Four Points by Sheraton
Little Rock Midtown
A foreclosed, distressed hotel acquired at auction, recapitalized, and rebranded — then sold at a 4.1× equity multiple.
How value was created
Bought at auction for $5mm, well below replacement cost — a built-in margin of safety.
Clarion to Four Points by Sheraton, unlocking Marriott demand and $600k of Starwood key money.
New management and a leaner team drove NOI from $986k to $1.2mm, then a full renovation.
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. Figures are approximate, unaudited, and gross of fees, carried interest, and fund expenses, which would reduce investor returns. Return metrics are calculated on invested equity and reflect the manager's estimates; years in which NOI was reinvested into capital improvements generated limited distributable cash flow.