September 30, 2016
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.
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