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Representative
Engagements
Mr. Moeckel has advised and invested with a diverse roster of clients
and partners including many of the country’s most notable hotel
and investment companies, real estate development concerns and
financial services institutions. Representative
assignments
follow:
Acquisition
Services
The
Lodging
Opportunities Fund (LOF) engaged Moeckel & Co. to
assist
with the completion of the fund’s investment cycle through the
identification and negotiation of hotel acquisitions on a nationwide
basis. This year-long mandate led to the successful
completion of
the fund’s investment cycle and to Moeckel becoming a partner in
the acquired hotels.
He was later admitted as a founding general partner in Thayer Hotel
Investments, L.P. and its affiliate Thayer
Lodging Group,
where he served as Chief Investment and Acquisitions Officer for Thayer
Hotel Investors II, the successor fund.
Thayer
Capital Partners retained Moeckel & Co. to assist
in its
successful acquisition with Marriott International of the Ritz-Carlton
Hotel Company from its primary shareholder, William B.
Johnson.
Fred Malek led a team, originally comprised of Thayer Capital, Richard
Rainwater and Ray Chambers, in acquiring the company; later bringing in
Marriott International as a partner to conclude the transaction.
Hampton
Inns, Inc. retained Moeckel & Co. as
an independent
development consultant to identify and negotiate the acquisition of
sites for parent company hotel development in the southeastern United
States.
Brokerage
& Asset Management
The Bank
of Boston
(now Bank
of
America) retained Moeckel & Co. in both the asset
management
and exclusive listing to sell the Westin Hotel
at Lenox
Square in Atlanta. The Bank foreclosed on the
asset and
successfully concluded an all-cash sale of the hotel to Marriott
International
with Moeckel acting in both an asset management and brokerage capacity.
Various land owners also engaged Moeckel & Co. to assist with
the
sale of their real estate to hotel companies as a broker, resulting in
sales to Homewood
Suites, Hampton Inns, Amerisuites and Marriott International.
A major diversified real estate company whose hotel affiliate owned and
managed four underperforming hotels engaged Moeckel to formulate and
implement a plan to transition them out of the hotel management and
ownership business. The hotels were dispersed throughout the
southeastern U.S. and represented an aggregate value of $100 million.
Other brokerage assignments included exclusive listings to sell the
Guest Quarters hotel in Atlanta for Equitable
Real Estate
Investment Management, Inc., the Palm Beach Hilton for Westinghouse
Credit
Corporation and Palm Beach Innkeepers, the Hyatt Regency
in
Savannah in a joint listing with Cushman & Wakefield and the
50-acre tract of land adjacent to Amelia Island Plantation for Pope
& Land
Enterprises. These were undertaken in 1991 and 1992 at a
time of
severe capital market distress and did not result in sales during the
listing period.
Teachers
Insurance & Annuity Association (TIAA) retained
Moeckel
& Co. in an exclusive advisory capacity to participate in the
year-long restructuring of their $1.8 billion hotel loan
portfolio. Moeckel conducted a comprehensive review of the
portfolio and participated in asset management, loan evaluations and
workouts with borrowers and hotel management companies. The
hotels were dispersed throughout the U.S. and included such brands and
managers as Ritz-Carlton,
Hyatt, Westin, Hilton, Sheraton, Marriott, Intercontinental and Vista
International.
Recreational
Real Estate
Chaffin
Light Associates engaged Moeckel & Co. to identify
new
marketing initiatives for their Spring Island, Callawassie Island and
Chechessee Creek Club developments in the Lowcountry of South
Carolina. Following an exploration of new organizational
structures and local and regional alliances for the marketing teams,
Moeckel led the restructuring of the sales organizations and
implemented broad new marketing initiatives for homes, home sites and
memberships as President of a newly formed consolidated real estate
sales entity.
Radnor/Smith
Partnership retained Moeckel & Co. to advise them
on the
investment and operational considerations associated with their
proposed acquisition of a major southeastern resort community.
As a principal with Laventhol & Horwath in the early 1980’s,
Moeckel advised numerous developers over the years on resort,
recreational, hotel, condominium hotel and related amenities
development on Hilton Head and Kiawah Islands and in Myrtle Beach,
Charleston, Savannah, San Destin, Sea Island, Jekyll Island and the
mountains of North Georgia and North Carolina.
Advisory
Sovran
Bank
engaged Moeckel & Co. in an advisory capacity regarding special
assets in the southeastern United States. The assignment involved the
formulation of appropriate franchise affiliations, capital
improvements, management and marketing strategies, and a disposition
plan to maximize the bank’s position in the hotel assets.
Moeckel & Co. has also represented four different law firms and
their clients in a litigation support capacity including Hilton Hotels
Corporation in a dispute with the Kuwaiti Investment Group in Atlanta
and Spencer
Fane
Britt & Brown in Kansas City.
The State
of
Michigan Public Employees Retirement System engaged
Moeckel
& Co. as an advisor to identify the market, investment and deal
structure considerations attending a proposed joint venture with
Portman Properties for the development of a luxury hotel in an existing
mixed-use development owned by the fund in Atlanta.
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