Los Angeles, January 10, 2024 – RobertDouglas, one of many nation’s main lodging funding banking corporations, has promoted Patrick Tan to the function of Senior Vice President. The announcement was made by Stephen O’Connor, Principal & Managing Director of RobertDouglas. Primarily based within the agency’s Los Angeles workplace, Mr. Tan has been an integral a part of the agency’s development as a profitable and extremely revered advisor to personal and institutional shoppers within the hospitality area.
“Patrick is a rising star inside our agency,” mentioned O’Connor. “It’s with nice pleasure that we welcome him to our senior administration group and likewise acknowledge him as a pacesetter for transaction execution as we proceed to strategically broaden our group and enter the subsequent part of the financial cycle.”
Rob Stiles, Principal & Managing Director and co-founder of RobertDouglas, added, “Over the 4 years that Patrick has been with our agency, now we have benefitted tremendously from his experience in evaluating working firms and his diligence underwriting resort actual property; his power and enthusiasm networking in massive teams in addition to working in small groups; and his ardour and enthusiasm for all points of the dynamic hospitality trade. It is a milestone for Patrick and additional solidifies the depth of expertise throughout the agency.”
Mr. Tan advises shoppers within the sale, financing and three way partnership capitalization of institutional-quality resort properties and portfolios all through North America. Notable transactions executed by Mr. Tan embrace the funding gross sales of the AC Lodge in Louisville, KY; the pre-development bridge financing of a mission in Woodland Hills, CA; and the portfolio financing for Gravity Haus.
Previous to becoming a member of RobertDouglas, Mr. Tan labored at a personal fairness and debt funding agency that primarily invests within the branded restaurant trade, specializing in franchisors & franchisees, unbiased chains, firms serving the restaurant end-markets, and associated actual property alternatives. Mr. Tan is a graduate of Cornell’s College of Lodge Administration.
RobertDouglas is an actual property funding banking agency with workplaces in New York, Los Angeles, San Francisco, Chicago, and Nashville that makes a speciality of the sale, financing, and fairness capitalization of resort, resort, and gaming properties all through North America. Based in January 2013 and at present led by its 4 companions, Rob Stiles, Doug Hercher, Stephen O’Connor, and Evan Hurd, RobertDouglas provides entry to distinctive home and worldwide institutional investor and lender relationships because it combines the capital markets sophistication of top-tier funding banks with diligent resort underwriting and confirmed asset administration expertise.
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