Available to Registered Users
ASAP International Hotel LLC, a repeat sponsor, is offering investors the opportunity to participate in their 4th offering on RealCrowd. For this $23m acquisition, ASAP International is seeking a portion of the $9m equity raise for the acquisition and slight renovation of the full-service, 292-room Hilton Houston Galleria ("Property"). The Property is located at 6780 Southwest Freeway, Houston, Texas 77074.
The Hotel is located less than 2 miles from the prestigious Galleria Shopping & Business District and just 10 miles from downtown Houston, providing a centralized location – perfect for exploring the city or visiting a local business. Additionally, the hotel is situated less than 3 miles from Chinatown, allowing new ownership to add additional revenues by marketing directly to the Chinese American market.
In addition to its proximity to the Galleria Shopping & Business District, the Hotel is about 20 miles from the Bush Intercontinental Airport and about 10 miles from Houston Hobby airport, allowing the opportunity to bid for stable airline business.
Converting the Hotel from a Hilton to a Doubletree allows the Company to achieve significant expense savings, such as no Food & Beverage royalty fees, elimination of Hilton Honors Lounge, all while remaining competitive in the Houston submarket.
Available to Accredited Investors:
The Galleria submarket is not only Houston’s second largest business district, but the largest and most prestigious submarket in Houston, with over 23.5 million square feet of office space, 5 million square feet of retail space and a daytime population of over 1.1 million people.
Available to Accredited Investors:
Below are some of the most frequently asked questions about this offering.
The first projected distribution is scheduled for November 2017.
Distributions are scheduled to go out on a quarterly basis.
Yes, non-US residents are welcome to apply.
RealCrowd is free for investors. RealCrowd charges a technology access fee to the operating partner for our services. We do not charge investors any upfront fees, ongoing asset management fees or promote/carried interest in the investments.
RealCrowd offerings are open to US-based accredited investors. RealCrowd does not recommend or advise on any offering on our platform. While we have minimum history and experience threshold for sponsors who post on our platform, if you are unable to perform your own due diligence, please consult with an attorney or financial advisor prior to making an investment.
RealCrowd is a marketplace that connects investors with qualified sponsors. We strive for transparency and impartiality. For this reason, we do not participate in any offerings on our site.
Send ASAP International Hotel, LLC and/or RealCrowd a message. If you have a question about this offering ask ASAP International Hotel, LLC. If you have a question about the transaction process or other general inquiry, RealCrowd will be happy to help.
In the meantime, you can create an account to view detailed information about Hilton Houston Galleria.
In the meantime, please review the offering documents and financials.
Before you can invest or see confidential offering information, you must be an accredited investor as defined by the SEC. Are you an accredited investor?
By clicking "Yes", you certify to us that you are accredited and you acknowledge that RealCrowd or the third parties offering securities through this site will verify your Accredited Investor status upon making an investment.
Thank you for your interest in this commercial real estate investment offering. Unfortunately, SEC regulations prevent us from allowing you to invest at this time.Go Back
Remember that RealCrowd or the third parties offering securities through this site will verify your Accredited Investor status upon making an investment.
In a few seconds this page will reload with detailed investment information!Refresh Now
RealCrowd is excited to announce a new classification system for sponsors that utilize our platform. Historically we have included all qualified sponsors in one class based on meeting our minimum thresholds of experience, both in time as a principal in the real estate business as well as portfolio and transaction value.
The new classification system of sponsor qualifications aims to further increase the amount of opportunities investors will have access to and provide more information as to the qualifications of the sponsorship.
Access passive income deals and become a better investor with our free eight day educational email series.Plus our free eBook "Commercial Real Estate 101"
Access passive income deals and become a better investor today with our free eight day educational email series.Plus our free eBook "Commercial Real Estate 101"
RealCrowd is not a broker-dealer and does not solicit investors, engage in any negotiations regarding potential investments, or participate in the sale or purchase of any securities or otherwise effect transactions in securities. Any sale or purchase of securities is in the sole discretion of, and is conducted directly between, the issuer and the prospective investor. All information regarding potential investment opportunities is prepared solely by the issuer, and such issuer is solely responsible for the accuracy of all such statements. RealCrowd has not independently verified any such information.
Access passive income deals and become a better investor today with our free eight day educational email series.Free e-book "Commercial Real Estate 101" for signing up.