Third hotel acquired by the real estate acquisition & development firm within a three-year span
Washington DC, January 18 — With a new year, comes new goals. One of which TLTsolutions has already accomplished. The real estate acquisition and development firm, along with its pool of investors, Waldorf Arete, recently closed on the reputable Courtyard by Marriott Waldorf in a suburb of Washington D.C. The acquisition of the ninety-one room hotel is yet another successful venture as the company continues to make significant strides. The closing follows the purchase of two previous hotel projects: Hampton by Hilton Waldorf and the Largo Doubletree Hilton-a joint venture, both located in Maryland.
With more than $30M in real estate assets in four states, and nineteen properties that range from luxury vacation rental condos to single-family homes and hotels, the organization continues to create opportunities for current and potential equity partners to diversify their portfolios. Investors can come in with a minimum of $50,000, making the venture obtainable to middle-class households. Additionally, through self-directed IRA, potential investors are able to use their retirement funds to invest in projects.
TLTsolutions is led by founder, Tracy Prigmore. Prior to entering real estate development, Prigmore spent twenty-five years as a healthcare executive and held senior leadership roles in strategic planning, business development and operations for three of the nation’s largest healthcare systems.
“It is gratifying to be able to equip people with the skills and confidence needed to become astute investors in their futures. We structure the investments so that aspiring individuals, families and small entities can participate and link arms with us to create passive income. We do all the heavy lifting—from acquiring the property and guaranteeing the loan to strategically managing the asset and overseeing the day-to-day operations. We do the work so that our investors can find peace in building generational wealth,” said Prigmore.
On January 26, Prigmore will host 40 investors during an Annual Partnership Meeting and Networking Reception at the Hilton Innovation Gallery. During the event, she will introduce the current and evolving innovations in hospitality, review the return on investment for recent projects and continue to educate investors on real estate and investing.
“There are not many people who are part owners in hotels, or who have access to these kinds of life-changing opportunities. It is equally humbling and rewarding to be a part of something bigger than myself. TLTsolutions allows me to invest in the hotel industry without having to deal with the chaos that can sometimes arise from direct property management,” comments current investor Al-Tariq Harris.
To learn more about TLTsolutions, visit: www.TLTsolutions.net.
About TLTsolutions: Founded in 2004, TLTsolutions is a real estate acquisition and development firm that links people together to acquire residential and commercial real estate.Its mission is to empower investors to create generational wealth through education and real estate ventures.