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PRACTICE AREAS

ABOUT
TRELI

TRE Lodging Investors, LLC. (TRELI) was formed in 2020 as the logical next step in the progression of the T.R. ENGEL Group (www.trengelgroup.com), a family-owned, lodging-focused asset manager that has been advising institutional hotel owners for multiple decades. 

 

The continuing weakness in group and business travel, combined with excess leverage and a national oversupply of guest rooms, provides one of the most favorable entry points in the past several decades to be an investor in hotels.

TRELI is led by Matt Engel, Dan Blum and Tony Harwood, and will acquire distressed limited service and focused service hotels in the United States.  The T.R. ENGEL Group will be providing their resources, relationships, and decades of experience to TRELI.  

 

TRELI may pursue investments through commingled funds or with strategic joint venture partners.  For information on the firm or to discuss the acquisition of hotel properties, please contact;

 

Dan Blum at +1 (713) 252-9546

or dblum@trelodging.com

OUR VISION
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INVESTMENT
STRATEGY

Target assets: 100-300 room limited service and select focused service hotels, with an all-in cost (post renovation) per hotel between $5M - $15M.  TRELI is seeking hotels that derive at least 90% of their revenues from the sale of guest rooms.  TRELI will acquire fee simple assets as well as non-performing loans.

Target markets:  Cities of at least 200,000 residents mostly in the South, Southeast, and Midwestern US, as well as several other strategic locations.  TRELI is targeting submarkets that have been impacted substantially by the recent decline in corporate and group travel.  These submarkets may include demand drivers such as convention centers, universities, amusement parks, arenas, and airports. 

Hampton Inn by Hilton

Fairfield by Marriott

Holiday Inn Express

Comfort Inn

Courtyard by Marriott

Hilton Garden Inn

Hyatt Place

Sample Brands

TRE Lodging Investors, LLC (TRELI) is targeting assets in markets that have been acutely impacted by the slowdown in corporate travel resulting from COVID-19. 

 

A combination of excess supply, low demand, and high leverage, has led to historically high lodging CMBS default rates, particularly in markets driven by corporate travel, conferences and/or group gatherings. 

 

We belief large numbers of deeply discounted assets will be sold in the coming year leading to great opportunities under the right management.      

Image by Marten Bjork

ADDING
VALUE

The main focus of TRELI will be to maximize investor returns.  The first step in reaching this goal is to stimulate customer demand by up-flagging the hotel, amenity reprograming, and maintaining a safe and friendly environment.  Second, is to contain costs by increasing labor and maintenance efficiencies while streamlining services, all of which can be enhanced through investments in state-of-the-art technology.

TRELI will leverage the extensive relationships and broad-based lodging expertise of the T.R. ENGEL Group (“TRE”) to implement all repositioning plans.   TRE has operated and/or managed hotel assets in all of the top 25 U.S. markets, as well as Europe and the Middle East. 

 

www.trengelgroup.com

ADDNG VALUE
ATTORNEYS

OUR TEAM

Matt Engel

MATTHEW ENGEL

Director of Acquisitions and Asset Management

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Dan Blum profile picture

DAN BLUM

Director of Finance

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Tony Harwood profile picture

TONY HARWOOD

Investment Committee Chair

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Chris Galloway

CHRIS GALLOWAY

Investor Relations

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Jim Flynn profile picture

JIM FLYNN

Senior Asset Manager

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Dan O'Brien profile picture

DAN O'BRIEN

Junior Analyst

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Leon Pan profile picture

LEON PAN

Analyst

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617.451.1701

lpan@trelodging.com

Tom Engel

TOM ENGEL

Advisory Team member & Chair of the TRELI Asset Management Committee 

Cynthia Photo (1).jpg

CYNTHIA GOLUB

Advisory Team member

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Fabian Pal profile picture

FABIAN PAL

Advisory Team member

Ana Sterling profile picture

ANA STERLING

Advisory Team member

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CONTACT
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OUR ADDRESS

Boston Office                                     

1320 Centre St, Suite 304                  

Newton Center, MA 02459

Tel: +1 617.451.1701

 

Houston Office

1800 Bering Drive, Suite 945

Houston, TX 77057

Tel: +1 713.252.9546

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