Luna Ventures | Hospitality Advisors | Hotel Limpia & Blue Mountain Bistro
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Hotel Limpia & Blue Mountain Bistro

About This Project

Managed purchase of a historic 32 room hotel, restaurant and gift shop from initial due diligence to closing and integrated the property into the management group portfolio.

This included:

  • Initial site visit and report which included property summary, area analysis with attractions and demand drivers, facility details, financial analysis and projections, valuations, competitor research and market data analysis.
  • Negotiating contracts with seller and attorneys.
  • Creating a capital improvement budget and plan.
  • Securing equity financing.
  • Working with financial institutions to obtain loans, which included traditional and SBA financing.
  • Working with title company to meet closing deadline.
  • Performing inventory count of restaurant and gift shop.
  • Completing employment contracts, capital improvements, liquor license updates, and computer system changes.

Continued to act as liaison between local management and corporate headquarters staff and made site visits as necessary.