Delaney Group

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Embassy Kaanapali Maui

Overview

Timeshare conversion - Responsible for all aspects of the $80 million, 413 unit hotel acquisition out of bankruptcy from a consortium of 12 Japanese lenders.

Completion

1997

Primary Role

Property Manager

Details

Responsible for maintaining partnership relationship with two financial partners (Goldman Sachs and Apollo Real Estate Advisors) Acquisition loan from Societe Generale and Heller Financial, negotiating management agreement, license agreement with Promus (Embassy), developing property and partnership business plan, employee issues, labor union issues, due diligence, financial analysis, DRE Registration, $12.0 million property renovation.