Case Studies – Long Island Marriott
Investment Overview
Total Cost
$25.3m
Debt
$24.5m
Equity
$0.79m
Equity IRR
29%
Equity Multiple
193.77
Keys
620
Cost per Key
$40,800
Investment Date
1985
Exit Date
2009
Hold Period (Months)
288
•
Developed a 620 room full-service Marriott Hotel with approximately 40,000 SF
of function space
•
Purchased existing debt on the property at a discount
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