Northview Hotel Group and Carey Watermark to Launch Next Phase of Sanderling Resort Renovations

HeroShotlowres

Sanderling Resort, the Outer Banks’ only full-service resort and spa, announces a new phase of property improvements to the quintessential Coastal Carolina destination. Sanderling Resort re-emerged in 2013 following the initial multimillion-dollar redesign that brought new pools, rooms and guest amenities to the Outer Banks landmark. The new renovations continue the transformation with the addition of 24 new guest rooms in time for the 2015 summer season.

Northview Hotel Group acquired Sanderling Resort in 2012, and has bolstered the long-standing management team by installing new systems and tools to transform the property from a seaside inn to a world class destination resort. Since its reopening following a multimillion dollar renovation in 2013, Sanderling Resort has received a number of accolades for its luxury amenities and unpretentious atmosphere, including the AAA Four-Diamond and a Forbes Four-Star rating.

“Through our new relationship with Carey Watermark, we are excited to build on the work we’ve put into Sanderling Resort’s evolution over the past three years,” said Simon Hallgarten, Partner, Northview Hotel Group. “In partnership with the on-property team, we will continue to manage Sanderling, taking the property to an even higher level of excellence.”

During the 2015 winter season, Northview Hotel Group’s Design & Construction Group will oversee work on the North Inn and Beach House buildings of the property. In the North Inn, a third floor of guestrooms will be created, offering 18 new rooms closest to the family pool and views of either the Atlantic Ocean or Currituck Sound. In the Beach House, six new rooms will be added with pristine views of both the ocean and sound. This construction project, which will create some of the premier guestrooms at the Resort, will be completed in May 2015.

Northview Hotel Group and an Affiliate of Oaktree Capital Management, L.P. Acquire The Bethesda Marriott

Bethesda Marriott

Bethesda, Maryland (September 30, 2013) – A partnership of Northview Hotel Group and an affiliate of Oaktree Capital Management, L.P. has acquired the Bethesda Marriott Hotel at Pooks Hill Road, Bethesda, MD.

The Bethesda Marriott is a full-service 407-key hotel located adjacent to Rockville Pike, approximately nine miles north of Washington D.C. and close to downtown Bethesda, the National Institute of Health, and Walter Reed Medical Center.  The Hotel features a 180-seat three-meal restaurant, 19,000 square feet of meeting space, and indoor and outdoor pools.  Marriott Hotels & Resorts manages the Hotel under a long-term management contract.

Northview previously owned the Hotel from 2004 to 2007 and oversaw a comprehensive renovation of the asset along with a restructuring of the land ownership from leasehold to fee simple.

Northview Partner, Simon Hallgarten, sees recent uncertainty in the market, coupled with Northview’s history with the Hotel as an advantage.  “Northview is thoroughly familiar with both the Bethesda Marriott and the wider Bethesda market and we have confidence in the long-term value proposition presented by the acquisition.  We have acquired the Hotel at a compelling basis, and have planned for a comprehensive renovation of the property – working with Marriott’s Architecture and Construction group to implement many of the exciting new designs that Marriott will debut in 2014.  The newly-renovated asset will appeal to a wider base of customers and remain competitive within the market.”  NVHG Management, Northview Hotel Group’s operating arm, will provide asset management services for the ownership group and oversee the completion of the renovation project.

The Marriott Bethesda marks Northview’s fifth acquisition since mid-2012.  In 2012, Northview acquired Sanderling Resort & Spa, a picturesque oceanfront resort in the Outer Banks of North Carolina and the Sheraton Hotel in downtown Raleigh, North Carolina. In February, 2013, Northview acquired The Beach House Hilton Head, a beachfront hotel in Hilton Head, South Carolina, located adjacent to the Coligny Plaza retail hub.  In September, 2013, the firm acquired The Queen & Crescent Hotel in the New Orleans CBD, just south of the French Quarter. All five transactions include a renovation component and strategic re-positioning program implemented by Northview’s construction management and operational teams.  “The past 18 months have been an exceptional time for Northview,” said Northview Partner, Matt Trevenen.  “Residual market dislocation in the lodging industry from the previous downturn continues to provide us with attractive risk-adjusted investment opportunities and we anticipate expanding our portfolio aggressively over the next twelve months.”

