CATEGORIES | Debt | Equity | Financial Advisory | Investments | Multifamily | Student Housing
FIDES Capital Partners, LLC ("FIDES") announces that it has acted as the financial advisor on the acquisition of a full-service, luxury resort in north suburban Chicago. FIDES advised the acquirer on both the equity and debt financing. Gregg Feldkamp of FIDES said, "This was a unique asset with many complexities, including a ground lease, and we needed the right capital partners that would appreciate the sponsor’s strategy. In addition to nearly 400 rooms and suites, the resort had several F&B outlets, significant conference space, a golf course, a live-performance theatre and a tennis club. The sponsor’s value-add strategy encompassed the conversion from a brand-managed to a franchise hotel, as well as a significant capital renovation that is expected to transform the resort. We did a broad and in-depth canvass of the market in order to select the right capital sources for our client’s needs."