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Thompson DeWitt Financial Group

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Thompson-DeWitt Financial Opens $50,000,000 Mezz Fund for Caribbean Hotel & Resort Properties Impacted by the 2017 Hurricane Season


Thompson-DeWitt's Caribbean Based Hospitality Divison Creates Capital Fund to Assist Hotel & Resort Owners in Rebuilding After the Recent Devastation Across the Region.

Thompson-DeWitt Financial Opens $50,000,000 Mezz Fund for Caribbean Hotel & Resort Properties Impacted by the 2017 Hurricane Season
New York, NY, September 23, 2017 --(PR.com)-- New York's Thompson-Dewitt Financial Group has created a $50,000,000 mezzanine financing fund for it's Eastern Caribbean based hospitality division. The fund will be used primarily to assist Hotel & Resort operators in the region to rehab or rebuild after Irma swept through the area causing widespread damage. The fund is designed to assist owners of properties that were operational and profitable prior to suffering losses to the recent hurricanes in rebuilding and getting back to business as usual. Company spokesman Ryan Smith says the fund will help uninsured & underinsured property owners cover any shortfalls in the rebuilding process by providing necessary funding in a mix of debt and/or equity. He further states that underperforming properties can also utilize the fund by engaging the company's hotel management services in conjunction with an equity play. Company Director Rob Thompson says, "The region depends on a tourist economy that will be potentially non existent if we don't all pitch in to help."
Contact Information
Thompson DeWitt Financial Group
Robert Thompson
212-652-2646
Contact
www.tdcapitaladvisors.com

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