Buyer type
FundCoverage
3 marketsStrategies
- Stabilized
- Value-add
- Distressed
Buy boxes
1 activeIn their words
Acquisition Criteria
- A disciplined buy box.
- Flag: Hilton, Marriott, and other brands by Hilton
- Size: 80–130 keys
- Market: One of four target MSAs
- Basis: 60–75% of stabilized value; below replacement cost
- Physical: PIP-compliant within 18 months; no structural remediation
- Deal type: Lender-driven sale, distressed seller, or under-managed repositioning
- Hold: 3–5 year target to stabilized refinance
- We acquire below replacement cost, stabilize through a standardized operating playbook, and target exit via refinance at CMBS-grade metrics, subject to market conditions and property performance.
Markets
As stated: “Atlanta, GA … Charleston, WV … Kansas City, MO/KS … Phoenix, AZ”
Deal profile
- Funds
- Allencrest Hospitality Fund I LP; Allencrest Waco LP