Veteran hospitality consultants Michael Lipson and Jon Wright, in an alliance with Georgetown Capital Partners, have launched Georgetown Hospitality Partners, a full-service funding platform dedicated to the hospitality sector.
Georgetown Hospitality provides a range of debt, loan servicing and capital advisory expertise. Lipson and Wright, who have funded more than US$20 billion within the hospitality industry to date, will act as managing partners of the venture. Georgetown Hospitality anticipates closing several transactions currently in negotiations before the end of the first quarter.
“The business model of GHP is based on current market realities,” Wright says. “The hospitality industry is at a critical juncture, where operating performance is rebounding against a steady stream of loan maturities, limited new debt providers and brand commitment to sustainability and growth. The future success of all assets requires reliable access to capital to ensure market share through enhanced customer experiences that drive long-term loyalty. GHP’s platform delivers the successful structure investors require as we emerge from these extremely challenging times.”
Established as an alliance with Georgetown Capital, a 25-year-old firm that invests entrepreneurial capital in real estate developments and private growth companies, Georgetown Hospitality provides entrée to the resurging hospitality industry.