Distressed Hotel Opportunities
Since the beginning of COVID-19, the world has undergone a major economic turmoil for the hospitality and tourism industry. With the steep decline in occupancy rates and Average Daily Rates (ADR), many hotel properties were restructured or refinanced with new vision and strategies.
During this time of operational challenges, the industry is in dire need for a combined solution of expertise and capital. This may, in fact, provide unique opportunities for investors to bring the combination of capital and capability to the hospitality industry.
- How can we anticipate the revival of business and leisure travel within the hospitality industry?
- How can we build an optimal portfolio of hospitality assets that includes opportunistic, redevelopment, construction, project completion, and rescue capital?
- What are the target returns at a portfolio level for hospitality investing post COVID-19?
- How does a unique asset with a strong or standout location aid in value extraction?
- What structure is the most optimal structure of hospitality deals?
Event Recording
Distressed Hotel Opportunities
Speakers
Nathan Whigham
- Title
- Founder & President @
- Company
- EN Capital
- Role
- Moderator
Nathan Whigham is the Founder and President of EN Capital. He has been placing debt and equity across all types of commercial real estate since 2006 and has been involved in the origination of over $1B of commercial real estate finance. Prior to founding EN Capital he was the Senior Director of Business Development for CleanFund Commercial PACE Capital for Southern California. Before his tenure as a commercial PACE lender he was Senior Vice President & Director of Business Development at Nebo Capital, a boutique commercial real estate capital advisory firm. Nathan has also developed over six megawatts of large commercial renewable energy projects and has been involved in a variety of entrepreneurial ventures. He holds an MBA from the Marshall School of Business at the University of Southern California and a BS in Systems Engineering from the University of Arizona and is a licensed California Real Estate Broker.
Bharat Sangani, MD
- Title
- Chairman & Founder @
- Company
- Encore Enterprises
- Role
- Panelist
Dr. Bharat Sangani, Founder and Chairman of Encore Enterprises, co-founded the firm in 1999 as a vehicle for investors to share in the success of his real estate deals. In 1991, “Doc,” as he is known by both clients and co-workers, made his first investment in real estate, transforming a failing hotel in Gulfport, Mississippi. Doc quickly learned he has a natural instinct for real estate investing and began growing his portfolio. Over the nearly 30 years that followed, Doc has established a successful real estate investment and development firm with a proven track record across various sectors and multiple market cycles throughout the United States. He is responsible for more than $2.7 billion in real estate transactions for Encore and oversees every aspect of the business, from operations to financial management. Admired for his relentless work ethic, Doc, along with a team of experienced, results-driven, and forward-thinking individuals, leads Encore on the principles of honesty, integrity, and fairness. He is an active contributor to the community and is involved in various charities both locally and in India.
Joseph W. DeMatteo Sr.
- Title
- Founder & President @
- Company
- JDM Capital Hospitality Management
- Role
- Panelist
For almost three decades, Joseph has been a leading industry expert in the fields of hospitality and real estate management. His expertise in all facets of hospitality allows him to create one of a kind experiences that drive consumer demand and consistent returns for investors. An industry thought-leader and dedicated teacher, Joseph has spearheaded the asset management and hospitality programs as a faculty member and lecturer at NYU Masters Program at the Real Estate Institute, and Northeastern University’s D’Amore McKim School of Business.
His educational accomplishments include a B.S. in Finance from the State University of New York, the completion of an Executive Management Program from Harvard Law School, a Degree in Building and Construction Management, Certificates in International Business and Finance & Hotel Operations all from New York University.
Euclid Walker
- Title
- Senior Managing Director & Partner @
- Company
- CGI Merchant Group
- Role
- Panelist
Euclid Walker has over 27 years of investment and advisory experience. Mr. Walker is a Senior Managing Director and Partner at CGI, with responsibilities for investor relations and fundraising efforts for all CGI investment strategies, helping forge and further solidify partnerships across the firm's growing list of institutional investors, capital market players and other high-profile collaborators.
His prior experience includes founding and serving on the Executive Board of several investment advisory and banking services firms, where his responsibilities included marketing new funds and sourcing, analyzing, structuring, executing and monitoring investments. Additionally, Mr. Walker is a former Executive Director of Morgan Stanley’s Investment Banking Division in the Corporate Finance and Mergers & Acquisitions Departments. He was with Morgan Stanley for over 10 years in various capacities. During this time he advised Real Estate and lodging and leisure companies on capital raisings and M&A activity.
Mr. Walker is a Phi Beta Kappa graduate of Morehouse College with a BA in Business Administration where he currently serves as chair of the Trusteeship committee of Morehouse’s Board of Trustees.
About
JDM Capital Hospitality Management
JDM Capital Hospitality Management Group provides operating and financial support for the day to day management and asset oversight of Hospitality assets. We are actively seeking Redevelopment, Re-Purposing and Acquisitions to be repositioned as a *participating mezzanine, *preferred equity, *GP, and *co-GP partner with a focus on operational control positions.
Encore Enterprises
Founded in 1999, Encore is a vertically integrated, actively managed real estate investment and operating company focusing on value-added and opportunistic strategies throughout the United States. Operational excellence, combined with a commitment to disciplined investing, allows the company to capitalize on trends across all market segments, maximizing risk-adjusted returns for investors.
Since inception, Encore has completed more than $2.7 billion in real estate transactions with $1.3 billion in assets under management. Encore develops, acquires, and manages commercial real estate opportunities across the multifamily, hospitality, mixed-use retail, and office sectors, and has successfully operated fast-casual restaurants across the U.S.
CGI Merchant Group
CGI Merchant Group (CGI) is a global investment management firm with a focus on real estate and private equity. We work to create long-term value for our investors and shareholders and seek to improve the communities where we invest by utilizing our people, unique strategies, and investment platform.
EN Capital
EN Capital is a capital real estate capital advisory firm placing debt and equity on all types of commercial real estate, all parts of the capital stack, nationwide.