CIG Companies and our partners are building and developing 40 hotels, which will be handled in project blocks of 10-20 hotels at a time. CIG is planning on issuing notes or bonds to fund approximately 10 hotels every 4-6 months; both CIG and our partners are looking to complete the first 2 blocks of hotels in 2023. The project owner, a large and respected flag hotel chain, is launching a new brand, and CIG is assisting with the scaling, development, and funding of the hotels. The total value of the project is expected to reach over $1,330,000,000, with the estimated start-to-finish construction cost being estimated at $790,000,000. The whole project should take about 5 years to complete, with each hotel taking roughly 12-14 months to complete (construction to opening) and 3-6 months to stabilize. The hotel sector had the strongest performance in all the hospitality markets during the height of the 2020 COVID-19 pandemic. The brand has experienced significant growth in this sector and even had notably substantial growth in 2021 during the COVID-19 pandemic when compared to 2019, pre-pandemic, conditions. With
CIG's Hotel Pipeline
CIG Hotel - EH1
EH1 is a 2024 hospitality project located in Texas. It has a projected stable valuation of $32 million with an expected gross revenue of $4.4 million and NOI of $2.1 million per year. The hotel requires $17 million in total funding; including land and all carrying costs with the whole capital stack. The Sr. Debt has been D-risked and the DSCR is over 3x.
CIG Hotel - EH2
EH2 is a 2024 hospitality project located in Texas. It has a projected stable valuation of $32 million with an expected gross revenue of $4.4 million and NOI of $2.1 million per year. The hotel requires $17 million in total funding; including land and all carrying costs with the whole capital stack. The Sr. Debt has been D-risked and the DSCR is over 3x.
CIG Hotel - EH3
EH3 is a 2024 hospitality project located in Florida. It has a projected stable valuation of $32 million with an expected gross revenue of $4.4 million and NOI of $2.1 million per year. The hotel requires $17 million in total funding; including land and all carrying costs with the whole capital stack. The Sr. Debt has been D-risked and the DSCR is over 3x.
CIG Hotel - EH4
EH4 is a 2024 hospitality project located in Florida. It has a projected stable valuation of $32 million with an expected gross revenue of $4.4 million and NOI of $2.1 million per year. The hotel requires $17 million in total funding; including land and all carrying costs with the whole capital stack. The Sr. Debt has been D-risked and the DSCR is over 3x.
CIG Hotel - EH5
EH5 is a 2024 hospitality project located in Texas. It has a projected stable valuation of $32 million with an expected gross revenue of $4.4 million and NOI of $2.1 million per year. The hotel requires $17 million in total funding; including land and all carrying costs with the whole capital stack. The Sr. Debt has been D-risked and the DSCR is over 3x.
CIG Hotel - EH6
EH6 is a 2024 hospitality project located in New Jersey. It has a projected stable valuation of $32 million with an expected gross revenue of $4.4 million and NOI of $2.1 million per year. The hotel requires $17 million in total funding; including land and all carrying costs with the whole capital stack. The Sr. Debt has been D-risked and the DSCR is over 3x.
CIG Hotel - EH7
EH7 is a 2024 hospitality project located in Missouri. It has a projected stable valuation of $32 million with an expected gross revenue of $4.4 million and NOI of $2.1 million per year. The hotel requires $17 million in total funding; including land and all carrying costs with the whole capital stack. The Sr. Debt has been D-risked and the DSCR is over 3x.
CIG Hotel - EH8
EH8 is a 2024 hospitality project located in California. It has a projected stable valuation of $32 million with an expected gross revenue of $4.4 million and NOI of $2.1 million per year. The hotel requires $17 million in total funding; including land and all carrying costs with the whole capital stack. The Sr. Debt has been D-risked and the DSCR is over 3x.
CIG Hotel - EH9
EH9 is a 2024 hospitality project located in Michigan. It has a projected stable valuation of $32 million with an expected gross revenue of $4.4 million and NOI of $2.1 million per year. The hotel requires $17 million in total funding; including land and all carrying costs with the whole capital stack. The Sr. Debt has been D-risked and the DSCR is over 3x.
CIG Hotel - EH10
EH10 is a 2024 hospitality project located in Ohio. It has a projected stable valuation of $32 million with an expected gross revenue of $4.4 million and NOI of $2.1 million per year. The hotel requires $17 million in total funding; including land and all carrying costs with the whole capital stack. The Sr. Debt has been D-risked and the DSCR is over 3x.
CIG Hotel - EH11
EH1 is a 2024 hospitality project located in Maryland. It has a projected stable valuation of $32 million with an expected gross revenue of $4.4 million and NOI of $2.1 million per year. The hotel requires $17 million in total funding; including land and all carrying costs with the whole capital stack. The Sr. Debt has been D-risked and the DSCR is over 3x.
CIG Hotel - EH12
EH12 is a 2024 hospitality project located in Kentucky. It has a projected stable valuation of $32 million with an expected gross revenue of $4.4 million and NOI of $2.1 million per year. The hotel requires $17 million in total funding; including land and all carrying costs with the whole capital stack. The Sr. Debt has been D-risked and the DSCR is over 3x.
CIG Hotel - EH13
EH13 is a 2024 hospitality project located in Florida. It has a projected stable valuation of $32 million with an expected gross revenue of $4.4 million and NOI of $2.1 million per year. The hotel requires $17 million in total funding; including land and all carrying costs with the whole capital stack. The Sr. Debt has been D-risked and the DSCR is over 3x.
CIG Hotel - EH14
EH14 is a 2024 hospitality project located in Texas. It has a projected stable valuation of $32 million with an expected gross revenue of $4.4 million and NOI of $2.1 million per year. The hotel requires $17 million in total funding; including land and all carrying costs with the whole capital stack. The Sr. Debt has been D-risked and the DSCR is over 3x.
CIG Hotel - EH15
EH15 is a 2024 hospitality project located in Florida. It has a projected stable valuation of $32 million with an expected gross revenue of $4.4 million and NOI of $2.1 million per year. The hotel requires $17 million in total funding; including land and all carrying costs with the whole capital stack. The Sr. Debt has been D-risked and the DSCR is over 3x.
CIG Hotel - EH16
EH16 is a 2024 hospitality project located in Indiana. It has a projected stable valuation of $32 million with an expected gross revenue of $4.4 million and NOI of $2.1 million per year. The hotel requires $17 million in total funding; including land and all carrying costs with the whole capital stack. The Sr. Debt has been D-risked and the DSCR is over 3x.
CIG Hotel - EH17
EH17 is a 2024 hospitality project located in Washington. It has a projected stable valuation of $32 million with an expected gross revenue of $4.4 million and NOI of $2.1 million per year. The hotel requires $17 million in total funding; including land and all carrying costs with the whole capital stack. The Sr. Debt has been D-risked and the DSCR is over 3x.
CIG Hotel - EH18
EH18 is a 2024 hospitality project located in Nevada. It has a projected stable valuation of $32 million with an expected gross revenue of $4.4 million and NOI of $2.1 million per year. The hotel requires $17 million in total funding; including land and all carrying costs with the whole capital stack. The Sr. Debt has been D-risked and the DSCR is over 3x.
The details of each hotel and the brand itself aren’t displayed based on mutual non-disclosures. For specific questions for any other details please reach out to CIG.
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Speak with one of our CIG team members to learn more about our funding programs and models. Together we will find or create a model that is right for you.