bridge loans - Conor Acquisitions

Transcription

BRIDGE
LOANS
4962 ROYAL GULF CIRCLE | FORT MYERS, FL 33966 | O: 855.702.6667 | F: 888.376.3210 26
BRIDGE
LOANS
PROJECTS
LOCATION
LOAN AMOUNT
INTEREST RATE
POINTS
IRR
Comfort Suites FL $2,500,000 12.00% 5.00% 19.00%
Days Inn FL $720,000 12.00% 5.00% 19.00%
Quality Inn FL $720,000 12.00%
5.00% 19.00%
Americas Best Value FL
$720,000 12.00%
5.00% 19.00%
Doctor Associate FL
$320,000 12.00% 5.00%
19.00%
Quality Inn AL $250,000
12.00% 5.00% 19.00%
$5,230,000
12.00% 5.00%
19.00%
TOTAL
CLOSED
PORTFOLIO
CLOSED
PORTFOLIO
Projects
PROJECTS
LOCATION
Baymont
Inn & Suites
Best Western Inn
Baymont Inn & Suites
NM Comfort Suites
Best Western Inn Comfort GA
Suites
Comfort Suites SC Express
Holiday Inn
Quality Inn
Comfort Suites AL Airport
Holiday Inn Express Sleep InnGA
Wingate Inn Airport
Quality Inn AL Wingate Inn
Sleep Inn Airport GA
Location Purchase Disposition
Price
Price
PURCHASE PRICE
NM
$1,050,000
GA
$1,800,000
$1,050,000 SC
$615,000
AL $1,800,000$2,920,000
GA $615,000 $1,750,000
AL $2,920,000 $475,000
GA $1,750,000 $916,000
FL
$4,700,000
$475,000 FL
$6,000,000
$916,000 Proﬁt
DISPOSITION
$1,533,000 PRICE
$343,025
$2,500,000 $700,000
$1,533,000
$720,000
$95,000
$2,500,000 $220,000
$3,450,000
$720,000 $170,500
$1,925,000
$865,000
$3,450,000 $390,000
$976,000
$1,925,000 $50,000
$5,400,000 $700,000
$865,000 $8,150,000 $2,150,000
$976,000 PROFIT
$343,025
$700,000
$95,000
$220,000
$170,500
$390,000
$50,000
Wingate Inn Airport TOTAL FL
$4,700,000
$5,400,000
$20,226,000
$25,519,000
$4,818,525
Wingate Inn
not include operational
$6,000,000
$8,150,000 Note: ROI FL
does
cash ﬂows
and cost of sale.
$700,000
TOTAL $4,818,525
$20,226,000 4962 ROYAL GULF CIRCLE | FORT MYERS, FL 33966 | O: 855.702.6667 | F: 888.376.3210 $25,519,000 29
$2,150,000
NEW DEVELOPMENT
& PREPOSITIONED
PORTFOLIO
NEW DEVELOPMENT
& REPOSITIONED PORTFOLIO
New Development & Reposi=oned Por0oli
NEW DEVELOPMENT
Somerset Hotel Conversion – Crown Plaza Somerset, NJ SOMERSET HOTEL CONVERSION - CROWN PLAZA SOMERSET,NJ
Current CURRENT
REPOSITION
ReposiKon Current ReposiKon 4962 ROYAL GULF CIRCLE | FORT MYERS, FL 33966 | O: 855.702.6667 | F: 888.376.3210 32
NEW DEVELOPMENT
SOMERSET HOTEL CONVERSION - CROWN PLAZA SOMERSET,NJ
NEW DEVELOPMENT
Sioux City Hotel Conversion – Doubletree Hot
SIOUX CITY HOTEL CONVERSION – DOUBLETREE HOTEL, IA
Current CURRENT
REPOSITION
Current ReposiKon ReposiKo
NEW DEVELOPMENT
SIOUX CITY HOTEL CONVERSION – DOUBLETREE HOTEL, IA
NEW DEVELOPMENT
AC HOTEL
4962 ROYAL GULF CIRCLE | FORT MYERS, FL 33966 | O: 855.702.6667 | F: 888.376.3210 EVEN HOTEL
36
NEW DEVELOPMENT
EMBASSY SUITES
4962 ROYAL GULF CIRCLE | FORT MYERS, FL 33966 | O: 855.702.6667 | F: 888.376.3210 HYATT HOUSE
37
NEW DEVELOPMENT
HOME 2
4962 ROYAL GULF CIRCLE | FORT MYERS, FL 33966 | O: 855.702.6667 | F: 888.376.3210 HOLIDAY INN EXPRESS
38
TEAM
MEMBERS
TEAM
MEMBERS
Dipesh Patel CE/ Senior Asset Manager
Manoj (Mike) Patel Senior Acquisition & Feasibility Analyst
Rajesh (Rick) Patel Chief Financial Officer
Bhavik (Vik) Patel Investment Manager
Dr. Kiran Patel Senior Capital Strategist
Jonathan Won Chang Chief Design Consultant / Senior Marketing
TEAM
MEMBERS
Dipesh Patel - CEO / Senior Asset Manager
Dipesh is a graduate from the University of Florida with a Bachelor of Science in Finance and a Master of Arts in
International Business. At the University of Florida, Dipesh was an active leader in several organizations. Dipesh
served as President for two large student organizations, including Student Government Senate. Dipesh also
served on University Advisory Boards, and an active participant of the prestigious Florida Blue Key.
