RobertDouglas Advises Canyon Teton LLC On The Financing Of The Award-Winning Amangani Resort In Jackson, Wyoming
RobertDouglas announced today that it advised Canyon Teton LLC, a Canyon Group of Companies subsidiary, on the $15 million financing of the Amangani resort located in Jackson, Wyoming. The financing was provided by Bank of Jackson Hole.
San Francisco, CA -- RobertDouglas announced today that it advised Canyon Teton LLC, a Canyon Group of Companies subsidiary, on the $15 million financing of the Amangani resort located in Jackson, Wyoming. The financing was provided by Bank of Jackson Hole.
Opened in 1998, the award-winning 40-suite Amangani Resort, designed by world-renowned architect Ed Tuttle, was the first Aman developed and opened in North America and offers an intimate and exclusive lodging experience for guests. Situated on an elevated mesa, high above a breathtaking mountain valley, the Resort offers panoramic views of the Grand Tetons and the sweeping plains and valleys of Jackson Hole. Widely considered one of North America's premier destination resorts, Amangani features an unparalleled amenity base including a year-round, 115-foot heated outdoor swimming pool; well-appointed spa and fitness facilities; various relaxation lounges and common areas; and an exclusive mountain dining experience. The Resort consistently receives the highest accolades for its stellar accommodations, outstanding service, and irreplaceable experience. In 2014 Amangani was once again named one of the 10 Best Hotels in the United States by U.S World and News Report.
"Amangani is, without question, one of the most exclusive resort experiences available in North America. The Sponsor's steadfast conviction for the Resort, coupled with the extraordinary reputation of Amanresorts as the leading ultra-luxury brand and operator, drew substantial interest from many lenders," noted Chris Ropko, Director at RobertDouglas. "We were able to generate a number of attractive financing proposals from local, regional and national banks, debt funds, and conduits through a competitive process."
Rob Stiles, Principal & Managing Director added, "Debt financing on resort assets has proven to be less liquid thus far in the lodging recovery, and only the highest quality resorts and sponsors are able to achieve the most efficient executions – a true testament to our client."
RobertDouglas is a real estate investment banking firm with offices in New York, Los Angeles and San Francisco that specializes in the sale, financing and equity capitalization of hotel, resort and gaming properties throughout North America. Founded by two of the hotel industry's pre-eminent finance professionals, Rob Stiles and Doug Hercher, RobertDouglas offers exceptional domestic and international institutional investor and lender relationships. RobertDouglas combines the capital markets sophistication of top-tier investment banks with detailed hotel underwriting and asset management experience, providing the firm with unique capabilities in an underserved market. For more information, contact [email protected] or go to www.robert-douglas.com.
The Canyon Group of Companies ("Canyon") was formed in mid-2005 by three like-minded individuals: Christoph Henkel from Germany, Kjell Spangberg from Sweden and Homi Vazifdar from the United States. They assembled a staff of highly accomplished individuals, each experienced in investment banking, development or operations in the hospitality industry, to create a company focused on the acquisition or development of small ultra-luxury resorts around the world. The company is headquartered in Larkspur, California, just north of the Golden Gate Bridge. For more information, go to www.canyonequity.com.