Real Capital Solutions and Prism Hotels and Resorts Collaborate on $200 Million Fund Initiative

Powerhouse companies join forces to identify and purchase hotel properties in Permian Basin

. September 22, 2016

DALLAS, TX. September 22, 2016 - Dallas-based Prism Hotels and Resorts announced today that they have partnered with Louisville, Colorado-based Real Capital Solutions in a $200 million investment fund initiative where Real Capital Solutions is poised to purchase hotels located in the Permian Basin in Texas, as well as other oil & gas demand-driven markets. In addition to these properties in oil patch markets, the fund is also pursuing upscale full service hotels in major oil and gas hubs nationally including Houston, Oklahoma City, Tulsa and Lafayette, Louisiana. Marcel Arsenault, Chairman and CEO of Real Capital Solutions and Prism Hotels and Resorts' President and CEO Steve Van jointly made the announcement.

“Prism's team of highly knowledgeable hotel experts—and their deep understanding of the Texas market—made strategic sense to partner with as we launch this initiative,” said Arsenault. “Their hotel expertise and relationships nationally and in Texas coupled with our innovative investment strategy is sure to make for a meaningful association as we pursue this critical region ripe with possibilities.”

This opportunistic fund is the marrying of Real Capital Solutions' macro oil prediction and financial resources and Prism's expertise in managing successful hotel operations. Arsenault, (who initially made his wealth during the savings & loan crisis), believes the time for investment is right due to the current state of the hotel industry and the timely opportunity to secure great properties with a bright future ahead. Arsenault and other experts believe that the price of oil will recover within the next two years to $60-65/bbl. “We believe hotel fundamentals will improve when drilling recovers,” he observed.

“Working hand-in-hand with Marcel and his outstanding team at Real Capital Solutions will create an unmatched chance for Prism to provide RCS with hotel industry and geographic market intelligence,” Van said. “The Permian Basin is the richest area of oil and gas in the United States with a vast established infrastructure. Marcel has a way of fundamentally understanding timing and market conditions and as we watch this area continue to evolve for the better, now is the perfect time for action.”

Arsenault is one of the largest and most active private owners of commercial real estate in the United States. In 2005, he authored an internal paper titled “Housing Causes Hard Landing,” predicting the housing crash and subsequent problems in the financial industry. More recently, he predicted the downturn in oil prices, but the collapse went much deeper than he projected.

For questions and additional information, please contact Kevin Gallagher, SVP of Business Development at Prism Hotels & Resorts at 214.257.1039.

About Real Capital Solutions

Real Capital Solutions was founded by Marcel Arsenault in 1984. Over the past 30 years, the Company has evolved from the dominant regional real estate investment company into a nationally-focused investor of value-added, workout, development and distressed assets. Over the past three years RCS has acquired or committed development capital to over $1.6 billion of commercial, condominium and homebuilding projects across the United States and in Spain. Please visit our website at www.realcapitalsolutions.com.

About Prism Hotels and Resorts

Prism Hotels & Resorts was founded by Steve Van in 1983. As an award winning full service hotel management, investment, and advisory services company, Dallas-based Prism has developed a reputation for operational excellence by increasing hotel performance and delivering measurable results. With 30 years of experience, Prism leverages top industry talent to produce a best-in-class experience that extends from the front desk to the bottom line. Prism currently manages more than 25 hotels for multiple institutional and private owners including urban, suburban and resort destinations. The company has expertise managing all major brands as well as independent destination hotels. For more information, please visit www.prismhotels.com.

Business Contact:

Morgan Mark
T: 2482582333
E: [email protected]

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