De La Warr Group and Shore Capital USA Commit $10 Million Equity for the Building and Development of New Business Hotel Property in Arizona
Washington, DC, May 05, 2014 --(PR.com
)-- The Board of Directors of The De La Warr Group, along with Shore Capital, USA, has agreed to commit the initial 10 million dollars necessary to begin developing new hotel and resort properties. The three states on what is referred to as “The Golden List,” by William De La Warr, Chief Executive Officer of The De La Warr Group, are Montana, Wyoming, and Arizona. “ After a full year of research, these three states are where we feel comfortable focusing our resources. They are all on the financial upswing and are superb areas for investment,” says De La Warr.
The De La Warr Group has offices in Washington, DC, New York City, London, and is now looking to open smaller working facilities in Phoenix, Arizona, and Bozeman or Helena, Montana. These are exceptional areas from which to execute their new directives.
Working with De La Warr's contacts in Europe, the 10 million dollar initial push is only the first drop in the bucket, which promises to be a strong long term push in all of the states mentioned.
“This initial equity placement represents evidence that the influx of foreign capital, is beginning to migrate out of the gateway markets which have become extremely pricey. Relationships play a much larger role in capital formation in less liquid secondary and tertiary markets. Experienced underwriting and property management are essential to achieving operating goals and capital appreciation,” according to Shari Burton, Mr. De La Warr's Executive Assistant, Vice President of Marketing.
De La Warr will be relocating existing executive level employees into the new offices, and will also be hiring from the local workforce. Local Realtors will soon be getting the usual initial contacts as De La Warr seeks to procure offices and property for development. The timetable for these projects is to commence early to middle summer 2014.
About De La Warr Group
Founded in 2006, Washington, DC-based De La Warr Group is one of the country’s preeminent real estate development and investment firms, offering unparalleled expertise in the marketplace. De La Warr has a team of professionals in both the United States and Europe that is unrivaled who, combined, offer fluency in several languages, and come from a wide diversity of entrepreneurial and professional backgrounds.