About Northview Hotel Group

Northview Hotel Group, led by Mark Mance, Simon Hallgarten, David Zeuske, and Matt Trevenen, was formed to make opportunistic hotel investments and to provide hotel management, asset management, and construction management services for owners and co-investors.

Since forming in 2004, Northview has purchased over $680mm of lodging assets, and overseen renovation projects totaling over $110mm.  Northview Hotel Group has a portfolio of twelve unique properties ranging from small independent resorts to large urban branded hotels.  The acquisition of The Bethesda Marriott Hotel marks Northview’s fifth acquisition in the last 18 months.  For more information, please visit www.nvhg.com.

About Oaktree Capital Management, L.P.

Oaktree is a leader among global investment managers specializing in alternative investments, with $76.4 billion in assets under management as of June 30, 2013. The firm emphasizes an opportunistic, value-oriented and risk-controlled approach to investments in distressed debt, corporate debt (including high yield debt and senior loans), control investing, convertible securities, real estate and listed equities. Headquartered in Los Angeles, the firm has over 750 employees and offices in 14 cities worldwide. For additional information, please visit Oaktree’s website at http://www.oaktreecapital.com/.

Northview Hotel Group Acquires The Queen & Crescent Hotel

Queen & Crescent Hotel

New Orleans, Louisiana (September 26, 2013) – Northview Hotel Group, in partnership with a fund managed by Apollo Global Management, LLC (NYSE:APO), has acquired The Queen & Crescent Hotel, at 344 Camp St. in New Orleans, LA.  The acquisition marks the partnership’s second hospitality joint venture in six months.

The Queen & Crescent is located in New Orleans’ Central Business District just three blocks from the French Quarter and features 196 guestrooms and 2,600 square feet of meeting space.  The REO property was acquired by the partnership directly from the servicer.  Northview’s plan is to execute an extensive renovation of the hotel in 2013 and 2014, and to re-open as a completely repositioned hotel in Fall 2014.  NVHG Management, Northview Hotel Group’s operating arm, will operate the Hotel and oversee the completion of the renovation project.

Commenting on the acquisition, Northview Partner Simon Hallgarten said:  “The purchase of the Queen and Crescent represented a unique opportunity to acquire an underperforming hotel located in the heart of one of the most vibrant lodging markets in the U.S.  Over the next 12 months, we plan to execute a transformative renovation and strategic repositioning plan, which in conjunction with the installation of our management personnel, tools, and systems, we believe should maximize the value of the asset.”

The Queen & Crescent purchase marks Northview’s fourth acquisition since mid-2012.  “Northview continues to see attractive value-add investment opportunities in the U.S. lodging market.  We plan to expand our portfolio aggressively in the next 12 months,” adds Northview Partner, Matt Trevenen.  In May, 2012, Northview acquired Sanderling Resort & Spa, a picturesque oceanfront resort in the Outer Banks of North Carolina.  In September, 2012, the firm acquired the Sheraton hotel in downtown Raleigh, North Carolina.  In February, 2013, Northview partnered with a fund managed by Apollo Global Management, LLC to acquire The Beach House Hilton Head, a beachfront hotel in Hilton Head, South Carolina.  All four transactions include a major renovation component and a strategic re-positioning program implemented by Northview’s construction management and operational teams.

About Northview Hotel Group

Northview Hotel Group, led by Mark Mance, Simon Hallgarten, David Zeuske, and Matt Trevenen, was formed to make opportunistic hotel investments and to provide hotel management, asset management, and construction management services for owners and co-investors.

Since forming in 2004, Northview has purchased over $680 million of lodging assets, and overseen renovation projects in excess of $110 million.  Northview Hotel Group has a portfolio of twelve unique properties ranging from small independent resorts to large urban branded hotels.  The acquisition of The Queen & Crescent Hotel marks Northview’s fourth acquisition in the last eighteen months.  For more information, please visit www.nvhg.com.

Northview Hotel Group Names Suzy Carder Corporate Controller

Suzy

New York City, New York (May 3, 2013) – Northview Hotel Group proudly announces the appointment of Suzy Carder as Corporate Controller based in the New York office. Ms. Carder brings 30 years of hospitality experience to the Northview team.

