Philip Wade Email & Phone Number

Orlando, Fl, Us

Orlando, Florida, United States

• Established a hospitality investment and advisory platform, specializing in resorts, boutique hotels, and historic bed & breakfasts in leisure-driven coastal and mountain markets in the Southeastern US and New England.• Provided crucial initial capital support for the development of the {verdigreen} lodging brand and management company - https://www.verdigreenhotels.com.• Collaborated with Travis Shelhorse, President & CEO of {verdigreen}, to underwrite and raise capital for {verdigreen}'s boutique hotel portfolio expansion.• Introduced strategic food & beverage partner, Heartwood Hospitality, to enhance operational expertise.

Winter Park, Florida, United States

• Partnered with Andro Nodarse-Leon, Founder & CEO, to raise GP and LP capital for value-add hotel acquisitions across the United States and Caribbean.• Led the acquisition of the 600-acre, 400-room Wyndham Grand Rio Mar Golf & Beach Resort in Rio Grande, Puerto Rico, for $64.25M which was funded through private equity and local bank debt.• Integrated the Rio Mar Resort into LionGrove Hospitality Management's portfolio.• Developed annual investment plans, reviewed monthly performance, negotiated leases, placed insurance, utilized unique Puerto Rico tax credits and incentives, and explored recapitalization.• Reviewed $3B+ in potential acquisition opportunities in the US, Puerto Rico, and the Caribbean.• Enhanced the company's hotel evaluation criteria and management processes.

Orlando, Florida Area

• Founding executive team member of a $3.5B self-advised and self-administered publicly traded lodging REIT with 32 luxury and upper upscale hotels and resorts today, encompassing over 9K rooms across 14 states.• Advised the CEO and Board of Directors on capital allocation decisions and developed investment strategies.• Successfully executed transactions exceeding $7B across the United States over 12 years at Xenia and it's predecessor company Inland American Lodging Group.• Led negotiations for various deal documentation, including confidentiality agreements, letters of intent, purchase and sale agreements, joint venture agreements, management and franchise agreements, ground leases, and loan documents.• Managed the Investments Team, overseeing a range of positions from Vice Presidents to entry-level staff.• Directed cross-departmental efforts to review due diligence materials, operating statements, third-party inspection reports, and cash flow projections.

Orlando, Florida Area

• Founding executive team member of Inland American Lodging Group, a subsidiary of Inland American Real Estate Trust, which was spun off as Xenia Hotels & Resorts on the NYSE in February 2015. • As a member of executive leadership, oversaw a $5.0B lodging portfolio of 150 hotels in the midscale, upscale, upper upscale, and luxury segments across the United States. • Advised the lodging CEO and Inland American Board of Directors on capital allocation decisions and developed investment strategies for the lodging platform.• Successfully executed the disposition of a $1.1B portfolio of 52 select service hotels in 2014 prior to publicly listing the premium Xenia portfolio.• Collaborated in developing the corporate branding and identity, legal framework, policies and procedures, SEC listing documentation, and launch strategy of the new public company.

Greater Atlanta Area

• Arranged underwriting activities and initiated an internal asset management strategy for private equity funds administered by The Procaccianti Group, a prominent integrated hospitality owner, manager, developer, and franchisee.• Collaborated with the Chief Investment Officer in the Atlanta satellite office to develop annual investment plans, disposition strategies, return on investment analyses, development proformas, and a portfolio recapitalization.• Assessed $15B+ worth of potential acquisition opportunities in primary and secondary markets across the United States, including single asset sales, portfolio transactions, and privatizations of public entities.• Formalized the due diligence and investment approval processes, resulting in the successful acquisition of nearly $1B in lodging assets, doubling the size of the company's portfolio in under 2 years.

Orlando, Florida Area

• Lead feasibility analyst, under the Chief Investment Officer and President, contributing to a $4B+ increase in the hotel portfolio of a public, non-traded Real Estate Investment Trust (REIT) in under 3 years, in preparation for a planned 2004 listing and an alternative liquidity event in 2007.• Analyzed $10B+ of potential acquisitions and development opportunities across primary and secondary markets within the United States, Europe, and Canada.• Extensively traveled to conduct independent market due diligence and create cash flow projections in Excel.• Played a substantial role in coordinating and contributing to the creation of deal documentation, including documents for single asset and portfolio transactions, public entity mergers and acquisitions, as well as innovative agreements for joint ventures, management, and loans.

New York, New York, United States