oil region

September 30, 2016 Comments Off on Real Capital Solutions Targeting Oil-Region Hotels Views: 466 Colorado, Houston-Galveston, Louisiana, National News, Southeast, Southwest, Texas - Other, Texas News

Real Capital Solutions Targeting Oil-Region Hotels

Real Capital Solutions, headquartered in Louisville, CO, plans to spend a $200 million investment fund on hotels. Not just any hotels, however. The plan is to find, and buy, hotels in the Permian Basin of West Texas, as well as those in other oil-driven regions such as Houston, Oklahoma City, Tulsa, OK and Lafayette, LA.

Marcel Arsenault, Real Capital’s Founder, Chairman and CEO, said he is investing in these regional properties now, while oil prices are low, as property values have fallen. He believes that oil prices will come back within the next couple of years, meaning more demand for hotel rooms in the region.

The would-be investor is partnering with Dallas-based Prism Hotels and Resorts to find the best deals. Prism will manage all the hotels RCS purchases, which could be between 15 and 20 properties.

Read More at Denver Business Journal

Connect with Real Capital Solutions

Connect with Prism Hotels

For comments, questions or concerns, please contact Amy Sorter

Tags: ,

Comments are closed.