WoodSpring Suites
Rio Grande Valley Portfolio
Three extended-stay hotels acquired at a discount to replacement cost, repositioned under new management, and sold 19 months later at a 224% cash-on-cash return.
How value was created
Acquired at $29,201 per unit — a significant discount to replacement cost for a 2010-vintage portfolio.
Nationwide replaced the prior manager, driving occupancy to the mid-90s and rents above pro forma.
A consistent interior and exterior scope replaced piecemeal work, unlocking real rent premiums.
Disclosures. For informational purposes only; not an offer to sell or solicitation to buy any security. Reflects a single realized investment selected to illustrate strategy and is not representative of all investments or overall portfolio performance. Past performance is not indicative of future results. IRR and cash-on-cash returns shown are net investor returns after all fees and promotes. Figures are approximate and unaudited. Certain statements reflect the manager's judgment as of the date indicated and are subject to change.