INVESTMENTS
Dreamscape | December 14, 2021
A joint-venture between affiliates of Dreamscape Companies and Meritage Group LP completed the acquisition of the Nashville Holiday Inn & Suites Downtown, a newly constructed hotel situated in the heart of Downtown Nashville in the city's vibrant SoBro (South of Broadway) neighborhood. This purchase marks Dreamscape's second hospitality transaction in the city in 2021, having acquired The Sheraton Grand Nashville Downtown in June. The purchase of this 230-room hotel underscores Dreamscape's commitment to expanding its presence in the Nashville market, as well as identifying prime growth opportunities in key regional areas across the country.
"We are very pleased to be partnering with Meritage on this exciting deal. Nashville has long signified an area of keen interest for us, and after entering the market earlier this year with the purchase of The Sheraton Grand Nashville Downtown, we immediately knew that we wanted to expand our footprint in this booming city, which continues to attract tourists from all over the country as well as across the globe."
-Eric Birnbaum, Founder and CEO of Dreamscape Companies
"We are thrilled to be expanding our presence in Nashville given the strong market fundamentals. This transaction marks Dreamscape's fifth acquisition in the last year and fits squarely into our thesis to acquire assets in high-growth markets at an attractive basis."
-Scott Broder, President of Dreamscape Hospitality
The Nashville Holiday Inn & Suites Downtown, located at 415 4th Avenue South, has been outfitted with 230 rooms and 8,700 square feet of first-class meeting space, making it an ideal establishment for leisure and business travelers alike. The property, which opened its doors just two years ago, also includes the street front cocktail bar and restaurant, 4th and Peabody, which is preparing to undergo a thoughtful renovation, as well as an on-site parking garage. In addition to reimagining the hotel's dining concept, Dreamscape is also planning to integrate additional retail concepts within the property's expansive lobby.
"We are pleased to partner with Dreamscape to acquire another leisure-oriented, new construction hospitality asset in a dynamic growth market. This is a continuation of Meritage's broader commitment to investing in downtown Nashville, which began in 2017, and this marks our fifth investment in Nashville of strategically located, urban-core assets."
-Jared Halperin, a Managing Director at Meritage
Located just a short walk from the city's ever-bustling and widely trafficked Broadway strip, the Nashville Holiday Inn & Suites Downtown places visitors in close proximity to Bridgestone Arena; Music City Center, the city's convention center; and other iconic institutions and landmarks. Additionally, those craving the best Nashville has to offer will delight in knowing that the hotel is situated just across the street from Nashville's famous barbeque restaurant, Martin's BBQ Joint.
About Dreamscape
Dreamscape's mission is to create long-term financial prosperity through a diversified portfolio of differentiated, forward-thinking real estate projects. Led by Founder and CEO Eric Birnbaum, Dreamscape owns and operates residential, retail, hospitality, entertainment and gaming properties, (re)developing experience-centered spaces that focus on maximizing each property's intrinsic value.
About Meritage Group LP
Meritage is a fundamentally-oriented investment firm with assets under management in excess of $11 billion as of December 31, 2020. Meritage invests in public and private equity, credit and real estate. The firm has approximately 50 employees in offices located in Greenwich, New York City, and San Francisco.
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AGENT
Intero | June 21, 2022
Intero, a Berkshire Hathaway affiliate and wholly owned subsidiary of HomeServices of America, Inc., is pleased to announce eleven agents have been named in the annual Top 250 Latino Agents Report by the National Association of Hispanic Real Estate Professionals (NAHREP).
The Top 250 Latino Agents Report recognizes outstanding Latino real estate agents and teams from around the country. This year’s report includes rankings of the top 250 agents and teams by volume, and the top agents and teams in their respective regions, representing more than $13.8 billion in combined sales volume in 2021.
We are proud of Ricardo Artega, Juan Barragan, Erika Carrasco, Hugo de Hoyos, Todd Fernandes, Joseph Gonzales, Rebecca Johnson, Teresa Navarro, Julio Orozco, Carlos Padilla, and Denise Villeneuve. Every one of our agents brings a unique story of personal determination and commitment, exemplifying true professionalism in making homeownership a reality for others and carrying out NAHREP’s mission.”
Brian Crane, CEO of Intero
Established in 2002, Intero is deeply rooted in the Bay Area’s diverse culture and social change.
“I consider it an honor and privilege to be a part of my client's homeownership journey here in the Bay Area,” said Carlos Padilla, Intero Los Altos Agent and Member of Intero’s Hall of Fame. “And I’m proud to be their trusted advisor along the way—not only at the time of purchase, but also beyond.”
In its eleventh year of publication, the report recognizes agents whose hard work and dedication have led them to close an outstanding number of transactions to increase the rate of sustainable Hispanic homeownership in communities across the country. The listing of the Top 250 Latino Agents in America is compiled through broker affirmed self-nomination and recognizes the nation’s most successful agents and brokers for their residential real estate transactions.
AboutIntero
Intero, a Berkshire Hathaway affiliate and wholly owned subsidiary of HomeServices of America Inc., serves Northern California and Nevada with 23 offices throughout the greater Silicon Valley, San Francisco, Calaveras County, Western Nevada, and the Greater Lake Tahoe Region. The Intero Franchise network comprises 35 affiliates located in California, Nevada, Tennessee, and Texas. The company is headquartered in the heart of California’s Silicon Valley.
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BUYING/SELLING
World Series of Golf, Inc. | October 13, 2021
World Series of Golf, Inc. (USOTC: WSGF) ("WSGF") confirmed the company will publish a management overview tomorrow (Wednesday, October 13th, 2021), on the initiative now underway for several months to accelerate revenue growth and add assets to the balance sheet.
The initiative includes planned acquisitions, adding new lines of business to complement the current short-term rental purchase finance business, and a groundbreaking cryptocurrency strategy to be integrated into the company's coming Vaycaychella App version 2.0. WSGF operates a short-term vacation rental fintech company facilitating real estate investment and purchase financing.
WSGF acquired a business called Vaycaychella last year and made Vaycaychella its primary business focus. A corresponding corporate name change is underway. Vaycaychella serves entrepreneurs looking to acquire and operate short-term vacation rental properties and businesses, and investors looking to make investments in short-term vacation rental properties and businesses.
WSGF, through its operating subsidiary, Vacycaychella, earlier this year launched a Peer To Peer (P2P) Short Term Rental Property Purchase Application targeting the $87 billion vacation rental market.
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