Fort Lauderdale, FL— Frank Nardozza, most recently national practice leader of real estate and hospitality consulting for KPMG Consulting, and former partner in KPMG, LLP, has left to launch of REH Capital Partners, LLC, a “nationally focused real estate and hospitality investment and business advisory services firm.” Nardozza said he is making the move “to capitalize on investment opportunities in this down market and to deliver ‘Big Firm’ oriented professional services to clients through a smaller boutique firm format.” REH launches with two office locations, in Fort Lauderdale, FL and Stamford, CT. Nardozza as chairman and CEO of the REH will head the Fort Lauderdale office; his partner Jim Fitzgerald, a 25-year veteran of the real estate and hospitality industries, will head the Stamford office and serve as chief investment officer. Rounding out this venture are three other equity partners and a staff of six professionals with plans to grow to 20 by year-end. “Our immediate focus”, according to Frank Nardozza, “will be on making principal investments together with other private equity sources in ‘turn-around’ hotel and resort opportunities throughout the United States, as well as providing consulting advisory services to owners and lenders of troubled real estate and hospitality assets and companies.” Nardozza said REH Capital Partners will also provide a focused range of transaction and business consulting services to both public and private sector clients including workouts, due diligence, portfolio analysis, deal structuring, litigation support, economic analysis and operational performance improvement. “We are also in process of formalizing plans to launch a medium sized, $70 to $80 million, hotel and resort investment fund and we are proactively seeking assets for acquisition”, said Fitzgerald. “We would also entertain providing mezzanine funding in exchange for a controlling ownership interest in a troubled asset to allow an existing owner to stay in the deal,” he added. The company recently submitted a $10 million bid to a Japanese bankruptcy trustee to purchase a troubled mixed-use resort and timeshare project in Orlando, and has taken on several other real estate and hospitality advisory assignments.
Previous ArticleHoliday Inn Launches Road Trip Essay Contest
Next Article Gaylord Entertainment Reports Increased 4Q Revenue