MIAMI (PRWEB) December 09, 2015
EarlyShares, the leading real estate crowdfunding platform that gives accredited investors direct access to commercial real estate opportunities, has launched a new equity investment offering for conversion of the Quincy Hotel in Washington, D.C., into Red Lion Hotel’s new upscale boutique brand – Hotel RL.
The Hotel will benefit from the strong sponsorship of Red Lion Hotels Corporation and Shelbourne Falcon Investors. Red Lion Hotels Corporation is a company primarily engaged in the franchising, ownership and operation of midscale and upscale hotels with more than 120 properties across 26 states. Hotel RL is Red Lion Hotels Corporation's upscale brand and fastest growing. Shelbourne Falcon Investors, a real estate private equity venture focused on opportunistic investments in commercial real estate, has programmatically partnered with Red Lion Hotels Corporation to expand the brand throughout the United States. Today Shelbourne Falcon owns 18 hotels in markets across the United States.
The Joint Venture acquired the property at the end of October 2015. It is situated in the heart of downtown Washington, DC, one block off the K Street corridor and a short walk to the White House, the immediate area known as the Golden Triangle, a premier and unparalleled business location just steps away from the White House and National Mall. The building was originally constructed in 1965 and includes 99 spacious guest rooms, lobby, lower-level meeting space and business center, underground parking garage, and two independently operated leased restaurants.
Accredited investors who are interested in learning more should click here and request access to the deal.
“By tapping into the millennial mindset, Hotel RL offers a fresh approach to hospitality that will resonate with the most influential market set since the baby boomers,” said Heather Schwarz-Lopes, co-founder and CSO of EarlyShares. “We’re thrilled to be helping the sponsor meet their fundraising goals, while enabling accredited investors to capitalize on this unique opportunity to invest in an excited new brand located in one of the fastest growing metropolitan areas of the country.”
To browse all current investment opportunities on the EarlyShares platform, click here.
Under current SEC regulations, only accredited investors who are registered users of EarlyShares are able to invest in the Hotel RL – Washington, D.C. offering and other opportunities on EarlyShares. Interested investors can sign up here and fill out an accreditation questionnaire to determine if they are eligible to invest.
EarlyShares is the trusted real estate crowdfunding platform that gives accredited investors direct access to vetted, return driven investments in commercial real estate. Under new securities regulations, EarlyShares streamlines the processes of real estate investing and capital raising to make them more accessible, transparent, and data-driven. Thousands of investors are seeking to invest nearly $300 million on EarlyShares in the next 12 months. For more information or to join the ‘Future of Investing,’ visit EarlyShares.com.