PivotPt
The Management Fee That Disappears From the Expense Statement
The fee is in there. It is just not on the line that says fee. Every hotel is managed by…
Category
Platform
5 articles
PivotPt
Why We Built Our Own Platform: The Case for Proprietary Underwriting Infrastructure in Boutique Hotel PE
When we started building PivotPt Capital’s deal infrastructure, the obvious path was the one every other small PE fund takes:…
PivotPt
The Three-Gate Framework: How We Decide Which Hotels Are Worth Buying
We look at a lot of hotels. Offering memoranda, broker introductions, off-market leads from operators who’ve heard what we’re building:…
PivotPt
The Asset We’re Actually Buying: Why Guest Experience Is a Financial Variable
Every boutique hotel acquisition thesis eventually comes down to a question that doesn’t appear on a spreadsheet: is there something…
PivotPt
The OM Variance Problem: Why Boutique Hotel Broker Pro Formas Are Almost Always Wrong
Every boutique hotel deal we underwrite begins the same way. A broker sends over an offering memorandum. We read it…