Real estate investment platform CrowdStreet announced an offering for a Marriott International hotel real estate portfolio in Missoula, Montana.
The Missoula Marriott Portfolio is comprised of two recently completed Marriott hotels with a connected, fully leased retail center in Missoula. The fund is looking to acquire, operate and eventually sell the AC Hotel, Residence Inn and The Mercantile retail center in the heart of the rapidly developing downtown Main on Main neighborhood. The principal sponsors of the offering, New Castle Hotels & Resorts and Evermore Partners, expect the fully leased and stabilized portfolio to produce significant cash flow from Day 1.
Although Missoula is typically associated with tourism, the city has a diverse economy that benefits from the presence of education, healthcare, technology, manufacturing and professional service industries. The hotel properties will benefit from ...
Full story available on Benzinga.com
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The Missoula Marriott Portfolio is comprised of two recently completed Marriott hotels with a connected, fully leased retail center in Missoula. The fund is looking to acquire, operate and eventually sell the AC Hotel, Residence Inn and The Mercantile retail center in the heart of the rapidly developing downtown Main on Main neighborhood. The principal sponsors of the offering, New Castle Hotels & Resorts and Evermore Partners, expect the fully leased and stabilized portfolio to produce significant cash flow from Day 1.
Although Missoula is typically associated with tourism, the city has a diverse economy that benefits from the presence of education, healthcare, technology, manufacturing and professional service industries. The hotel properties will benefit from ...
Full story available on Benzinga.com
Continue reading...