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Sample Investment: Equinox Resort & Spa
Acquisition of Destination Resorts
HEI is actively pursuing the acquisition of destination resorts, with a particular focus on drive-to resort destinations within close proximity of major metro centers. We had identified the Equinox as a property which fit squarely within our resort investment strategy, and as a result, moved quickly and aggressively to acquire the property once it became available for purchase.
Our control over discretionary capital and ability to efficiently assess complicated assets proved successful in providing the seller with the transaction speed and price certainty it was seeking. We advanced our due diligence, including a complete Property Condition Evaluation of structures which date to 1769 and a competitive set spread over a 300 mile diameter, simultaneous with negotiating the Purchase and Sale Agreement.
The 179-room Equinox is an irreplaceable resort with a wealth of amenities including a Walter-Travis designed golf course, destination spa, Land Rover Off-Road Driving School, Orvis fly-fishing programs and the British School of Falconry, all within a 4 hour drive of a population base exceeding 30 million. We acquired the property in March 2007 and have commenced a comprehensive renovation and expansion program to position the Equinox as the leading destination resort in the Northeast.
 
Marriott Boca Raton Westin Minneapolis
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