RobertDouglas Advises McNeill Hotel Company on Origination and Structuring of up to $150 Million of Growth Capital
RobertDouglas announced today that it advised McNeill Hotel Company, a leading developer, owner, and operator of premium branded select-service hotels, in securing a commitment of up to $150 million from an institutional capital source to invest in the company's existing portfolio and fund future growth opportunities. The commitment was made by a fund managed by Almanac Realty Investors, a New York City based private investment firm specializing in providing growth capital to vertically-integrated real estate businesses.
"The combination of its deeply-experienced leadership team and strong asset management credentials make McNeill Hotel Company one of the most impressive vertically-integrated investors in the select-service hotel sector" remarked Rob Stiles, Principal & Managing Director at RobertDouglas. "We are proud to have been able to assist this best-in-class team at an important inflection point in the growth of their company."
"This transaction highlights the degree of sophistication that now exists in the capital markets for the select-service segment of the broader hotel industry," commented David Smith, Director at RobertDouglas. Lindsey Whang, a Senior Associate, added "With a substantial and flexibly-structured financial backing from an institutional investor, the McNeill platform is now ideally poised to capitalize on new ground-up construction, acquisition, and third-party management deals, and we are excited to be a part of its ongoing emergence as one of the most important players in the sector."
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 info@robert‐douglas.com or go to www.robert-douglas.com.