Newfield Enterprises International / Real Property Management, Inc. | For a five-year period, provided asset management and owner representation for the property, including re-branding the Los Angeles hotel to a Marriott Hotels franchise managed by Outrigger Hotels U.S.
Mexican-American Trade Center Corp. | Market and financial feasibility study for potential Mexican-American Trade Center in San Diego, proposed by a working group for the trade center’s development. The work included a focused “lessons learned” review regarding the operating success of similar facilities elsewhere in the U.S.
Newfield Enterprises International | Due diligence for resort acquisition, involving a master-planned golf community in development in Lovenlund (on St Thomas) in the U.S. Virgin Islands (“USVI”). The due diligence was prepared on behalf of an international family office (based in Riyadh) considering an investment in, or outright acquisition of the property.
Our due diligence work for this resort acquisition included a review of historic operating results, the appeal of the community’s residential product to buyers, repair and maintenance issues, and staffing matters. A forecast of expected operating performance was prepared, along with a budget for upgrading the property to assure continued first-class operations.
The Mahogany Run Golf Course that was one component of the prospective acquisition, had been completed in 1980. The course enjoyed a top reputation with its design by George and Tom Fazio. At the time of the due diligence, Mahogany Run was the only golf course on St. Thomas island. Another interesting feature of the property is the historic Old Stone Farm House Restaurant, situated in a restored farm building on the 300-acre former Lovendahl (Danish) sugar plantation.
Lovenlund is a settlement near Magens Bay on the north side of the island of Saint Thomas. St. Thomas along with Saint John, and Saint Croix, form a county and constituent district of the USVI.
Kamehameha Schools (Hawaii) | Confidential asset management “peer review” assignment for Kamehameha Schools (Hawaii). KS is responsible for the stewardship of over 365,000 acres of land on Hawai‘i island, Maui, Moloka‘i, O‘ahu and Kaua‘i, holdings that constitute Hawaii’s largest private landowner. KS is a private charitable educational trust endowed by the will of Hawaiian princess Bernice Pauahi Bishop, the great-granddaughter and last direct descendant of King Kamehameha I.