RHF originated a debtor-in-possession loan, leading to the acquisition of the leasehold interest in the property twelve months later. RHF subsequently completed a $7,000,000 renovation, including improvements to the guestrooms, corridors, public areas, and equipment. RHF was able to identify several areas to add value, including renovating lobby retail stores and adding for rent office suites, a gym, and a multifunction room. The firm held the asset for an 8-year period stewarding the property though the “Great Recession”, exiting the deal in 2014 and generating an IRR to investors of over 21%.