Comfort Inn St. George North

Case Study

Strategy

Greens analyzed an under performing property adjacent to an existing investment. The property was on the verge of receivership, and an ideal candidate for Greens approach to value creation. We acquired control of the asset in a 7 day escrow, and proceeded to reposition the asset.

During a gut-job six month renovation, we invested $1,200,000 ($18,750/key) into the asset, added 4 guest rooms, and reopened the hotel as the Comfort Inn St. George North under franchise from Choice Hotels International. Within 9 months of opening, we optimized operations, and exited the investment in a tax efficient manner.

Quick Stats

  Before After % Change
Sales $427,321 $1,405,104 228.8%
ADR $49.27 $82.43 67.3%
Occupancy 39.6% 73.0% 84.3%
RevPar $19.51 $60.15 208.3%

 

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About

Greens Group is a privately held real estate development and hotel company built on a strong heritage of deep values. Greens Group has steadily grown its market presence by investing prudently, managing effectively, and operating efficiently. This year, Greens Group will celebrate its 20th year in business and continues to execute its vision of becoming one of the premier real estate developers and operators in America.

Visit Us

Greens Group, Inc.
9289 Research Drive
Irvine, CA 92618

Contact Us

P: (949) 829-4900
F: (949) 829-4910
E: info@greens.com