Ms. Carder has extensive hospitality experience both at the corporate and property level. Her former positions include Corporate Controller for Noble House Hotels & Resorts, Corporate Controller for Renaissance Hotels, VP of Finance for Ocean Reef Club in Key Largo, and CFO for the Homestead , a KSL Resort.

Ms. Carder will oversee the corporate finance function, lender and treasury administration, property level financial support including budgeting and audits, hotel takeover and transition support and the incorporation of Northview’s proprietary financial reporting systems into the corporate financial process.

Northview Hotel Group Acquires The Beach House Hilton Head

thebeachhouse

Hilton Head, South Carolina (March 18, 2013) – Northview Hotel Group has acquired The Beach House, a Holiday Inn Resort, at 1 South Forest Beach Drive on Hilton Head Island in South Carolina.

The Beach House is located on Hilton Head’s popular Coligny Beach and features 202 guestrooms, an oceanfront pool, 4,600 square feet of flexible meeting space, and three food and beverage outlets, including the iconic Tiki Hut. The resort is the only beachfront hotel in Hilton Head located within walking distance of a major retail and entertainment hub. NVHG Management, Northview Hotel Group’s operating arm, will operate the resort and oversee the completion of a strategic renovation project.

The Beach House marks Northview’s third acquisition since mid-2012. In May 2012, Northview acquired the Sanderling Resort & Spa, a picturesque oceanfront resort on the Outer Banks of North Carolina and in September 2012, the group acquired the Sheraton hotel in downtown Raleigh, North Carolina. All three transactions include a significant renovation and strategic re-positioning program implemented by Northview’s construction management and operational teams.

“Hilton Head is a high barrier-to-entry lodging market that demonstrated remarkable resilience through the economic downturn due to its consistent, drive-to market demand base. As the only mid-scale beachfront hotel in Hilton Head, and with its premier location adjacent to Coligny Plaza and on Coligny Beach, The Beach House holds a truly unique competitive position in the market,” said, Matt Trevenen, Northview partner.  “The Beach House fits perfectly within our growing portfolio as we continue to seek attractive risk-adjusted investment opportunities and we plan to expand our portfolio aggressively in the next 12 months.”

“The Beach House acquisition presents an excellent opportunity for Northview to maximize value and enhance the guest experience through the implementation of our propriety management tools and systems,” added Simon Hallgarten, Northview partner. “Our strategic renovation is beginning immediately and our guests will see and feel the difference at The Beach House by this summer.”

About Northview Hotel Group

Northview Hotel Group, led by Mark Mance, Simon Hallgarten, David Zeuske, and Matt Trevenen, was formed to make opportunistic hotel investments and to provide hotel management, asset management, and construction management services for owners and co-investors. Since forming in 2004, Northview has purchased more than $620 million in lodging assets and overseen renovation projects totaling more than $110 million. Northview Hotel Group has a portfolio of ten unique properties ranging from small independent resorts to large urban and branded hotels. The acquisition of The Beach House marks Northview’s third acquisition in the last nine months.  For more information, please visit www.nvhg.com.

Northview Hotel Group Hires Seasoned Hotel Executive, Leon Cox, as General Manager at the Sheraton Raleigh

sheridan1Raleigh, NC (January 16, 2013) – Northview Hotel Group proudly announces the appointment of Leon Cox as General Manager of the Sheraton Raleigh in the heart of downtown Raleigh, NC. Cox brings more than 25 years of hospitality experience to the Northview team.

“As an NC State grad, Leon has strong ties to the local Raleigh community.  Leon’s experience, balanced approach to improving performance, and local knowledge are a perfect fit to lead the strategic repositioning of the Sheraton Raleigh,” says David Zeuske, Partner and COO of Northview Hotel Group’s management arm, NVHG Management.

During school and following graduation Leon worked at the Raleigh Crabtree Marriott, beginning his career in banquets, catering, and convention services.  He moved on to the Greenville Marriott, becoming Director of Food & Beverage and also held food and beverage leadership positions at the Ritz Carlton, Reynolds Plantation and the Richmond Marriott.  He returned to the Greenville Marriott in 2005 to take on an area role overseeing both the Greenville property and the Charleston Riverview Hotel.

