ABOUT US
The Hospitality Preferred Equity Fund, LLC is a regulation D, Rule 506(c) offering created exclusively for accredited investors.
The Fund was established to acquire a single, fully entitled and shovel-ready 4.08-acre parcel located in Port Charlotte, Florida, for the ground-up development of a 117-room Hyatt Studios extended-stay hotel.
Upon finalization of the capital stack, the Fund will contribute its equity to the project until the build-out is complete, which should take 12-14 months from groundbreak.
Unit Holders have the opportunity to receive all benefits of ownership, including a preferred return without the worry of finance or franchise risk
Offering Highlights
◆$5,000,000 offering with no minimum equity raise required to close*
◆$50,000 minimum investment per subscription
◆21.5% projected Fund-level IRR not inclusive of any returns from the sale or development of a second parcel on the site
◆80%–85% tax-efficient returns across income, refinance, and disposition
◆Fully collateralized by the Fund’s purchase of the underlying land from the project entity*
◆5 to 6 year expected hold with multiple return-of-capital events
The Hyatt Studios brand distinguishes itself from other extended-stay options through efficient design and a lean operating model that strengthens projected returns by minimizing construction and operating costs
As project co-developer and facility operator, Commonwealth Hotels brings an unparalleled management team and a proven track record for generating exceptional Investor returns.
*The completion of the capital stack may not necessitate full subscription from the Fund. The project entity, 1321 Claburn Cir, LLC already owns the property and will pursue additional equity resources alongside the Fund. All investments from the Fund will be used as collateral against the land on a pro-rata basis.
Project Summary
Property 1321 Claburn Cir, Port Charlotte FL
Project SPV 1321 Claburn Cir LLC
Brand Hyatt Studios Extended Stay
Planned Keys 117
Square Feet 77,000
Construction Type Concrete Block and Plank
Total Cost $21,395,920
Total Senior Debt $10,000,000*
C-PACE Debt $4,928,144*
Total Equity $6,397,776
*The total debt has received pre-approval at 70% LTC, amounting to $14,928,776. C-PACE financing for the property is approved for up to $8,000,000, and the allocations mentioned above may vary at closing. Additionally, the loan-to-cost ratio is subject to change.
Site Photo
Proposed Hotel
Proposed
AL Facility
Conceptual Site Plan
Aerial View
Divided Parcel
Once the project is finalized, the Fund plans to transfer 100% of its land equity to 1321 Claburn Cir, LLC in return for a maximum 45% ownership stake in the hotel project as well as a 45% interest in second parcel that will be established once the build receives final permitting.
The project is fully entitled and shovel-ready. Construction is expected to begin immediately after the capital stack is finalized.
Project Timeline and Expected Fund Life
Hotel Features
▪Open lobby design supports a lean labor model that improves operating margins.
▪Complimentary grab-and-go breakfast available to all guests.
▪Innovative self-service marketplace offers guests a variety of food & beverage options.
King Guest Room
▪Designed for Extended Stays
▪Featuring a king bed, full kitchenette, and dedicated workspace deliver residential comfort for longer visits.
Double Queen Guest Room
▪Room to Spread Out
▪Two queen beds, a full kitchenette, and a flexible workspace comfortably host families and traveling teams
24-Hour Fitness Studio
Wellness Without Leaving Home
A 24-hour fitness studio with a full range of cardio and strength equipment keeps guests on routine, day or night.
Designed for Florida Living
Expansive outdoor patio invites guests and their crews to gather for alfresco dining, morning coffee, or unhurried evening conversation on their own schedule.
A central firepit and shaded lounge seating create a welcoming place to unwind, while grilling stations make it easy to prepare the familiar meals and flavors brought from home.
When the afternoon sun peaks, the resort-style pool and sun deck offer a refreshing retreat beneath the year-round Florida sunshine.
Management
Hospitality Preferred Equity Fund, LLC is managed by Veterans Real Estate Consulting Group, LLC and its Board of Directors.
