106 Jefferson, a Curio by Hilton
Huntsville, Alabama. USA
Advising clients and partners on investments and acquisitions is fundamental to Valor’s value-add proposition. Coupled with our laser focused operations expertise, Valor’s longstanding capital markets experience and successful investment track record uniquely position Valor to drive value.
Valor’s investment activities are spearheaded by Steve Cesinger, Global Co-Founder and Chief Investment Officer, and Brandon Hatfield, Global Chief Financial Officer and Principal. Their combined experience spans over 60 years, including over $5 billion USD of transactions, and has been instrumental in Valor completing over $2 Billion USD of hotel acquisitions and financings both as principal and/or operating partner since Valor’s formation.
Valor’s distinct combination of deep operational knowledge and transactional experience spans due diligence, underwriting, financing and valuation advisory. Consequently, Valor delivers keen insight to assess both property level capital requirements and operating challenges. Our operational expertise provides a particular advantage when evaluating hotel projects, from ground-up hotel developments to acquisitions and renovations.
We assist our clients in every step of the transaction process. Over the years, Valor has developed an extensive network of contacts to source potential investments and acquisitions both on and off market. Our team identifies the best potential opportunities for our clients and partners by rigorously evaluating the potential to add value. We select only those projects which meet our partners’ strategic investment and return objectives. Because we underwrite with the goal of Valor acting as investor and/or operating partner, our diligence efforts are fully aligned with our partners, providing extra confidence that assumptions are realistic and achievable. We not only make sure operating challenges and capital needs are fully fleshed out before making an investment recommendation, but we also support existing ownership by developing and implementing restructing and/or refinancing strategies. Our underwriting incorporates extensive market research, location analysis and a detailed review of cost assumptions underlying property improvement plans (PIP’s).
Garonga Safari Camp, Phalaborwa, South Africa
Since our formation, Valor has been a key advisor in evaluating both asset level and portfolio level investment objectives. We prioritise those situations with significant value-add where we can bring the full capabilities of our operations team to bear. Consequently, we have built a stellar reputation with investors as their full-service operational partner.
We look for:
Crowne Plaza Solihull, United Kingdom
Our operations team’s extensive turnaround experience makes Valor particularly well suited to assist our partners to successfully execute investments in distressed hotels.
Delta Hotels by Marriott
Basking Ridge, New Jersey, USA
With an extensive global network of debt and equity providers, we have the capability to pursue individual assets and portfolios. We are constantly speaking with leading local, regional, national and global institutions, including banks, insurance companies and CMBS lenders. Consequently, we have a great understanding of the type and amount of leverage appropriate for a given property/transaction, whether for construction, acquisition, or permanent financing.
We have deep relationships with leading private equity firms, institutional investors, family offices and sovereign wealth funds with experience across the globe. We have been fortunate enough to work with established firms such as, Marathon Asset Management, PIMCO, and DTGO.
We also enjoy a strong strategic relationship with the Kemmons Wilson Family, who founded Holiday Inn Hotels in 1952. The Wilson Family is an investor in Valor and we have helped them complete a number of successful investments to date in hotels like The Harpeth in Franklin, TN, USA, and The Kimpton Banneker in Washington, D.C., USA to name a few.
Somerset Hills Hotel, a Tapestry Collection by Hilton
Warren, New Jersey, USA
Over the past decade, Valor’s acquisition underwriting capabilities have enabled our partners to successfully invest in transactions representing well over $2 billion USD in aggregate value.
Our methodology in underwriting and due diligence activities underpins our detailed Pro Forma Financial Analysis, which enables investors to assess:
We develop revenue enhancement strategies and business mix optimisation. We also assess options to improve efficiency and reduce expenses, based on our evaluation of cost structures, purchasing programmes and potential labour redundancies. Our financial analysis also includes valuation analysis and evaluating entry/exit cap rates based on relevant market data. We also assess the all-in price per room versus replacement cost.
Our underwriting analysis includes assessments of:
We develop post-acquisition transition plans, including hand-off requirements and timing. We also offer comprehensive lender due diligence services, which have proven instrumental in securing attractive deal financing with the best rates and terms.
DoubleTree by Hilton Hotel & Spa Chester, United Kingdom
Silvan Safari | South Africa
Have a project requiring capital and underwriting? We can help.