RobertDouglas Advises AutoCamp in Securing Growth Joint Venture with Whitman Peterson
San Francisco, CA - RobertDouglas announced today that it advised AutoCamp in their selection of Whitman Peterson as a strategic capital and growth partner. Under the agreement, Whitman Peterson, a real estate private equity company specializing in helping drive growth of target sector platforms, has led a dedicated capital commitment of $115 million focused on acquiring and redeveloping properties for AutoCamp's expansion. As part of the transaction, Whitman Peterson has also invested in the AutoCamp operating company.
"AutoCamp is a major player in the outdoor hospitality space, and we truly believe that their product is one-of-a-kind and is quickly changing how travelers think about traditional lodging options," notes Lindsey Whang, Senior Associate at RobertDouglas. Whang believes "the AutoCamp team has created the most unique, defensible and scalable outdoor hospitality platform in existence today."
"Whitman Peterson's deep experience and asset management expertise combined with AutoCamp's entrepreneurial spirit and innovative approach to hospitality creates a powerful partnership poised for rapid growth in an exciting and emerging sector of the industry," said Robert Stiles, Managing Director and Principal of RobertDouglas.
Dedicated capital provided by Whitman Peterson will give AutoCamp the ability to develop over $500 million in projects. The partnership has already closed on their first venture, the development of AutoCamp Yosemite. Situated a short drive from the gates of Yosemite National Park, the property will include 105 luxury Airstreams and tents and is slated to open the first quarter of 2019.
AutoCamp, the leading outdoor lodging brand, makes it easy for people to connect with the great outdoors by providing modern and stylish accommodations. The company's unique properties are known for beautiful modern Airstream suites, and luxurious tents. AutoCamp has revolutionized alternative lodging by blending the traditional outdoor experience with the service and design of a boutique hotel. From luxury linens, bedding, and bathrobes to a mid-century modern inspired reception and meeting space, AutoCamp has reimagined the outdoor lodging experience for the modern adventurer. Visit AutoCamp in Santa Barbara; the Russian River Valley; and soon to be open at Yosemite near Mariposa, California. For more information and booking visit autocamp.com.
About Whitman Peterson
Whitman Peterson ("WP") is an institutionally backed real estate investment management company actively investing in the hospitality, multifamily, student and seniors housing sectors. Through its discretionary commingled funds, WP has invested in transactions involving more than 150 acquisition and development assets, with an aggregate capitalization of over $15 billion. The firm has investments across 30+ submarkets in the U.S. and also has investments in the U.K. and Latin America. Whitman Peterson focuses on helping drive significant asset and operating company growth to a select group of prominent national operating, investment, and development companies within WP's target sectors. To learn more about Whitman Peterson, visit WhitmanPeterson.com.
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]‐douglas.com or go to www.robert-douglas.com.