Novo Lodging Partners Experience

Novo Lodging Partners’ principals have collectively completed $9 billion in hotel and resort transactions. Below are selected representative investments.

Select-Service

Acquired asset in high growth market, completed a comprehensive renovation and renegotiated the management agreement to manufacture above-market cap rate and high yield

Courtyard Nashville Downtown

Nashville, TN

Off-market acquisition of recently opened dual-branded property in high growth market, resulting in high cash flow and yield

Hampton Inn/Homewood Suites Denver Downtown

Denver, CO

Completed a comprehensive renovation and management change, resulting in strong cash flow

Hampton Inn Boston/Braintree

Braintree, MA

Full-Service

Completed a significant renovation and space reprogramming and engaged new management company, driving significant NOI growth

Westin Atlanta Perimeter North

Atlanta, GA

Institutional asset in high-barrier-to-entry California coastal market and completed a value-add renovation

Marriott San Diego

La Jolla

La Jolla, CA

Purchased in the early stages of Portland's rapid growth and executed on a full-scale, value-add renovation of both towers

Hilton Portland & Executive Tower

Portland, OR

High quality asset in growth market and completed a comprehensive renovation, resulting in high yield

Marriott at

Boca Center

Boca Raton, FL

Purchased a well located, cash-flowing asset in the high growth Silicon Valley market

San Jose

Marriott

San Jose, CA

Executed on a full renovation of the asset and implemented several ROI/asset management initiatives which resulted in significant revenue growth

Sofitel San Francisco

Bay

Redwood City, CA

Major repositioning including a significant renovation and brand change

Hyatt French Quarter New Orleans

New Orleans, LA

Acquired during the upswing of San Francisco/Silicon Valley growth, converted to a franchised operation, and executed a full renovation

Westin San Francisco

Airport

Millbrae, CA

Acquired a strong cash-flowing asset during the recovery phase of the Detroit automotive industry and executed on a full-scale renovation.

Sheraton Detroit

Novi

Novi, MI

Resort

Acquired asset in high growth market, completed a comprehensive renovation and renegotiated the management agreement to manufacture above-market cap rate and high yield.

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Acquired oceanfront, drive-to-resort in the Outer Banks, North Carolina and drove significant NOI growth with the addition of 24 guestrooms and a comprehensive renovation

Sanderling

Resort

Duck, NC

Acquired asset in high growth market, completed a comprehensive renovation and renegotiated the management agreement to manufacture above-market cap rate and high yield.

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Acquired oceanfront, drive-to-resort in the Florida Keys, one of the most attractive markets in the U.S., and completed a renovation and management change

Hawks Cay

Resort

Duck Key, FL

Acquired asset in high growth market, completed a comprehensive renovation and renegotiated the management agreement to manufacture above-market cap rate and high yield.

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Acquired oceanfront drive-to-resort in high-barrier-to-entry California market and repositioned asset with significant renovation and conversion from independent to luxury brand

Ritz-Carlton Bacara, Santa Barbara

Santa Barbara, CA