TAMPA, FL—Officials of Davis Hotel Capital and F10 Hotels have joined forces to provide clients with enhanced and expanded hotel investment advisory and financial services. Geoff Davis and Angelo Stambules from Davis Hotel Capital are assuming senior level roles within the F10 platform.
“The hotel industry was said by the experts to have peaked in 2013, yet here we are five years later with most markets across the United States still remaining healthy. While historically low interest rates have buoyed returns, new supply is a concern of both lenders and equity investors. That’s why it’s critical at this stage of the cycle to have seasoned expertise in structuring capital,” said Geoff Davis, principal, F10 Hotels.
Davis added, “F10 is recognized as a capital markets leader, which Angelo and I certainly complement with our track records. At the same time, my investment sales experience will allow F10 to increase our presence in hotel brokerage. With over 800 hotel sales on my resume, representing in excess of $12 billion of transactions, we see the opportunity to combine our capital markets skills with the ability to provide a targeted approach on investment sales to produce exceptional results for our clients.”
“We have always been proud of working with a full range of clients, from mom and pop hotel owners to institutional investors and everyone in-between,” said Renny Goldstein, managing principal, F10 Hotels. “F10 provides each client with the same high touch level of service, while our attention to detail in presenting underwriting materials has engendered a unique level of trust from our capital sources. We see Geoff and Angelo as valuable additions who share the same philosophy and have the reputation to back it up.”
In addition to placing permanent, bridge and constructions loans, F10 Hotels also provides capital advisory services to arrange mezzanine debt, preferred equity and joint venture equity. With offices in Florida, Texas, Colorado and the District of Columbia, the company intends to broaden its efforts in hotel investment sales.