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Extended Stay America Alaska 4-Hotel Portfolio

700 E 34th Ave, Anchorage, AK 99503, United States

Extended Stay America Alaska 4-Hotel Portfolio

HREC Investment Advisors (HREC) is pleased to introduce the opportunity to acquire four, separately or together, extended-stay hotels located in Alaska’s three largest cities. • Extended Stay America – Anchorage – Midtown • Extended Stay America – Anchorage – Downtown • Extended Stay America – Fairbanks – Old Airport Way • Extended Stay America –Juneau – Shell Simmons Drive

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Employment

  • HREC Investment Advisors – January 2023 to present – Senior Vice President – Brokerage and investment banking company providing services exclusively to the hospitality industry. Our experience in resolving complex issues related to hotel sales, debt and equity placements and ownership issues have allowed us to develop a reputation as a skilled advisor and successful transaction specialist – Denver, CO
  • Stonebridge Companies – December 2020 to January 2023 – Vice President – Real Estate & Asset Management – Denver, CO
  • Stonebridge Companies – July 2015 to December 2020 – Vice President – Business Development – Denver, CO
  • Highgate Hotels – June 2012 to June 2015 – Vice President – Acquisitions & Development – Irving, TX
  • HREC – Hospitality Real Estate Counselors – June 2001 to May 2012 – Senior Vice President – Denver, CO
  • Venetian Resort Casino – 1999 to 2001 – Hotel Manager – Las Vegas, NV

Education

University of Nevada – Las Vegas (1994 – 1999)

Property Type
Hotel & Hospitality
Deal Type
Acquisition
Risk Profile
CoreCore PlusOpportunistic

· Extended Stay America – Anchorage – Midtown

o 138 rooms opened in 2004

o ~48% NOI flow through

· Extended Stay America – Anchorage – Downtown

o 89 rooms opened in 2003

o ~37% NOI flow through

· Extended Stay America – Fairbanks – Old Airport Way

o 97 rooms opened in 2001

o ~31% NOI flow through

· Extended Stay America –Juneau – Shell Simmons Drive

o 95 rooms opened in 2000

o ~46% NOI flow through

 

The Extended Stay America Four-Hotel Portfolio are all cash flowing Properties with the possibility to retain the flag that is well recognized in the market and has led to high existing performance historically.

 

Anchorage is Alaska’s largest city, and the port is the source of 95% of goods entering the state. In addition to a strong tourism sector, the city benefits from a strong presence from ConocoPhillips and Price Gregory, the state’s largest hospital, and the University of Alaska Anchorage.

 

Fairbanks is home to Fort Wainwright, a vital military base for the U.S. Army, as well as the 152-bed Fairbanks Memorial Hospital, and University of Alaska Fairbanks campus with +7,400 students. Additionally, the city is one of the best places in the world to view the northern lights.

 

Juneau, Alaska’s capital, is one of the most popular cruise ports in the state seeing 900,000 cruise ship passengers and an additional 100,000 independent travelers in a year. Surrounding Juneau are five mountains, spectacular glaciers, stunning waterfalls, pristine rainforests, and a vast array of wildlife.