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Assignments


Provided below is a small representation of our past advisory assignments.  We welcome the opportunity to discuss more of our past assignments with you to further demonstrate our experience and capabilities to assist with a wide range of client situations.


Peninsula Papagayo Resort, Guanacaste, Costa Rica

REH in collaboration with the Algon Group acted as advisors to the owner of the Peninsula Papagayo Resort and the Four Seasons Papagayo Hotel in Guanacaste, Costa Rica. Subsequent to the successful completion of an operational and debt restructuring, the Advisors managed a worldwide structured M&A process targeting strategic investors and real estate funds, leading to a recapitalization of the Resort. The transaction closed in August 2016.

The Resort is world renowned as one of the most luxurious and highly regarded destination resorts in the Central American/Caribbean Region and consists of a Forbes Travel Guide Five-Star Four Seasons Resort Hotel with 182 rooms, suites and residences; an 18 hole Arnold Palmer Signature Golf Course with clubhouse and tennis center; a 180-slip marina with 40 rental apartments; a major beach club facility with restaurants, pool, spa and health club; 7 resort development pads, 127 residential lots plus substantial acreage approved for future development.

Hotel performance and real estate sales were initially robust, but suffered during the mid-2000’s downturn. The Advisors led an operational restructuring which resulted in an increase of over $100 million of equity value and restructured approximately $100 million of senior debt.



One Bal Harbour, Bal Harbour, FL.

REH served as Miami-Dade County Court appointed Expert to resolve a major dispute concerning operations and shared facilities cost allocations pertaining to declared interests of hotel condominium, residential condominium and commercial hotel interests within the newly developed One Bal Harbour Resort in Bal Harbour (Miami Beach), Florida. 



Stein Eriksen Residences

REH served as advisor to Regent Properties, the developer of the new Stein Eriksen  Residences under development in Deer Valley, Utah.  In conection with this assignment, REH assisted in structuring and negotiation of various  governing documents, brand affiliation and marketing agreements, and management agreements, as well as assisted in many other aspects of the venture.  This project is in affiliation with the world famous Stein Eriksen Lodge also located in Deer Valley, Utah



Modern Honolulu Hotel (Former Edition Hotel), Waikiki, Honolulu, Hawaii.

REH served as advisor and testifying expert in Chapter 11 bankruptcy and litigation proceedings on behalf of the Debtor in a highly publicized hotel bankruptcy on Waikiki Beach on the Island of Oahu in Hawaii. In connection with this assignment, a major litigation settlement was reached that was crucial to the ratification of the plan of reorganization.



Bluegreen Corporation

REH, in partnership with Algon Group and Label & Co., served as financial advisors to Bluegreen Corporation (NYSE BXG), a major timeshare resort and residential community developer, in a strategic evaluation and disposition of Bluegreen Communities Division.  This entailed a strategic review of projects, operations, and transactional options leading to our arrangement of a successful strategic disposition of the Communities Division to a U.S. based community developer who was backed by a private equity investor.



Keauhou Resort – Kona, “Big Island” Hawaii

REH served as business advisors and transaction consultants to Bishop Holdings Corporation of Hawaii for the solicitation and negotiation of a master developer agreement for the remaining 1,700 acres of undeveloped resort real estate land holdings within the Keauhou Resort on the Kona Coast of the Big Island of Hawaii.   



455-Room Five Star Resort Hotel, Wulingyuan World Heritage Site, Zhangjiajie, Hunan Province, Peoples Republic of China

REH advised on brand, management and operational performance, and arranged offshore re-capitalization funding for the first ever five star hotel in the Zhangjiajie mountain resort destination, in the Hunan Province of Mainland China.



Royal Hawaiian Hotel and Sheraton Waikiki Land Leases, Honolulu, Hawaii

REH served as advisor to Kamehameha Schools in Hawaii on the renegotiation and restructuring of several long-term ground leases encumbering the Royal Hawaiian Hotel and the Sheraton Waikiki Hotel in Honolulu, Hawaii.

In connection with these transactions, the Royal Hawaiian completed a $70 million renovation and conversion to the Starwood Luxury Collection, while the Sheraton Waikiki completed a major upgrade of guestrooms, facilities and amenities.



Sheraton Yankee Clipper & Sheraton Yankee Trader, Fort Lauderdale, FL

In what was one of Fort Lauderdale's largest ever hospitality transactions, REH Capital Partners served as advisors to the Gill family of Fort Lauderdale in arranging and facilitating a transaction with Starwood Capital for the JV sale, recapitalization, and repositioning of the famous Sheraton Yankee Clipper and Sheraton Yankee Trader beachfront hotels in Fort Lauderdale, Florida, totaling some 950 hotel rooms.

Included in the deal were the Nina Lee and Imperial apartment hotels located adjacent to the Yankee Clipper and two parking garages. Plans are to reposition and redevelop these properties.



Five Star Hotel and Office Tower, Chengdu, Sichuan Province, Peoples Republic of China

REH advised on design, market, brand affiliation, management and financial performance; and sourced venture funding for this high profile mixed use hotel and office project in Chengdu, Mainland China.



Lake Cecile Resort – Disney Main Gate, Orlando Florida

REH, through an investment consortium, acquired, renovated and later sold the 144 unit Lake Cecile Suites and Resort located in Orlando, Florida in the heart of the Central Florida tourism corridor.  REH acquired the resort at a deep discount from a troubled lender following a bankruptcy and foreclosure proceeding, renovated and re-branded the resort and implemented a turn-around strategy, and then sold the resort three years later for over double the purchase price of the property.

The 10-acre resort consisted of one and two bedroom suites, all with full kitchens and most with log burning fireplaces, situated in a scenic setting along the shores of Lake Cecile. 



Office and Retail Portfolio, Broward and Palm Beach County, FL

Acting on behalf of a prominent California based family trust, REH acquired a small portfolio of shopping centers and office buildings totaling approximately 500,000 square feet from a German investment group.   The total amount of the transaction was approximately $54,000,000. UBS Real Estate Investments of New York provided non-recourse financing for the transaction. REH sourced the transaction and funding.