Assignment Overview
RobertDouglas represented The Mirbeau Companies in arranging a strategic capital partnership with EPR Properties, providing $77 million in convertible mortgage financing to recapitalize Mirbeau’s existing portfolio, as well as more than $47 million of forward funding commitments to finance the brand’s expansion regionally and nationally.
Project Overview
Designed to be the dominant, destination resort and spa for their regional marketplace, Mirbeau debuted in 2000 with the first property in Skaneateles, New York and has since gained global recognition, consistently ranking among the Top 100 Hotels in the World each year. With existing hotels in New York and Massachusetts, and a proposed hotel outside of Philadelphia, the brand is positioned to grow rapidly in the Northeast, Mid-Atlantic and Midwest.
Serving as the owner, developer, and manager, The Mirbeau Companies LLC (“Mirbeau”) oversees a distinguished portfolio of boutique, high service, lifestyle spas and resorts. Throughout the past decade, they have adeptly executed this integrated concept, effectively establishing their presence across three existing resort properties and one day resort.
Deal Highlights
| Client: Lender: Debt Proceeds: Key Count: | The Mirbeau Companies EPR Properties $77.0 million 133 |
