We Know Hotel Deals.
What We Do Better
We know people, but as importantly, people know us. We have worked with every major brand and have unparalleled access to CEOs, financing, construction, and design experts.
Optimal Deal Structuring
TCOR is a hotel acquisition platform led by Tom Corcoran.
We are a team of three partners who have deep experience in hotel asset-management, hotel sales, hotel acquisition and property improvement.
It is the mission of TCOR to acquire hotel properties that
- Satisfy TCOR’s disciplined scrutiny. Branded premium select service hotels in thriving markets with demonstrated opportunities for NOI improvement.
- Provide opportunity for TCOR to hire best in market management companies under TCOR’s rigorous and relentless oversight of the property level sales and operations teams.
- Achieve maximum value and are well positioned for resale within 3-5 years.
NEED TO KNOW
Leadership of Tom Corcoran provides a broad reach within the industry, combined with management and transaction experience.
Unparalleled aggressive asset management experience.
Profitability of select service platform.
All partners, combined, have acquired, and owned over $5 billion of hotel real estate.
Extensive development and product improvement plan (PIP) experience.
We know people – and people know us.
Branded, premium select service hotels in markets with highly diversified demand generators.
Targeting 16%-18% levered IRR.
$10 million to $20 million purchase price; $3 million – $7 million in equity.
Performing assets with current cash flow, including value add renovation opportunties.