Northpointe Hospitality Management LLC and its financial partners have been involved in numerous Public/Private transactions related to the development and operation of assets under management by Northpointe.
Our comprehensive approach and success relies on our ability to work with a variety of stakeholders. We align our strategy and teams around the goals that matter most and take a holistic approach to our development and management, for true partnerships that lead to success for all.
CITY OF LAWRENCEVILLE &
DOWNTOWN DEVELOPMENT AUTHORITY
- A 99-year Hotel ground lease on ~ 2 acres of property in downtown Lawrenceville for $1.00 per year
- Development agreement – construction of 316-space hotel parking deck and subsequent sale to the City
- The City granted a Parking Easement for 113 parking spaces
- Loan and Security Agreement
- Enhancements that are in process for the development of Hilton Tapestry on top of the existing hotel parking deck:
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- Modification by the City of Loan and Security Agreement
- City non-equity contribution to the hotel project
- The City will own the Convention Center and the hotel will lease for a nominal fee
- Enhancement of the property tax abatement to an increased reenue threshold
CITY OF NORTH AUGUSTA/
NORTH AUGUSTA PUBLIC FACILITIES CORP.
- Development agreement – construction of hotel parking deck and subsequent sale to the City
- Parking operating agreement for the Hotel parking deck
- Favorable property tax schedule
ALBANY-DOUGHERTY INNER CITY AUTHORITY
- Ground lease with Albany-Dougherty Inner City Authority and the Hilton Garden on adjacent property used for guest parking
- The City of Albany provided a construction/permanent loan to facilitate the construction of the Hilton Garden Inn Hotel and convention center
JEKYLL ISLAND STATE PARK AUTHORITY
- Hotel ground leases with Jekyll Island – State Park Authority for the Holiday Inn Resort and the Beachview Club Hotel
- Restaurant ground lease with Jekyll Island – State Park Authority for the Beachhouse Restaurant.