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Looking for Equity Investor up to $150,000 for Hotel Rebrand and Flip
Posted by: Tony Jakacki on 9/18/2016 1:56:58 PM
Funding Needed:
$100k - $250k
Category:
Hospitality & Tourism
Location :
Rockford, USA
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Description:
We are acquiring a distressed 84 room hotel built in 1987. We are looking for investor to assist with cash for improvements to bring Mid Level Flag and re-launch hotel in the city of Rockford, IL. Currently operating as an independent hotel with mainly walk in business only. The property will require complete gut of interior, refinish walls, ceilings, install all new FF&E, Carpet and reconfiguration of lobby area. The city has some matching funds that may be available for remodel and exterior fascade improvements. My partner and I have just completed a similar flip of 40 room hotel that was built in 1970. We are expecting to operate and manage the hotel once re-branding is complete.
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