Hospitality Finance

We underwrite hotel assets on RevPAR index, GOP flow-through, and debt service coverage, with models refreshed as operating data moves. Acquisition cases, repositioning budgets, and covenant tests sit in one framework, and variance is flagged before the quarterly pack.

We model branded residence developments from land to handover: absorption curves, brand-fee load, and construction draws reconciled against the pro forma. Pre-sale velocity and cost-to-complete are tracked continuously, so sponsors and lenders see margin erosion at each funding milestone.

We diagnose restaurant portfolios at the unit level: four-wall EBITDA, same-store sales, and lease-adjusted leverage. Underperformers are isolated by cohort, normalized for QoE, and ranked for remediation or exit, giving buyers and lenders a clean read on platform value.