ALT+H CAPITAL

Professional. Reliable. Partners.

At Alt+H Capital, we use our deep expertise in real estate, debt investments, lease structuring, and hospitality to identify and create sustainable value.

Hotel Pool
 
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COVID-19 UPDATE

Given the ongoing COVID-19 pandemic, Alt+H Capital has suspended investments in the apartment hotel sector. Our focus has shifted to providing rescue capital for the hospitality industry, distressed debt investments and workouts, and transaction advisory.

 

THE ALT+H ANGLE

BACKDROP

COVID-19 has caused a sustained pullback in travel and spending across multiple industries, leaving a large liquidity gap for undercapitalized owners and operators. To survive these times, landlords and business owners are seeking to restructure their obligations and to raise creative capital to provide a runway to recovery.

WHY HOSPITALITY

COVID-19 has hit high contact industries particularly hard, with hospitality experiencing a swift and deep revenue crisis. This is a unique environment for a complex asset class with immense needs, providing a rare opportunity for disciplined deployment of capital into quality hotels with sound long-term fundamentals at a good basis.

THE ALT+H ANGLE

Alt+H has expertise across the value-chain of hotel and structured investing, and partners with best-in-class operating partners in order to maximize returns while minimizing risk.

 

OUR OFFERINGS

RESCUE CAPITAL & DEBT INVESTMENTS

Alt+H partners with institutional and high net worth investors to make bridge liquidity / rescue capital investments and debt purchases in hospitality assets. Alt+H is targeting investments in primary markets throughout North America.

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Hotel Pool

RESTRUCTURING & REDEVELOPMENT

Alt+H advises investors and lenders on lease and loan restructurings as well as redevelopment of existing properties to alternative use.

LANDLORD CONSULTING

Alt+H consults with existing landlords on underwriting, evaluating, bidding out, and executing transactions.

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If you have an opportunity, please contact us below:

 
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INVESTMENT CRITERIA

BRIDGE LIQUIDITY / RESCUE CAPITAL

  • $5-20MM per Property

  • DIP, Sub. / Participating Debt, Preferred Equity

  • 150-350 keys

  • Limited F&B / Event Exposure

  • Primary Domestic Business Markets

  • Overlooked Drive-to Leisure

DISTRESSED NOTE PURCHASES

  • Non-performing and sub-performing notes

  • Ability to restructure note or convert property to multifamily

ACQUISITION FINANCING

  • High Yield Mezzanine

  • Considered on Select Basis

 

OUR TEAM

Who We Are

NOAH N. WEISS

Founder & Senior Advisor

Noah is responsible for advising the company on sourcing, structuring, and executing investments as well as managing the day-to-day operations of the company. Noah is also the Director of Acquisitions at Atlas Real Estate Partners, where he is responsible for sourcing, structuring, and executing investments on behalf of Atlas as well as overseeing the growth of the company’s hospitality-to-housing investment platform.


Prior to founding Alt+H Capital, Noah was Managing Director | VP of Real Estate Investments at Domio, a rapidly growing apartment hotel operator focused on providing design-forward hotels catering to groups traveling together. While at Domio, he built and led the Real Estate Investments team, overseeing the sourcing, underwriting, negotiation, and closing of apartment hotel transactions nationally. Noah was also responsible for developing Domio’s underwriting standards, sourcing network, and leasing strategies.

Prior to Domio, Noah was a director of acquisitions at Angelo Gordon, a $32 billion AUM alternative investment manager in New York. At Angelo Gordon, he was responsible for originating, underwriting, and structuring real estate transactions in North America and Western Europe as part of the firm’s $1 billion net lease real estate fund.

Before joining Angelo Gordon, Noah worked for Bank of Texas, where he originated, underwrote, and closed commercial real estate loans.  Prior to Bank of Texas, Noah was a senior analyst in the proprietary capital group of MMA Realty Capital.  Noah received a B.B.A. degree from Emory University Goizueta Business School and an M.B.A., with honors, from The University of Chicago Booth School of Business. Noah is a CFA Charterholder.

JEFF CHANG

Director

Jeff is responsible for sourcing, underwriting, and asset managing new investments for the company. Prior to joining the Alt+H Capital team, he was a Vice President at WeWork Rhône Property Advisors (WRPA), which was a private real estate investment joint venture. At WRPA, he focused on identifying acquisition opportunities in the US and assisted with investment management activities including sourcing, underwriting, structuring, asset management, and reporting. While at WRPA, he closed on $850 million in acquisitions.

Before joining WRPA, Jeff was a Director on the investment team at MCR, the fifth-largest hotel owner-operator in the US. At MCR, he was responsible for underwriting and structuring acquisitions, dispositions, and financings. Jeff also assisted with new developments, investor reporting, and the capital markets activities of the firm. While at MCR, he closed on $880 million in acquisitions, $470 million in dispositions, and $100 million in refinancings.

Prior to MCR, Jeff was a Manager in the Transaction Real Estate group at Ernst & Young (EY). At EY, he assisted clients with the evaluation of potential acquisitions, financings, and other strategic transactions. Prior to EY, Jeff was an analyst on the mezzanine financing team at Winston Hotels, which was a publicly traded hotel REIT. Jeff received a B.S. degree from The Hotel School at Cornell University.

AMY SHYR

Director

Amy is responsible for sourcing, underwriting, and asset managing new investments for Alt+H Capital. In addition to her role at Alt+H Capital, Amy is responsible for U.S. real estate acquisitions, dispositions and asset management for a Texas-based family office.


Prior to joining the Alt+H Capital team, Amy was a Director of Investments at Domio, a rapidly growing apartment hotel operator focused on providing hotel accommodations catering to group travel. While at Domio, she was responsible for sourcing, setting underwriting standards, negotiating and closing of apartment hotel transactions nationally as well as forming relationships with owners, developers, and operators of all real estate asset classes.


Prior to Domio, Amy was on the investments team at Brookfield Asset Management, an alternative asset manager with over $575 billion in AUM, where she was responsible and/or assisted on the sourcing, underwriting, due diligence, negotiating and closings on over $1.7 billion in acquisitions for single asset, preferred equity placements, and M&A transactions. Prior to Brookfield, she was on the investments team at Thayer Lodging Group, a hotel investment firm, where she assisted on all investment activities on $500 million in acquisitions and dispositions. Amy received a B.S. degree, with a minor in real estate, from The Hotel School at Cornell University. 

 

SHORT TERM RENTAL (STR) EVOLUTION

From Part Time Local Amateurs to Professional Global Hotel Operators

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STR 1.0
PRE-AIRBNB

Amateur hosts rent homes to guests on ad hoc basis. No reviews, no accountability, no consistency.

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STR 2.0
AIRBNB ERA BEGINS

Airbnb matches renters with hosts, and builds trust with reviews, insurance, and accountability. This leads to growing adoption but little consistency.

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STR 2.5
AIRBNB PERFECTED

Professional managers pounce on lack of quality and consistency in Airbnb guest experiences to create branded STRs. While guest experience enhanced, logistics and landlord issues persist.

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STR 3.0
APARTMENT HOTELS

Economies of scale and superior guest experience is realized with full-building master leases (i.e., Domio Barrone St. becoming #1 hotel in New Orleans in 2019 on TripAdvisor)

 

CONTACT

New York, NY

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