Highest target IRR, highest minimum ticket. Full operator partnership with regional hospitality operators in the Wynn corridor. Run the hospitality cap stack live in our JV Simulator on the call
Investors commit, capital escrowed pending SPV formation
Dedicated SPV with formal governance and reporting cadence
Land transferred into SPV, NOC and trustee scheduling
Built and operated — operator manages, quarterly performance reports
Distributions through the preferred-return waterfall
20–24%
Target IRR
1.8×–2.1×
Equity multiple
4–6% during stabilisation
Cash-on-cash
3–5 years
Hold period
All ranges placeholder Actual targets vary by deal
Capital providers receive preferred return before sponsor promote — typically 8% pref ${placeholderFlag()}
Sponsor promote only kicks in after preferred return is paid in full. Misalignment is structural, not contractual
Modelled at base, bear, and stress cases. The deck shows what happens if sales slow, costs rise, or exit cap softens
Beachfront RAK landowner Partner details placeholder
Regional hospitality operator with active resort assets in the UAE Partner details placeholder
Hotel pre-opening specialist managing FF&E and OS&E Partner details placeholder
3-tranche call. Tranche timing tied to construction milestones (groundbreaking, structural completion, fit-out)
Asset sale at stabilised year (year 3–5)
Hold for income with operator
Sale-leaseback to operator parent
| Item | Value |
|---|---|
| Total raise | AED 35M undefined |
| Land contribution | AED 12M (appraised) undefined |
| Build cost | AED 18M undefined |
| Sponsor promote (above pref) | 20% undefined |
| Target exit value | AED 52M undefined |
| Modelled IRR (base) | 20.5% undefined |