Never thought I would be investing in a hotel...

[Chris A.]

Investment Info:

Other commercial investment investment.

Purchase price: $4,650,000

Contributors:
Jonathan New

Syndication Investment. The US Naval Academy Alumni sold this portfolio of 3 properties with combined 12,000 sf. of space, it will be converted to a boutique historic inn that will have 20 suites.

What made you interested in investing in this type of deal?

The location and the business plan. I think that this will be a huge success due to proximity to the Naval Academy and the tourism in the area.

How did you finance this deal?

sale of a triplex in Portsmouth VA helped to fund this investment.

[Chris A.]

@Patti Robertson  @Scott Mac  Thanks for all the tips!  I will pass that to our director of operations in case it has not been thought of already.   Appreciate all of the comments.