Property

DoubleTree Salt Lake City Airport Salt Lake City, UT

Property
Type
Hospitality
Investment Type
Property
Asset Profile
Value Add
Min. Investment
$50K
Estimated Hold
5Y
Target Return (IRR)
16%
Target Annual Cash
11.7%
Target Equity Multiple
2x
 

Offered By

ASAP International Hotel, LLC
Experienced Sponsor

Los Angeles, CA

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Assets Under
Management

Currently
$400MM
Exited
$65MM
Portfolio LTV
60%
Historical
Realized Returns

Total IRR
20%
Equity Multiple
2.5x
Annual Cash
15%
Years Of
Experience

As Principals
30+ years
In Business
6 years
Size
10 Staff
* All information is reported by ASAP International Hotel, LLC as of 2/7/2017.
 

About this Property

ASAP International Hotel LLC is seeking Investors for a total of $13,500,000 for the acquisition and renovation of the full-service 288-room full-service Doubletree by Hilton Salt Lake City Airport located at 5151 Wiley Post Way, Salt Lake City, Utah 84116 (“the Hotel” or “Property”).

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Key Points

  • The Hotel is embedded within the International Center business park, which has high-rated corporate demand from the technology, defense, manufacturing, pharmaceuticals, life sciences, and logistics sectors.
  • The Hotel enjoys an ideal location, two miles west of the International Airport’s terminals, a ten-minute ride from Downtown Salt Lake City, and within one hour of over 13 renowned ski resorts.
  • The airport is currently in the midst of a massive, $1.8 billion renovation and expansion which commenced in 2014, which will add an additional terminal in 2020 to dramatically expand the airport’s capacity. Salt Lake City Airport is the closest International airport to the World most famous national park “Yellowstone”.
  • Salt Lake City has recently developed a reputation as a national tech hub dubbed the “Silicon Slopes,” anchored by the sizable footprints of firms like eBay and Adobe.
  • Utah has ranked as the top state in the country in innovation and entrepreneurship, second in high-tech performance, and third in economic performance in a study of all fifty states as well as CNBC’s 2016 America’s Top States for Business list.
 

Financials

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Location Details

Salt Lake City, UT

The Hotel enjoys an ideal location, two miles west of the International Airport’s terminals, a ten-minute ride from Downtown Salt Lake City, and within one hour of over 13 renowned ski resorts. Salt Lake City Airport is also the closest International airport to the World most famous national park “Yellow Stone”.

Since Yellow Stone National Park is one of the most attractive tourist routes in the U.S. for Asians, the growth in Chinese tourists made the major portion of the 82.2% Airport growth international travelers.

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Documents

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Frequently Asked Questions

Below are some of the most frequently asked questions about this offering.

The first projected distribution is scheduled for June 2017.

Distributions are scheduled to go out on a quarterly basis.

Yes, non-US residents are welcome to apply.

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RealCrowd offerings are open to US-based accredited investors. RealCrowd does not recommend or advise on any offering on our platform. While we have minimum history and experience threshold for sponsors who post on our platform, if you are unable to perform your own due diligence, please consult with an attorney or financial advisor prior to making an investment.

RealCrowd is a marketplace that connects investors with qualified sponsors. We strive for transparency and impartiality. For this reason, we do not participate in any offerings on our site.

Have a Question?

Send ASAP International Hotel, LLC and/or RealCrowd a message. If you have a question about this offering ask ASAP International Hotel, LLC. If you have a question about the transaction process or other general inquiry, RealCrowd will be happy to help.

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