WELCOME
INVESTOR NAME:
SPA Group Holdings 1 LLC
CONTACT PERSON:
Philip Solomon
ADDRESS:
501 hibiscus Dr
Hallandle Beach Fl 33009
PROJECT
EVEN® Hotel Alpharetta - Avalon Area
Alpharetta, Georgia
FILES AVAILABLE FOR DOWNLOAD
Offering Documents (.PDF)
Accounting Documents (.PDF)
Project/Asset Reports (.PDF)
CONSTRUCTION ADVANCES
Payment schedule is provided for reference only. Please refer to Promissory Note Loan Agreement or Subscription Documents on a case by case basis for complete terms and conditions
Construction Loan 14,600,000
Preferred Equity 200,000
Common Equity 3,250,000
Portfolio Loans 4,065,000
IHG Preferred Equity
Contribution 2,600,000
Capital Stack : $25,715,000
Key Money 1,000,000
The Capital Stack may be higher than total development cost due to additional funds needed to fund initial debt service upon opening the hotel
Total Development Cost 25,689,436
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