Elise Capital Quarterly Journal: Q4 2023
A Year In Review
2023 has been an impactful year as year four of Elise Capital! From new acquisitions to expansion of services, we have continued to accelerate our mission of redefining the face of hotel ownership.
Portfolio Growth
In 2023 we acquired our third asset, the Holiday Inn Express at the John C Stennis Space Center in Picayune, MS. A milestone acquisition, this was our first with the IHG franchise. In addition to portfolio expansion, portfolio performance grew as well.
2023 by the Numbers
Keys: 227 {+42%}
RevPAR Index: 171.5 {+4%}
NOI Margins: 25% {+1.5%}
Cash on Cash Return: 17% {+3%}
Industry Presence
In 2023 Elise Capital was well represented throughout the industry at numerous conferences, summits, seminars and events. Our Founder + CEO Kendra Plummer was a featured speaker at 8 national and international conferences. Kendra was also awarded the NABHOOD Outstanding Hotelier of the Year award at this year’s conference!
Incubator Launch
Elise Capital operates through three platforms of Investments, Advisory and Education. In our education arm we launched our Incubator program which guides participants through the hotel ownership process as a cohort. In 2023 our program has had 8 participants coming from varying levels of experience in the industry. To learn more about our program click here!
Advisory Expansion
Hearing the needs of gaps of support in the industry, we revamped our advisory services in 2023 to better service incoming and developing hotel owners. Our services now include a la carte options and full packages for those who need more support in all stages of the hotel investment process. Interested in advisory services? Click here to learn more.
Empowering the Next Generation
This past year we brought on interns representing three universities. Focusing in Asset Management, Acquisitions and Investor Relations, our interns received a first hand experience in the hotel investment industry.
“It's harder to stay on top than it is to make the climb, Continue to seek new goals.” - Pat Summitt
Thank You
Elise Capital is a firm powered by our community. Thank you for your continued support in our journey. We look forward to continuing our quarterly updates with you. More to come!
Hospitably,
Kendra Plummer
