Hospitality And Mixed-Use Resort Financing And Development
WRC’s vision of the hospitality and mixed-use resort financing and development sector is focused on achieving the primary objectives for each client and each project: market feasibility; product positioning; successful market penetration through seasoned management; and, where appropriate, property sales.
Acting as a contract developer or principal in select engagements, WRC consistently keeps long-range project goals in mind while assisting our clients at any point from project initiation to completion by:
• Determining feasibility
• Conceptualizing and developing project positioning and design
• Providing project and construction management oversight
• Raising equity capital and debt
• Identifying and structuring joint venture partnerships and strategic alliances
• Sourcing management companies, developers, hotel companies and bringing value engineering to the development process
• Marketing and sales of the project’s various real estate components.
Peter A. Griffith is a Managing Director of Whitestone Realty Capital LLC. During his 35-year career in the hospitality industry, he has developed a unique industry perspective and related expertise as a result of his diverse experience in operations, consulting and project development and finance. From 1974 through 1978, Mr. Griffith held both national and property-level management positions in sales and marketing with both Hyatt and Marriott Hotel Corporations. During Mr. Griffith’s consulting career, he was a Principal with Pannell, Kerr, Forster and Senior Principal with Laventhol & Horwath where he was responsible for overall business development and management of each firm’s Northeast Regional Management Advisory Services divisions. During his development career, Mr. Griffith served as Senior Vice President of Mariner Hotel Corporation from 1980-1985 during which time he initiated the development and acquisition of hotel properties valued in excess of $300 million. Mr. Griffith also served as Senior Vice President of Guest Quarters Suites Hotels. Mr. Griffith is also the Managing Member and Founder of Global Renewable Energies, LLC and a Director of the GRE Sustainability Institute which is the planning and execution model for the proposed Whitestone Institutes which will be established in many WRC projects in order to expand each project’s overall economic impact and required job creation. Mr. Griffith is a Graduate of Distinction from Cornell University’s School of Hotel Administration.