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VCM affiliate seals hotel chain deal worth $215M

Vukota Capital Management, which has offices in The Bahamas, has announced that VCM Lodging Enterprises has acquired 45 Wyndham-branded hotels serving US railway crews in a deal worth $215.5 million. 

Tuesday, December 10, 2019
Tuesday, December 10, 2019

VCM affiliate seals hotel chain dealVukota Capital Management (VCM) has announced that VCM Lodging Enterprises has acquired 45 geographically diversified Wyndham-branded hotels serving US railway crews in a deal worth $215.5 million.

VCM has offices in Denver, Colorado, and Nassau in The Bahamas.

The portfolio is comprised of 3,840 rooms across 23 states alongside major US railroad lines. Each hotel is supported by a contract with one of four large North American railway partners.

Operations are overseen by a management team located in Wichita, Kansas, which assists more than 1,000 dedicated property-level employees.

“This transaction is a good representation of the way we approach investments, long-term contracts with AAA tenants, hard assets, good visibility with a business that has been around for over 20 years and cash flow oriented,” explains Santiago Tello, managing partner at VCM.

Tom Vukota, CEO and founder at VCM, adds: “The hotels have a proven track record, enjoy plenty of room for optimization and provide stable returns, mitigating market risk though long-term contracts with railway companies needing lodging for their workers. Bottom line is a low volatile investment, with low correlation to traditional asset classes generating good risk-adjusted returns.”

VCM is an investment firm founded in 2010 that focuses on alternative investments. The firm and its affiliated companies manage over $900 million on behalf of institutions, family offices, and high-net-worth individuals.

VCM’s investment activities are focused on real estate private equity, public market investments, and private equity.

It now manages over 4,000 apartment units in the US, aside from this transaction and the medical office buildings it owns.

Minister of Tourism and Aviation Dionisio D'Aguilar was interviewed by NBC's Golf Channel as part of promotional activities around the Hero World Challenge held at Albany in The Bahamas last week.

CEO of Citigroup Michael Corbat (centre left) and Donna Corbat (right), accompanied by Citi Country Officer Margaret Butler, paid a courtesy call on Prime Minister Dr Hubert Minnis at the Office of the Prime Minister December 6.

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