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Pilarrosa Capital seeks to acquire equity interests in value-add hospitality projects meeting the following criteria:
Pilarrosa Capital seeks to acquire equity interests in value-add hospitality projects meeting the following criteria:
Total Project Cost:
Total Project Cost:
$3-5M
Location:
Location:
Greater San Juan metro
Coastal tourism regions
Asset Class:
Asset Class:
Act 60-qualifying hospitality
Asset Condition:
Asset Condition:
Vacant As-of-Right
Within this asset class, we underwrite opportunities for acquisition that meet the following projected minimum performance targets:
Within this asset class, we underwrite opportunities for acquisition that meet the following projected minimum performance targets:
Length of Investment:
Length of Investment:
2-5 years
IRR:
IRR:
20% minimum upon stabilization
Equity Multiple on Exit:
Equity Multiple on Exit:
2.5-3.0x
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