Headquartered in Fort Myers, Florida, Conor Acquisitions is a real estate investment company primarily focused on income producing real estate within the hospitality industry. Conor concentrates on all facets of the hotel industry, including acquisition, development, construction, renovation, asset management and property analysis. Its experience ranges from urban high-rise branded hotels to boutique properties. It has worked with many hotel brands within the industry, including Hilton, Marriott, IHG, Starwood, Hyatt, Choice, Wyndham, and Best Western. Since inception, it has completed $63 million in hospitality-related transactions.
Conor Acquisitions aims for growth through vision, integrity, and values. It is dedicated to ensuring that its hotels exceed the expectations of their guests, employees, investors, and their partners within the community. It persistently strives to achieve superior value, provide exceptional guest service, maintain an environmentally-conscious operation and utilize advanced technologies. It is Conor's objective to increase operating efficiencies and create value-added improvements that translate to its guests. Conor has a conservative approach to maximize ROI using its seasoned knowledge from the hospitality industry.
Investment Approach
Conor Acquisitions is a motivated, growth-oriented company. The following represent target investments for Conor:
- Franchised Hotels: Marriott, Hilton, Hyatt, Starwood, IHG, Choice, Best Western, Wyndham
- Full, Select, Limited Service and Extended Stay Hotels
- Purchase price points targeted at discounts to replacement costs
- Value creation opportunities: Legal strategies and repositioning
The strategy employed on these target investments varies by which of the three categories below best applies:
Core Investments: Conor targets properties across a plethora of markets with attractive valuations, providing above average, sustainable yields and favorable long-term prospects, based on a variety of demand generators.
Value-Added Investments: Conor pursues opportunities where it can leverage their industry knowledge, relationships, and reputation to create and add value. It aims to acquire properties with upside potential, and utilize strategies such as repositioning, conversion, or redevelopment.
Opportunistic Investments: Conor welcomes opportunities where capital constraints, or the markets at large prevent an operating partner from leveraging the full potential of an asset. It explores opportunities including diversification by investing in different areas of the capital stack.
Track Record
| Address: | 3076 Kirby Pkwy, Memphis, TN 38115 |
| Year Built: | 1998 |
| Property Type: | Hospitality |
| Number of Rooms: | 96 rooms |
| Major Amenities: | On-Site Bistro & Bar On-Site Convenience Store Outdoor Pool Fitness Center Business Center Meeting Room Laundry Service |
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