Bethesda Residence inn
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| Location: | Annapolis, MD |
| Rooms: | 187 |
| Equity Invested: | $4.7 MM |
| Proceeds: | $64.5 MM |
Investment Results
- 43.7% IRR
- 11x multiple on invested equity
Opportunity
- Off-market deal
- Excellent location in high barrier market
- Under-funded and under-performing in its market
Value Added
- Harvested cash flow
- Refinanced several times
- Added leisure through internet marketing
