Hilton College Station Case Study

$46 mm Hospitality Acquisition & Sale – College Station, TX

• The Hilton College Station was acquired by Encore in September 2010
• It is a full service hotel, built in 1985, with 303 rooms and over 25,000 square feet of meeting space
• Encore identified the asset from an institutional owner in an off-market transaction at an attractive entry price (approx. 50% to 55% of replacement cost)
• Recognized strong demand drivers such as proximity to Texas A&M University (3rd largest public university in the U.S.) and limited competition being the only convention center hotel in the city
• Improved operations through implementing new policies and procedures and integrating the Hilton onto Encore’s proprietary IT platform
• Held hotel for 4 years, infused over $4 mm of capital in value-add renovation, and exited north of a 35% IRR