You won't find a more qualified team.
TCOR is a hotel acquisition and valuation-growth, equity company led by Tom Corcoran.
We are a team of three and have deep experience in hotel 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.
- Are exceptionally well managed by professional hotel management companies under TCOR’s vigorous 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 asset management experience and novel approach.
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 highly diversified demand markets.
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.