SOURCE: DPG Investments, LLC and Affiliates

DPG Investments, LLC and Affiliates

August 18, 2014 14:44 ET

DPG Investments, LLC and Affiliates Structure Over 95 Percent of Capital Stack for Phoenix Hotel Acquisition

SCOTTSDALE, AZ--(Marketwired - Aug 18, 2014) - DPG Investments, LLC and affiliates are proud to announce another successful capital structuring and closing. DPG structured $9 million in limited partner and senior debt capital for the acquisition and renovation of a full service commercial hotel in Phoenix. DPG financed in excess of 95 percent of the costs. The property contains 284 rooms as well as restaurant, meeting and banquet space. After renovation the property will be flagged with a national brand.

Dan Galvanoni, DPG Chairman, commented, "This property is a hidden gem, with significant opportunity to create future value. The sponsor negotiated and purchased this asset at an excellent basis, way below current replacement values. I have a long-term business relationship with the operating partner. His values align with DPG's, hence our ability to structure this high-leverage financing for which a commitment was issued within 45 days of our term sheet."

Joe Joseph, DPG's managing director of real estate finance, observed, "From the moment I walked into the property I recognized the excellent potential."

About DPG: DPG Investments, LLC and its affiliates provide global alternative investment management and advisory services. With offices in Arizona, California, Connecticut and Georgia, DPG was founded in 2004 from a top tier family office. DPG is a recognized, premier multi-strategy global private equity, merchant banking, alternative investment, and multi-family office advisory firm.

DPG's diversified private investor base is comprised of a select group of cutting-edge ultra-high net worth and high net worth private family offices, offshore affiliates, private equity firms, public capital corporations, top tier hedge funds, insurance companies, endowments, pension plans and various best-in-class operating partners. As a financier, investor or merchant banker structuring in excess of $1 billion in capital commitments since 2004, DPG currently has 26 private equity holdings with a current focus in global consumer finance products, financial services, specialty finance platforms, real estate, alternative energy, oil and gas, natural resources, entertainment and media, special situation and distressed investing, selective venture capital, direct private lending, structured credit products and fund vehicles.

DPG takes pride in delivering customized capital solutions in a disciplined entrepreneurial system.

The statements contained herein may include statements of future expectations and other forward-looking statements that are based on management's current views and assumptions and involve known and unknown risks and uncertainties that could cause actual results, performance or events to differ materially from those expressed or implied in such statements.

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