WASHINGTON—CapStar Advisors (CapStar) introduced the completion of two transactions. The agency lately acted as a consultant of Springboard Hospitality in its merger with Resort Equities and accomplished a strategic development plan for Brightwild, a branded trip rental firm based mostly in Key West, Florida.
“Over the previous 5 to 10 years, there was extra deal with M&A because it has turn into more and more necessary for hospitality platforms to attain scale,” mentioned David McCaslin, CapStar Advisors companion. “CapStar represents companies seeking to promote, merge or recapitalize, usually instances the place the principals are approaching retirement or determine to deal with different profession alternatives. We work with homeowners and operators to search out options that permit all events to succeed in their true potential. We actively market and finalize the sale of small-to-medium measurement firms, sourcing and negotiating merger and acquisition alternatives, introducing capital companions, reviewing multi-property and particular person asset gross sales and purchases, deep value-add renovations, and company restructurings.”
Springboard Hospitality/Resort Equities Merger
Springfield Hospitality, a lodge administration agency specializing in impartial inns, merged its 50-hotel portfolio with Resort Equities, a hospitality operator and developer beforehand managing a portfolio of roughly 200 inns, resorts, and outside hospitality locations all through the US, Canada, the Caribbean, and Latin America. The transaction gives Resort Equities entry into the Hawaii market and takes benefit of the platform created by Springboard’s chief government officer, Ben Rafter. Rafter will proceed as CEO of the newly expanded Resort Equities.
“CapStar labored diligently with us to grasp the Springboard tradition and assist discover the suitable match,” Rafter mentioned. “Paul and David labored hand-in-hand with our workforce to craft a deal that labored for all events concerned.”
Brightwild Strategic Plan
CapStar was retained by Brightwild, a branded trip rental firm based mostly in Key West, Florida, to help with a development technique for the corporate to maximise its operational capabilities to satisfy its development targets. CapStar labored with the corporate to establish new development markets and segments.
“CapStar’s operational experience speaks for itself, from the founding of the unique CapStar in 1986 by its development into Interstate Resorts & Resorts, invaluable information they put to make use of serving to us form our personal development plans transferring ahead,” mentioned Mike Phillips, Chief Government Officer of Loci Capital.
