We acquired the Broughton Street property in May with plans to transform it into a boutique hotel featuring eight luxury short-term rental units, 40 bedrooms, and a rooftop pool.
Last month, our team successfully completed demolition and submitted the final demolition punch list.
We have since completed the initial set of design plans and submitted them to the city for a building permit, which is required before renovation work can begin.
One of the things that makes our fund unique is that we’ve decided to share our fees and cash flow with investors in the fund. As we develop Broughton Street, we’ll share our development fees with investors in the fund.