Before establishing Conor Acquisitions, Dipesh was an Associate with Wachovia Bank, working in their Operation
and Technology group. While at Wachovia, he took part in a selective Associate Leadership and Development
Program and helped lead a corporate wide project to develop Greener and environmentally friendly initiatives.
His primary role as a Technical Consultant was helping to support Wachovia’s Sales Opportunity and Lead
Development platform.
After leaving Wachovia, Dipesh became active with hotel operation and analysis of his family’s Hospitality
portfolio. Soon he established Conor Acquisitions. Currently Dipesh is CEO of Conor Acquisitions.
TEAM
MEMBERS
Manoj ‘Mike’ Patel - Senior Acquisitions & Feasibility Analyst
Manoj Patel is a graduate from Florida Atlantic University with a major in Real Estate and a focus in Finance.
Currently he owns and operates National Hospitality Consulting Group which has several major divisions such
as: commercial real estate brokerage, commercial lending, sourcing of private equity, note purchases, corporate
bankruptcy restructuring, and other related consulting services.
He has spearheaded the acquisition of numerous hotel projects under Conor Acquisitions and played a vital role
in expanding revenues. He has researched and recommended the disposition of assets at substantial increased
revenue, and slashed project debts, by carefully managing debt and investments.
During his consulting assignments, Manoj has amassed a wealth of knowledge and banking relationship that
brings a unique prospective to this partnership. Most of his assignments have been in the benefit of borrowers;
however, due to his creative strategies he has earned the respect of many lenders and opposing attorneys.
Manoj has worked on over 327 hotel asset cases since 1998.
TEAM
MEMBERS
Rajesh ‘Rick’ Patel - CFO
Rajesh Patel attended Florida Atlantic University with a focus in Accounting. Rajesh has been active in the
hospitality and finance arenas for the past 15 years. He has owned and operated hotels, as well as acted in a
consulting capacity on various hotel transactions. His extensive personal work with hotels and other facets of
the hospitality industry has made him an asset to the industry and to those seeking advice on achieving success
in the industry. Rajesh’s start was as an owner and operator of several hotels, including the Ramada, Quality
Inn and Sleep Inn brands.
He later entered the finance industry and gained experience and knowledge in mortgage lending and
underwriting. Rajesh expanded on this and ventured from residential to commercial lending. This extensive
knowledge in the finance industry has been immensely beneficial to his role at Conor Acquisitions.
As a partner at Conor Acquisitions, Rajesh is instrumental in the Financing division of the business. His
responsibilities and expertise include monitoring the credit lending process of the organization and ensuring
compliance with all applicable policies, risk assessment, and researching market trends and health. Rajesh
continues to work closely with clients, investors, and financial institutions to ensure profitable business
opportunities.
TEAM
MEMBERS
Bhavik Patel - Investment Manager
Bhavik is a graduate from the University of Florida with a Bachelor of Science in Finance and a Master of Arts
in International Business. Bhavik also completed graduate classes at ESADE University (Spain’s highest ranked
business school at the time) to gain practical experience in international business.
After Graduate school, Bhavik became active with hotel operations and analysis of his family’s hospitality
portfolio. Soon he was recruited by Conor Acquisitions to join their Capital division. Currently he’s Investment
Manager Conor Acquisitions, and provides a variety of services including commercial real estate analysis. His
expertise include corporate strategic analysis and guidance, hotel asset feasibility and projections, market
analysis, contract negotiation, forensic accounting, transaction analysis, etc.
