While top line metrics are trending upward, the post-pandemic recovery has not touched all hospitality product types or markets. Timing pressure from loan maturities and impending rate cap renewals, coupled with decreased international travel demand, shifts in business travel behavior, and depleted cap ex reserves...
Client Challenge: A large endowment fund was evaluating a potential joint venture investment to recapitalize an underperforming full-service hotel. The property required significant capital upgrades and repositioning, and the sponsor had proposed closing the hotel, performing a full renovation and changing the flag. Client retained Arcturus...
Client Challenge: Special servicer was seeking an operating partner to stabilize operations, preserve/rebuild collateral value and assist with the eventual sale of a 660 unit multifamily project in foreclosure. Objectives included stemming occupancy decline, managing the day to day operations, and improving reporting. [vc_row][vc_column width='1/2'] Arcturus Solution: [icon_list_item icon='fa-check'...
Client Challenge: A high net worth business owner desired to recapitalize and redevelop an aging property, located in a major US gateway city, that served as the corporate headquarters and flagship retail store for its high profile brand consumer goods retail business. The objective was to...
Client Challenge: A high net worth client desired to improve the operating performance and value of an investment in a 375,000 sf office building in NYC that was suffering from dysfunctional partnership dynamics. Our client also desired to partially monetize its investment in the property to...