Scottsdale, Az.-based DPG Investments and its affliates provided $2.25 million as part of a $2.5 million equity round raised by KAJ Hospitality, a South Dakota outfit focused on hospitality management and investments. KAJ will use the capital to acquire a Wichita, Kansas-based Holiday Inn Express.
DPG Investments, LLC, and affiliates announced today the successful closing of a $2.5 million equity investment, which provided 90 percent of the equity required for KAJ Hospitality’s acquisition of the Holiday Inn Express located near the airport in Wichita, Kansas.
KAJ, based in South Dakota, is focused on select service hospitality management and investments.
“KAJ negotiated a strong purchase with compelling cash-on-cash yields. DPG looks forward to financing multiple hotel acquisitions for KAJ in the future and continues to see significant value in the $1 million to $15 million lower-middle market allocations that need expedited capital,” said Dan Galvanoni, chairman and CEO of DPG Investments.
DPG is focused on providing entrepreneurial private capital to operating partners across various strategies including, but not limited to, real estate, corporate private equity, alternative energy and specialty finance vehicles.
About DPG: DPG Investments and affiliates provide global alternative investment management and advisory services. With offices in Arizona, California and Georgia, DPG specializes in the allocation of capital across various asset classes on behalf of its select ultra-high net worth family offices and institutional private equity managers. DPG’s current focus in the alternative investment sector includes real estate lending and acquisition, renewable energy and natural resources, corporate private equity, asset management, fund-to-fund advisory and venture capital. Through its solid platform and disciplined approach, DPG maintains a predominant foothold in the capital markets, trafficking significant and high-quality opportunities on a consistent basis.
Currently, DPG works principally and in conjunction with its numerous domestic and international capital partners, which service a diverse scope of transactions on a co-investment and allocation basis. These partners include hedge funds, REITS, equity portfolios, private merchant banks, pension funds and life insurance companies. DPG maintains a strong focus on ultra-high net worth family office partnerships throughout the U.S., Asia, Latin America and Europe.
The statements contained herein may include statements of future expectations and other forward-looking statements that are based on management’s current views and assumptions and involve known and unknown risks and uncertainties that could cause actual results, performance or events to differ materially from those expressed or implied in such statements.