Select-service assets in the Caribbean hospitality market are showing strong growth trends and an increased level of institutionalized involvement, which allow for greater return than mainland U.S. markets.
NEW YORK (PRWEB) June 26, 2019
ERES Capital LLC, the full-service investment and development division of Energy Real Estate Solutions LLC (ERES), has announced the launch of a Caribbean Investment Platform which focuses on the development and repositioning of select-service, focused-branded hospitality assets.
The new platform will target a diversified portfolio of select-service hotels in high barrier to entry and affluent markets that have an underrepresentation of U.S. brands, the ability to quickly absorb new product, and the likelihood of generating high average rates.
“We’ve identified a gap in an underserved sector and are excited to participate in this opportunity,” says ERES Capital CEO Mike Elliott. “Select-service assets in the Caribbean hospitality market are showing strong growth trends and an increased level of institutionalized involvement, which allow for greater return than mainland U.S. markets. Though the Caribbean is notoriously fragmented and difficult to navigate, ERES Capital is in a strong position due to our institutionally seasoned team who are entrenched across these opportunistic markets, and who have the relationships to execute on this investment strategy.”
With over 120 years’ combined experience doing business in the Caribbean and tertiary markets, ERES Capital team members possess the unique skill set, strong network, and proven track record necessary to successfully identify, acquire, develop and invest in opportunistic markets.
For more information on the ERES Capital Caribbean Investment Platform, contact Mike Elliott at (701) 713-6606 or mike(dot)elliott(at)erescompanies(dot)com.
About ERES Capital
ERES Capital, the investment and development division of Energy Real Estate Solutions (ERES), is a full-service investment platform catering to both domestic and international markets. Located in New York City, the group has a strong focus on opportunistic secondary and tertiary markets and typically seeks unique, off-market opportunities across hospitality, healthcare, industrial and education verticals that can earn above average returns for investors. For more information, visit http://www.EREScapital.com.
Energy Real Estate Solutions (ERES) is a full-service commercial real estate firm focused on helping energy companies and investors maximize their real estate portfolios. ERES provides brokerage, investment, development, project management, property and asset management, workforce housing, and consulting services in and around the world's most active energy and opportunistic markets. The firm currently operates out of seven offices located in Denver, CO (Headquarters), Fort Worth, TX, Houston, TX, Midland, TX, New York, NY, Williston, ND, and Neuquén, Argentina. For more information, visit http://www.energyreco.com.