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Northview Hotel Group Closes Third Investment Vehicle

NV Acquisitions III Will Focus on Value-Add Opportunities
February 21, 2018
Jekyll Island Club Hotel. Credit: Northview Hotel Group

Northview Hotel Group successfully closed fundraising for NV Acquisitions III, its third investment vehicle. The fund will be used to acquire underperforming hotels and resorts in the U.S. and certain international markets through direct investments and co-investments alongside private equity partners.

Northview targets value-add opportunities in the hotel and resort real estate sectors. Northview unlocks value through strategic renovations, management overhauls, and other investment "intangibles" (re-flagging/de-flagging, lease buy-outs, land entitlements, etc.).

Since forming in 2006, Northview said it has acquired over $1 billion of lodging and resort real estate assets.

"Although it's increasingly difficult to identify investments with attractive risk-adjusted returns, our fully-integrated operating platform allows us the ability to identify and unlock value where others cannot. We are closely monitoring all lodging markets with a specific focus on complex resorts and urban assets in Top 50 U.S. markets," said Northview partner, Matt Trevenen.

Northview has been out of the acquisition market for a while. Its most recent deal was in August 2016, when it acquired a majority equity interest in the Jekyll Island Club Hotel, set on the banks of coastal Georgia. Northview partnered with Leon N. Weiner & Associates, the owner of the Jekyll Island property for 30 years.

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