Real Estate Investors Can Earn 18% in Reno-Lake Tahoe with CrowdStreet’s Latest Hotel Deal
The real estate investment platform crowd street has a new offer in Reno-Lake Tahoe. Aloft Reno-Taho International is a 164-room Marriot hotel that will serve the Reno-Lake Tahoe area. The Aloft is conveniently located within walking distance of the Reno-Lake Tahoe Airport.
“Aloft” by Marriot is a designation given to 205 of its hotels around the world, which cater to luxury-conscious travelers and feature modern amenities, such as luxury bathrooms and nine-foot ceilings. Aloft Reno-Tahoe was recently named “Hotel of the Year” by Marriot’s Aloft. This prestigious award was presented to Aloft Reno-Tahoe for its innovative design, brand management and unique architectural design.
The Aloft was built in 2020 and offers travelers easy access to dozens of ski resorts, top-notch casinos, and the San Francisco Bay Area (which is only 35-40 flight minutes). The Aloft’s recent construction date also means it’s still incredibly modern. Additionally, the Aloft has maintained a high occupancy rate of nearly 90% during the pandemic, which means there should be strong potential for increased revenue as people start to travel again.
The sponsor of the project, JMA Ventures, LLC, is seeking to raise $13,427,089 in equity. The Aloft is also the newest hotel in the Reno area, which means investors get a low-maintenance asset and the brand recognition that comes with its Marriot affiliation. The Aloft is located on land owned by the Reno-Tahoe Airport Authority and has a tenant-friendly lease that requires no property tax payments for the next 50 years.
- Minimum investment: $25,000
- Expected holding period: 5 years
- Projected internal rate of return (IRR): 18.8%
- Projected average annual return: 15.5%
- Projected equity multiple: 1.9x
Interested investors must submit offers by July 18, 2022. Offers must be fully funded by July 20, 2022. Distributions are expected to begin in the third quarter of 2022.
View offer details on CrowdStreet
About the project sponsor
JMA Ventures is a San Francisco-based real estate investment and management firm focused on luxury travel accommodations and high-end “leisure lifestyle” assets. They currently act as managing partner for over $2 billion in hotel, residential and retail assets in the western United States. The Aloft will be managed by Aimbridgewhich is the largest hotel management company in the world with over 1500 hotel properties under management worldwide.
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