What Target IRR Before Your Family Office Underwrites Your Project?

@aribali

Member
Anybody else feeling like their dad's family office is fighting tooth and nail to not underwrite a sick deal I proposed despite having an elite background (WHYP 4.0 -> CVP/PJT/GS/MS)?

For context my proposal is a high-end boutique luxury hotel in core Tier 1 city with highly automated ("AI-powered") maintenance/services to reduce overhead while cross-selling on-site luxury car/chauffeur rentals (think business travellers in a Manhattan 5-star hotel renting a RR Phantom + driver for a week).

Cheque size would be like 20-25 mil and IRR would be in high teens with 3.0x+ MOIC upon exit to a strategic at a higher multiple in 5-10 years.

Initial asset is a flagged upscale (Marriott/Hilton) site with some renovations/capex needed to boost to top tier status.
 
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