Officers
Alan T. Lane - Managing Director
Alan serves as Managing Partner of Veterans Real Estate Consulting Group, LLC. Alan also serves as Co-Manager of Hospitality Portfolio Management, LLC., Managing Director of Hospitality Developmental Fund, Hospitality Developmental Fund II, and President of Developmental Real estate Solutions, LLC
Sue A. Howell - Chief Operating Officer
Sue serves as President of Veterans Real Estate Consulting Group, LLC and Board Member.
Advisory Board
Paul Stanton
Paul is an Advisory Board Member and currently holds the position of Vice President at Commonwealth Hotels, a premier hotel management company that effectively operates a diverse range of premium hotel brands across the nation. He is also engaged with Hospitality Portfolio Management, a fully integrated company specializing in real estate investment, development, construction, and management. With over 25 years of experience in Hospitality and Development for international operations, Paul has worked with renowned brands such as Disney, Hilton, Marriott, and Choice.
Michael McKinley, Esq.
With over 40 years of legal experience, Michael specializes in various fields including real property, commercial loans, zoning, planning, land use, law, administrative law, and education law. Throughout his career, he has gained substantial expertise in local government real estate, business and land development, and corporate law. Michael also serves as counsel for the project entity, 1321 Claburn Cir, LLC.
Jeff Criswell
Jeff brings a rare combination of discipline, leadership, and strategic thinking to the real estate industry—qualities forged during a distinguished 12-year career as an NFL offensive lineman and strengthened through more than 30 years of commercial and residential real estate development, funding and brokerage experiences.
After retiring from the National Football League, Jeff transitioned seamlessly into real estate, applying the same work ethic, preparation, and team-focused mindset that defined his athletic career. Over the past three decades, he has built a reputation as a highly skilled developer and trusted advisor, assisting clients in acquisition, sale, development, and funding of high-value real estate assets.
Development Team
PROJECT MANAGER
Developmental Real Estate Solutions, LLC
Leads the project as development manager, coordinating closely with Commonwealth Hotels and NashBuilt Construction to carry the hotel from concept through completion.
GENERAL CONTRACTOR
NashBuilt, Inc.
Delivers the build as general contractor. Its principals each bring more than 35 years of experience in the successful development, management, and ownership of hospitality properties.
HOTEL OPERATOR
Commonwealth Hotels, LLC
Guides development and post-opening operations, executing an efficient plan to stabilize the property quickly — hiring and training staff, elevating food and beverage, and leveraging local and national demand to grow market share, profitability, and value.
This website and the information contained herein are provided for informational purposes only and do not constitute an offer to sell, or a solicitation of an offer to buy, any security or investment interest in Hospitality Preferred Equity Fund, LLC (the “Fund”). Any securities may be offered only to qualified investors pursuant to a confidential Private Placement Memorandum and related subscription documents (collectively, the “PPM”). An investment in the Fund is speculative, involves a high degree of risk, and is not suitable for all investors. Prospective investors should carefully review the PPM, including all risk factors and conflicts of interest, and should conduct their own independent due diligence and consult with their own legal, tax, financial, and investment advisors before making any investment decision. Neither the Securities and Exchange Commission nor any state securities commission or other regulatory authority has reviewed, approved, or disapproved of the Fund, the securities offered, the terms of the offering, or the accuracy or adequacy of any offering materials. Past performance, projections, targets, illustrations, and forward-looking statements are not guarantees of future results. There can be no assurance that the Fund will achieve its investment objectives, projected returns, capital-raising goals, development milestones, or any other stated goals. The underlying project or projects are not dependent on the Fund raising all of the projected capital, and project plans, budgets, timing, scope, design, amenities, renderings, images, and other visual depictions are preliminary and subject to change; actual improvements, finishes, features, and appearances may differ materially from those shown. Investments in real estate and private securities are subject to known and unknown risks, uncertainties, and other factors, including the possible loss of all or a substantial portion of an investor’s capital, illiquidity, and an indefinite holding period. Investors should invest only if they can bear the economic risk of the investment, including a total loss of their investment.
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