SRR announced today that its client, William Cole Companies (William Cole), a preeminent developer and owner of commercial real estate and hospitality properties, has closed on a construction loan from Romspen Investment Corporation (Romspen) for the financing of a 106-room boutique hotel and spa at the base of Red Mountain Resort in BC, Canada. SRR served as exclusive financial advisor to William Cole in connection with the financing.
Mr. Joshua Fox, Managing Director and head the Real Estate, Lodging, and Leisure practice within SRR's Investment Banking Group led the execution of the transaction. "We are very excited about the upcoming opening of the hotel. SRR’s work quality, dedication, sophistication, and creativity were instrumental in completing the construction loan,” said Mr. Clements, Founder and President of William Cole. “As one of the few boutique hotels to be built in a mountain resort since the financial crises, it will add much needed bed base to one of North America’s largest and most unique mountain destinations,” added Mr. Fox.
SRR’s Investment Banking Group is dedicated to serving diversified industries including companies, such as William Cole, that operate within the lodging and leisure sector. SRR focuses on mergers, acquisitions and capital raising for middle market businesses, private equity portfolio companies, family-owned businesses and public companies in a wide variety of industries. SRR has extensive experience providing investment banking, valuation and financial opinions, and dispute advisory and forensic services for numerous private middle market businesses, as well as publicly traded companies. For more information, visit http://www.srr.com/services/investment-banking.
About Stout Risius Ross
SRR is a global financial advisory firm specializing in Investment Banking, Valuation & Financial Opinions, and Dispute Advisory & Forensic Services. Our clients rely on our premier expertise, deep industry knowledge, and unparalleled responsiveness on complex financial matters.
SRR is a trade name for Stout Risius Ross, Inc. and Stout Risius Ross Advisors, LLC, a FINRA registered broker-dealer and SIPC member firm.