Hilton Guam Resort & Spa
Size of property35 acres
Acquisition Cost$45 million including renovation costs
Keys650 rooms in three towers on 35 acres of prime beachfront.
What we accomplished
We raised $45 million from a US private equity fund and a major Japanese bank lender for the acquisition and renovation. This was the first major investment in Guam by a US private equity fund, and it was due to our ability to persuade them of the merits of this project. Our renovation plan was executed, and the hotel sold for $75 million within three years.
Pacific Island magazine was so impressed by Alchemy Resort’s David Wickline and his investment strategy which led the Guam economic recovery, that it named him “One Of the 25 Most Influential People” in Asia Pacific. Read Less