for c... urrent cash flow distributions and overall risk-adjusted investment returns. IntelliStay Boonville is sponsored by IntelliStay Hospitality Management, LLC, (""IntelliStay Hospitality"") a private real estate investment firm. Boonville is located directly off Interstate 70, the main east-west corridor that connects Kansas City and St. Louis. The Property benefits from being a moderately-priced but well-recognized brand on a major interstate and Boonville is a growing tourist destination. The all-in transaction basis, which includes investing an additional $500,000 for improvements after acquisition, is approximately $76,000 per key (excluding working capital), which is below an estimated replacement cost of approximately $90,000 per key for a newly-constructed comparable property. The Property is a stabilized, well-maintained and well-located Holiday Inn Express with consistent historical operating performance. The Property has been acquired with a targeted unleveraged cash flow yield of in excess of 10% and a leveraged cash flow yield expected to exceed 17.0% based on the total capitalization (including the PIP). IntelliStay Hospitality sees key opportunities to create value for investors through smart acquisitions, upgrading the facility, upgraded professional management and a strategic exit. IntelliStay Hospitality focuses on assets that have consistent cash flow performance and are available for acquisition at below replacement cost and attractive yields.
INTELLISTAY BOONVILLE EQUITY
Industry:
Facility Management Hospitality Real Estate
Founded:
2015-08-07
Address:
New York, New York, United States
Country:
United States
Website Url:
http://www.intelli-stay.com
Total Employee:
1+
Status:
Active
Contact:
+1 212 750 0373
Email Addresses:
[email protected]
Total Funding:
810 K USD
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