Jolyne Caruso, CEO of The Alberleen Group, joins the Advisory Board of Massey Quick, a privately owned wealth management and investment consulting firm catering to high net worth individuals, family offices, endowments and foundations. Massey Quick, which began operations in 2004, provides customized comprehensive financial planning and investment advisory and consulting services.
RobertDouglas Advises Maritz, Wolff & Co on a $12.5 Million Financing for the Redevelopment of the Courtyard Convention Center Hotel in Downtown St. Louis, Missouri
New York, NY – October 10, 2014 – RobertDouglas announced today that it advised Maritz, Wolff and Co. on a $12.5-million financing for the redevelopment of the Courtyard Convention Center Hotel in downtown St. Louis, Missouri. The financing was provided by Wells Fargo Bank.
The Courtyard will open in mid-2015 following the full renovation of the historic Lennox Hotel, which first opened in 1929. Upon completion, the Courtyard is poised to quickly establish itself among downtown St. Louis’ premier hotels given its oversized guestrooms, unique historic features and excellent location at the heart of downtown St. Louis and adjacent to the 1.2 million square-foot America’s Convention Center.
On October 6, 2014, The Alberleen Group, through its merchant banking facility, was repaid on a bridge loan to RMS Programs, LLC, a hospitality insurance program administrator. Alberleen and its affiliate, TAG Financial Institutions Group, invested in and syndicated a working capital line which provided funds to allow RMS to add staff and systems to administer its portfolio of insurance policies. The investment generated a 24.95% IRR.
RobertDouglas Advises 21c Cincinnati LLC on the $13.0‐Million Refinancing of the 21c Museum Hotel in Cincinnati, Ohio
New York, NY – RobertDouglas announced today that it advised 21c Cincinnati LLC in the $13.0‐million refinancing of the 21c Museum Hotel located in Cincinnati, Ohio. The financing was provided by Republic Bank.
Ranked as the #1 Hotel in the US in 2013 by readers of Condé Nast Traveler, 21c Museum Hotel Cincinnati is a national award‐winning boutique hotel, vibrant contemporary art museum, with a signature restaurant, full‐service spa, and rooftop bar situated in the heart of downtown Cincinnati. The hotel opened in November 2012 following the complete redevelopment of the historic, 100‐year‐old Metropole Hotel, and features 156 guestrooms and suites and 8,000 square feet of function space dedicated to exhibiting the art of the 21st century.