TEAM
MEMBERS
Jonathan Won Chang - Chief Design Consultant / Senior Marketing Analyst
Jonathan Won Chang is a graduate with the highest distinction from New York Institute of Technology, School of
Architecture and Design with a Bachelors of Science in Architectural Technology and a minor in Construction
Management. His prior education comes from Cornell University School of Architecture and Design where he
focused on the fundamentals of design and construction.
Mr. Chang dedicated 4 years to the internationally renowned design firm Rafael Viñoly Architects based in Lower
Manhattan. Earning his position there as Project Architect he successfully oversaw and completed the construction
of three landmark public sector buildings: Bronx County Hall of Justice, Brooklyn College West Quad, and the
Brooklyn Children’s museum.
Mr. Chang eventually decided to pursue the hospitality industry where he was appointed as CEO of Four Way
Hotel Corp. His involvement included the restructuring of Management, HR, and Marketing at the Best Western
Plus Orlando Airport Inn & Suites increasing the asset value in excess of $2 million while cutting long term debt
by $1.8 million within 3 years. During this time he gained experience in revenue management and marketing and
sales at an in depth level. He was voted in as Best Western Internationals Florida CO-‐OP Chairman of the board.
Mr. Chang has become extremely proficient in Revenue Management, Sales, Marketing, Hotel operations, and
holds his highest proficiency in design, development, and constructions upon joining Conor Acquisitions. His ability
to understand and ascertain complex asset valuations to predict the feasibility of an asset has been accentuated
and differentiated him amongst his peers. He continues to develop a wide array of skills while heading the Design
and Management assignments for Conor Acquisitions.
TEAM
MEMBERS
Dr. Kiran Patel - Senior Capital Strategist
Dr.Patel is a board-‐certified cardiologist who is currently the Chairman and President of Freedom Health and
Optimum Healthcare, Inc., Which are award-‐winning health maintenance organizations providing managed
care benefits to Medicare recipients. Combined, the plans serve over 60,000 seniors in the state of Florida.
Dr. Patel began his career in private practice. He quickly became recognized as a pre-‐eminent cardiologist
and established a physician practice management company, which he grew to over 20 physicians and multiple
locations.
Dr. Patel subsequently entered the managed care industry and was Chairman of WellCare of Florida. While at
WellCare, he acquired struggling HMOs in New York and Connecticut and helped build the company into the
largest Medicaid health insurance company in Florida and fifth largest in the U.S. When Dr. Patel left WellCare
in 2002, it had over $1 billion in revenue, over 450,000 members and 1,200 employees.
After leaving WellCare, Dr. Patel was under a non-‐compete agreement and thus became involved in healthcare
informatics. He was a key investor in ikaSystems, Inc., a provider of cloud computing solutions to the managed
care industry.
Dr. Patel oversaw a 3000% increase in revenue at ikaSystems before exiting the investment in 2007. Dr. Patel
completed his fellowship in Cardiology at Columbia University in 1982. He completed his residency in Internal
Medicine in New Jersey after obtaining a medical degree from Gujarat University in India and completing an
internship in Africa. Born in Zambia, Dr. Patel studied under the British Educational System in Zambia and
received a diploma from Cambridge University in United Kingdom. He also completed studies at the University
of London.
TEAM
MEMBERS
Dr. Kiran Patel - Senior Capital Strategist ..conti
Dr. Patel is the founder of the Dr. Kiran and Pallavi Patel Family Foundation, which supports projects related to
Health, Education and the Arts around three continents. In 2005, the Foundation made a donation to University
of South Florida (USF), which was (at the time) the largest donation in USF history.
The Foundation also donated significant money to support the Pepin Heart Hospital Research Institute as well
as the Performing Arts Center, which was renamed the Dr. Pallavi Patel Conservatory for Performing Arts.
Among the honors and awards that Dr. Patel has received are: the Ernst & Young Entrepreneur of the Year Award
for the Southeast U.S., Jefferson Award for Public Service-‐National Media Award, Community Leader Award-‐
Community Development Corporation of Tampa, Lions Clubs International Academy Award for Humanitarian
Service and Ike Tribble Award from National Urban League. On New Year’s Day in 2007, Dr. Patel was honored
with the “Glory of Gujarat” award from the Chief Minister of his home State in India. In May 2007, Dr. Patel
received the Ellis Island Medal of Honor for Exceptional Immigrant Patriots.

bridge loans - Conor Acquisitions

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