Four Things to Know Before Investing in Hotels

Four Things to Know Before Investing in Hotels

Blogs, News, Press Releases, Resources
Investors often overlook hospitality as an asset class for their investment portfolios. Why? The drivers in typical residential or commercial real estate may not always apply in hospitality. However, the hospitality industry is approaching nearly ten years of consecutive growth. From 2009 to 2017, US hotel gross bookings grew from $116 billion to $185 billion (Deloitte). The potential for robust growth, steady cash flow, and upside for appreciation make hospitality an asset class that you should consider for your investment portfolio. Before “checking in” to your new hotel investment, here are four points to consider.  1. Review demand drivers  2. Make sure the brand is the right fit  3. Evaluate the hotel’s management  4. Consider potential cash flow and tax benefits  Review demand drivers  Investors should consider the risks associated…
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Virtua Capital Management Welcomes Senior Vice President of Business Development

Virtua Capital Management Welcomes Senior Vice President of Business Development

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Scottsdale, Ariz. -- October 7, 2019 -- Virtua Capital Management (“the firm”), the capital formation arm of global private-equity real-estate investment manager Virtua Partners, is pleased to announce the hiring of Michael Roman who will serve as Senior Vice President of Business Development. Mr. Roman will head up distribution for Virtua Capital Management offerings launched in the independent broker dealer and RIA channels, two areas Virtua Capital Management sees immense room for growth in. Mr. Roman joins the firm with over twenty years of business experience, including the creation and marketing of alternative investment products, making him a perfect fit to lead Virtua’s efforts in these two channels. Michael’s background also includes roles as head of capital markets for major investment firms as well as wholesale experience. Michael maintains a…
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Virtua Capital Management Welcomes New Chief Compliance Officer

Virtua Capital Management Welcomes New Chief Compliance Officer

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Scottsdale, Ariz. -- September 24, 2019 -- Virtua Capital Management (“Virtua”), the capital formation arm of global private-equity real-estate investment manager Virtua Partners, announced today the hiring of industry veteran, Curtis R. Christensen to serve as Chief Compliance Officer. Mr. Christensen brings over 19 years of experience in the investment management industry serving various asset management, brokerage and investment companies. Most recently, Mr. Christensen served as Chief Compliance Officer at Longboard Asset Management. Prior to that, he worked at M.S. Howells & Core as both Chief Compliance Officer and Chief Financial Officer. “We are pleased to have Curtis bring his expertise in governance and compliance strategy to our team as the number of projects and assets under management continues to grow,” says Derek Uldricks, president of Virtua Capital Management. “He…
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Virtua Partners Finalizes Purchase of Courtyard by Marriott in Winston-Salem, NC; Strategic partnership with Hotel Equities promotes continued growth through new development and acquisitions

Virtua Partners Finalizes Purchase of Courtyard by Marriott in Winston-Salem, NC; Strategic partnership with Hotel Equities promotes continued growth through new development and acquisitions

Blogs, News, Press Releases, Resources
SCOTTSDALE, AZ and ATLANTA, GA - (August 22, 2019) – Virtua Partners announced the purchase of a 126-room Courtyard by Marriott under construction in Winston-Salem, North Carolina. Hotel Equities will manage the Marriott hotel in downtown Winston-Salem when it opens in Q1 2020. Hotel Equities and Virtua Partners joined forces last year to expand upon their current hospitality portfolio through new development and acquisition opportunities. Hotel Equities is providing development services for the Courtyard through the construction process and will see it through completion. Located at 640 W. 4th Street in the heart of Winston-Salem, the Courtyard will feature a rooftop bar with views of the surrounding downtown area.  As the home of Wake Forest University and numerous corporate headquarters including banking firm BB&T, Winston-Salem enjoys its status as both a…
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The Capital Gains Tax ‘Opportunity’ of a Lifetime

The Capital Gains Tax ‘Opportunity’ of a Lifetime

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A little-known provision within the Tax Cuts and Jobs Act of 2017 provides investors with a chance to earn returns on attractive investments, receive remarkable decreases to their capital gains taxes and make an impact on local communities. They are called Opportunity Zones. To better understand this exciting program, wealth managers and accredited investors should learn about the tax benefits available. Opportunity Zones were established by Congress to promote long-term economic stimulus through investments in low-income community census tracts in all 50 U.S. states, six U.S. territories and the District of Columbia. Investors are able to roll over their capital gains of any investment into a Qualified Opportunity Fund (QOF).  QOFs steer money into qualified projects to ensure investors capture the associated tax breaks while meeting other fund-specific requirements and…
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The First Opportunity Zone Fund, One Year Later – Quinn Palomino on OpportunityDb Podcast

The First Opportunity Zone Fund, One Year Later – Quinn Palomino on OpportunityDb Podcast

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It's been over one year since we first launched our first Opportunity Zone Fund. Since then we have raised roughly $100 million, nearly half of which has already been deployed. We have also celebrated the groundbreaking of multiple projects. Listen to the full podcast here In the 50 minute podcast episode, Quinn Palomino discusses how Virtua Partners has accomplished so much in one year, the need to develop a social impact metric system and much more.
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Shay Hawkins on the need to restore reporting requirements in Opportunity Zones in Morning Consult

Shay Hawkins on the need to restore reporting requirements in Opportunity Zones in Morning Consult

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Shay Hawkins is the President and CEO of the Opportunity Funds Association. He served as Senator Tim Scott's (R-SC) Tax and Economic Policy Counsel during the Tax Cuts and Jobs Act and Treasury's subsequent Opportunity Zone Regulation implementation. In this op-ed submission Shay discusses the need for a firm set of reporting standards to measure the impact of Opportunity Zone investments, with quotes from Quinn Palomino, CEO of Virtua Partners. Understanding the full scope and impact of Opportunity Zone funds will help ensure the provision fulfills the promise of revitalizing economically distressed communities across the country. Read the full story here
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Information that is provided by Virtua Partners is for informational purposes only and should not be considered as investment advice or a recommendation to invest in any particular security, strategy, or investment product. Please consult with a qualified professional for this type of advice.  Whenever a Virtua Partners’ social media account follows another user, shares third-party content, or provides links to third-party content, this information is intended to provide additional perspective and should not be construed as an endorsement of services, products, points of view or solicitation to adopt any investment strategy.  Opinions and comments expressed by third-parties on Virtua Partners’ social media pages are the opinions of those persons submitting them and do not represent the views of Virtua Partners or its management. Virtua Partners may block any posts…
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