Looking to seize on the general recovery of the hospitality industry from pandemic-fueled setbacks, Broadshore Capital Partners has formed a $150 million hospitality investment program in partnership with a global alternative investment manager.
"[The situation] presents significant opportunities for our new hospitality investment program," Brad Howe, CEO, Broadshore, said in prepared remarks. "[We are positioned] to capitalize on what we view as a sizable market opening."
Broadshore will invest debt and equity through originating new high-yield financings, acquiring loans and making direct equity investments. The venture is targeting loan originations, performing and non-performing loan purchases and hotel acquisitions in the range of $10 million to $75 million."
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