Looking to grow beyond food and beverage and become a General Manager, he joined Procaccianti Hotel Group as Director of Operations for The Westin Providence and then General Manager of the Sheraton Suites in Old Town Alexandria.  In 2008, he returned to North Carolina as General Manager of the Marriott Charlotte Executive Park working for Sage Hospitality.  He has a strong commitment to training and development and developed the executive training and orientation program for all of Sage Hospitality.

Leon has a strong revenue generation focus and shares Northview’s vision that satisfied associates lead to high levels of guest satisfaction resulting in stronger, more consistent business volumes and outstanding results.

For more information about Northview Hotel Group, visit www.nvhg.com.

Northview Oversees Transformative Renovation at Sanderling Resort & Spa

sanderlingDebuting a new look in spring 2013, Sanderling Resort emerges from a multi-million dollar refresh, beckoning families and couples back to its picturesque shores on the Outer Banks of Duck, North Carolina. Featuring 95 guest rooms and suites and five rental homes set on 16 acres nestled between the Atlantic Ocean and the serene Currituck Sound, the re-envisioned resort will exemplify casual elegance.

Multi-generational travelers will discover two new pools with inviting fire pits for gatherings, a tranquil spa offering indigenous healing treatments and miles of uninterrupted beauty, including a nearby Audubon Sanctuary at the Outer Banks’ only true resort. A refreshed arrival experience will greet guests with an open and welcoming lobby area including the new Beach House Lobby Bar. The resort is also home to Kimball’s Kitchen, a lively new steak, seafood and raw bar concept boasting dramatic views of the sound. The Lifesaving Station and No. 5 Bar, housed in a national historic building and offering inside and outside dining focuses on locally sourced coastal Carolina cuisine appealing to all generations. The new Sandbar will welcome guests for beach and poolside libations in a casual outdoor deck setting. With more than 12,000 square feet of updated indoor and outdoor event space, brides and meeting planners will find a venue to suit every taste; each with a touch of southern hospitality and relaxed, yet luxurious amenities.

Northview acquired Sanderling Resort & Spa in May of 2012 via joint venture with Five Mile Capital Partners. NVHG Management, Northview’s management arm has overseen daily operations as well as renovation construction.

For more information, please visit www.sanderling-resort.com or call (877) 650-4812.

A Subsidiary Of a Fund Managed By Oaktree Capital Management And Northview Hotel Group Acquire the Sheraton Raleigh City Center

sheridan2Raleigh, North Carolina– A subsidiary of a fund managed by Oaktree Capital Management, L.P. and affiliates of Northview Hotel Group are pleased to announce the acquisition of the Sheraton Raleigh Hotel at 421 South Salisbury St. in downtown Raleigh, NC.

The Sheraton Raleigh features 353 guestrooms, a 4,600 square foot restaurant with outdoor dining and frontage on Fayetteville St., the primary thoroughfare in downtown Raleigh, and 18,000 square feet of flexible meeting space.

“The continued development of Raleigh as a business and tourist destination makes us optimistic for the future.  We are looking forward to being part of the renaissance in downtown Raleigh,”   said John Brady, global head of real estate for Oaktree Capital Management, L.P.

NVHG Management, Northview Hotel Group’s management arm, will operate the hotel and will oversee a strategic repositioning plan, focused on upgrading the hotel’s lobby, meeting space, restaurant, façade, guestrooms, concierge lounge, and fitness center.  The acquisition of the Sheraton Raleigh Hotel marks Northview’s second acquisition in the last four months.  In May, Northview acquired the Sanderling Resort & Spa, a picturesque oceanfront resort in Duck, North Carolina in the Outer Banks.

“We are starting to see a number of extremely attractive risk-adjusted acquisition opportunities.  Our current deal pipeline is deep, and we plan to be very active in the next 24 months.  The acquisition of the Sheraton Raleigh fits well within Northview’s core growth strategy.” said Northview Partner Matt Trevenen.

The acquisition is the fourth hotel purchased by joint ventures between subsidiaries of funds managed by Oaktree Capital Management, L.P. and the Northview Hotel Group.