An international developer of hotels based in Germany/Austria is seeking the following types of real estate assets for the development of its branded 4-5 Star hotels in the major U.S. metropolises. The acquisition criteria are listed below:

- Land for new projects: Commercial land, min 0.75 acres, for high-rise hotel construction in busy districts of metropolitan cities.

- Current development projects: Hotel properties that are in the development stages by developers who may have an interest in selling or leasing out.

- Existing developable hotels: Run-down hotel properties that have potential for enhancing NOI through capital infusion and substantial improvements for rebranding them to the required standards.

- Conversion of other asset classes: Properties, such as vacant or run-down office, multi-story, and apartment properties in metro cities, which have the potential to be converted into profitable hotels.

- Acquisition of old and run-down commercial properties in high-traffic visitor districts and commercial districts of metro cities for their land value to develop hotels.

- Well-run hotels: that have Hotel Management Agreements (HMAs) and efficient management in place for outright acquisitions, or long-term lease of the underlying asset properties.