Connect with us

Hi, what are you looking for?

Jewish Business News

Real Estate

Mark Gordon of Tribeca Associates launches $500 Million hotel investment fund

Intrinsic Hotel Capital hope to buy about 10 U.S. hotels over the next two years. Gordon’s partner on the new venture is Joe Vassallo


Tribeca Associates’s Mark Gordon is looking to raise about $500 million in debt and equity for a new hotel-focused fund, Gordon told The Real Deal.

“We see opportunity in acquiring existing, income-producing hotels that are already performing well but where we can effectuate enhanced cash flow …. through a combination of change of management, brand, physical improvements, creative food and beverage concepts and the like,” Gordon said. “The acquisition strategy is all about minimizing risk while generating core-plus returns.”

The fund named Intrinsic Hotel Capital. Mark Gordon and his partner on the new venture Joe Vassallo, formerly of Deutsche Bank and Natixis, hope to buy about 10 U.S. hotels over the next two years… (continue reading)

By Katherine Clarke, The Real Deal

Click to comment

Leave a Reply

Your email address will not be published. Required fields are marked *

This site uses Akismet to reduce spam. Learn how your comment data is processed.



You May Also Like

World News

In the 15th Nov 2015 edition of Israel’s good news, the highlights include:   ·         A new Israeli treatment brings hope to relapsed leukemia...


The contract signed between the Israeli government and Pfizer shows clearly and unequivocally that this is a clinical study on humans - The agreement...


Now Platika joins and elite club of $10 billion plus Israeli firms.


After two decades without a rating system in Israel, at the end of 2012 an international tender for hotel rating was published.  Invited to place bids...