Balandra Capital Advises Family Office on Strategic Investment in Iconic New York City Hotel

Mexico City, Mexico (October, 2024)

Balandra Capital is pleased to announce its role as exclusive advisor to a family office for a strategic investment in a prestigious hotel property in New York City. The investment marks a significant step, leveraging the hotel’s recent multi-million-dollar renovation and prime location near Central Park to capitalize on the ongoing recovery of the hospitality sector in one of the world’s most sought-after travel destinations.

The property, managed by an internationally recognized hospitality brand, underwent an extensive $103 million renovation, aligning it with market standards for luxury accommodations and positioning it favorably in the competitive New York hotel market. With its upscale guestrooms, high-demand meeting spaces, and new dining experiences, the hotel appeals to both business and leisure travelers. The hotel’s robust operating plan includes anticipated growth in Average Daily Rates (ADR) and occupancy levels as the New York market stabilizes and demand for luxury hospitality increases.

"This transaction underscores Balandra Capital's commitment to supporting our clients’ investment strategies in high-quality, income-generating assets," said Juan Carlos Benavides, Managing Partner at Balandra Capital. "In New York’s challenging hospitality market, securing such a property offers strong value potential through strategic asset management and targeted operational enhancements."

The investment is further supported by an attractive capital structure and a favorable financing environment, enhancing its potential to generate solid returns. With this acquisition, the family office aims to strengthen its position within the global luxury real estate market.