Broadshore Capital announces $150m hospitality investment program

Broadshore Capital Partners has formed a $150 million hospitality investment program in partnership with a global alternative investment manager. Broadshore will invest debt and equity through originating new high-yield financings, acquiring loans and making direct equity investments.

Concurrent with the completion of the joint venture, the partnership closed a $19.8 million mezzanine construction loan to RevPAR Cos. for the development of a 200-key AC Hotel by Marriott at 117 Yale Avenue North in Seattle. The new hotel is well-located in the prominent South Lake Union district, which is a vital business hub with Amazon, Facebook, Google and the Bill & Melinda Gates Foundation and numerous other corporations in the area.

“We believe the general recovery of the hospitality industry from the pandemic-fueled setbacks present significant opportunities for our new hospitality investment program. Broadshore’s experience as a hospitality investor and lender positions