August 21, 2009: HVS Capital Corp has been appointed exclusive advisor to SDI Properties Inc. to raise joint venture equity to complete the capitalization of Escala Lodges. Additionally, HVS Capital Corp will be providing strategic planning services in conjunction with its investment banking activity.
Escala Lodges is located at the base of the The Canyons Ski Resort in Park City, Utah. The luxury ski-in/ski-out resort, opened in December 2008, features 85 multiple-bedroom whole ownership residences, with lock-offs providing a total of 178 guestrooms and suites. Escala Lodges will offer a full-service spa, a slope side restaurant and lounge, executive conference facilities and meeting space.
“Escala Lodges is superbly located at The Canyons Ski Resort, which itself is only 30 minutes from Salt Lake City Airport, making it an ideal meeting destination,” explains Jeffrey Duni, vice president of HVS Capital Corp. “And Escala is just 5 minutes from Park City, home of the internationally renowned Sundance Film Festival, among other world-class events, and was the site of several 2002 Olympic competitions.” HVS Capital Corp is the investment banking division of HVS, the leading global hospitality consulting and services firm. HVS Capital Corp’s three core services are financing, investment sales, and capital advisory. The HVS Special Hospitality Assets Group of HVS Capital Corp offers comprehensive services for lenders and borrowers in distressed asset situations. The Group focuses the relevant disciplines of HVS’ global consulting services organization to facilitate workouts of distressed hotel assets. Most importantly, HVS Capital Corp can access the necessary rescue equity to recapitalize the project thereby alleviating the fundamental lack of liquidity in distressed asset situations.
HVS Capital Corp