The Clearwater
Flagship.
Acquiring & repositioning 504 S. Gulfview Boulevard into a Wyndham-flagged lifestyle hotel, steps from America's most-requested beach.
Powered by Rentyl Resorts · Wyndham Distribution
66
Keys
$20.5M
Total Investment
$230
Stabilized ADR
$29.9M
Est. Stabilized Value
The Wyndham Grand,
Next Door.
Positioned adjacent to the most requested hotel in Wyndham's loyalty system. When the Grand is sold out, 122 million rewards members actively seek nearby alternatives. Our property sits steps away. The overflow, and the value-tier companion play.
122M
Active Wyndham Rewards Members, Globally
$500–$1,000
Peak Nightly Rate at the Adjacent Grand
30 min
Drive From Tampa International Airport
#1
Most-Requested Hotel in Wyndham Rewards
66 keys. Gulf-to-bay.
A private marina dock.
Location
504 S. Gulfview Boulevard, prime beachfront strip
Keys
66 rooms, boutique scale within a major resort corridor
Water Access
Intracoastal waterway + Gulf of Mexico, private marina dock
Beach Rating
#1-rated beach in the United States (TripAdvisor)
Drive Market
Tampa International. 30 minutes. Strong leisure demand.
Scale Advantage
Low-rise footprint amid high-rise resorts. Authenticity.
Acquisition Snapshot
$15.5M
Price
$5.0M
Renovation
$20.5M
Total
$310,606
Cost / Key
Three problems.
One solution.
Elevant = Wyndham + Rentyl and together solves all three, simultaneously.
01
Problem
Underperforming ADR
As a vintage independent, rates sit well below the Clearwater comp set.
The Solution
The Elevant design playbook + Wyndham flag + Rentyl unlocks a 20–35% rate premium vs. comp set. Stabilized ADR $230.
02
Problem
Zero loyalty reach
Independent properties miss 122M Wyndham Rewards members seeking redemption stays.
The Solution
Wyndham distribution plugs us into the world's largest loyalty ecosystem, the same one that makes the Grand next door the #1 most-requested property.
03
Problem
OTA dependency
Without a brand, 60–70% of bookings move through OTAs at 15–25% commission. Margin erodes.
The Solution
Rentyl's 2M+ direct customer base + Wyndham's direct-booking engine shifts the channel mix and rewrites the economics.
Vintage becomes chic.
Transforming underperforming coastal assets into design-forward, high-ADR lifestyle destinations. Asset by asset, market by market.
01
Acquire
Well-located but underperforming vintage motels where the real estate is strong but the operation is not.
02
Reposition
Our proprietary design-forward renovation playbook. Preserving nostalgic character, delivering modern luxury.
03
Flag
Attach Wyndham brand distribution for loyalty reach, rate integrity, and booking volume no independent commands.
04
Operate
Rentyl's full-stack hospitality management. Technology, yield, marketing, staffing, call center.
05
Scale
Build a portfolio of 25–40 branded coastal lifestyle hotels across priority Sun Belt markets.
Bali Hai
Beach Resort.
Anna Maria Island, Florida
$6.0M
Investment
6 mo.
Timeline
43
Keys Overhauled
14 years of Florida vintage-to-chic experience, applied to a single asset.
Before
After
ADR
$127
$586
+460%
Occupancy
42.7%
69.6%
+63%
RevPAR
$54
$396
+730%
Distribution, technology, marketing, staffing, yield.
An all-in-one solution combining advanced distribution, a full-service marketing agency, and a dedicated call center, unmatched support across every partner property.
I. In-house
A marketing agency.
Content, social, digital advertising, email, reputation management, and web design, all under one roof.
II. Integrated
A call center.
Personalized guest engagement turning inquiries into confirmed, high-conversion bookings.
III. Direct
2M+ customers.
A registered direct-booking audience providing immediate demand at launch. No OTA ramp-up required.
IV. Technology-driven
Dynamic yield.
Pricing optimization to maximize occupancy and RevPAR across every demand season.
V. Extensive
Distribution.
Hundreds of global booking partners, plus direct Wyndham loyalty-channel integration.
VI. Full-stack
Operations.
Resort management. F&B, spa, amenities, membership, staffing, brand-standards enforcement.
Brand Partners
Hard Rock · Hilton · IHG · Marriott Bonvoy · Margaritaville · Encore Resort · Spectrum Resort · Choice Hotels
The world's largest hotel loyalty ecosystem, next door to its most requested property.
122M
Active Wyndham Rewards Members
9,000+
Hotels in Portfolio
95
Countries with Wyndham Properties
#1
Most-Requested Hotel, Next Door
What the Flag Unlocks
Direct booking engine.
Bypass OTAs via Wyndham.com. 15–25% margin recovery on shifted bookings.
Loyalty redemptions.
122M members seeking point-redemption stays. Occupancy through shoulder seasons.
GDS & corporate accounts.
Global distribution for corporate and group bookings unavailable to independents.
Revenue management.
Enterprise-grade dynamic pricing and demand forecasting.
Brand credibility.
Immediate legitimacy. Guests self-select Wyndham for trust, standards, rewards.
100+ combined years in global hospitality & real estate.
Elevant founders and Rentyl Resorts leadership, operators who have built, run, and exited portfolios at institutional scale.
Sponsor, Elevant Hotels
Jon Wohlfert
Founder
35+ years lodging. Built Residence Inn, Extended Stay America, RESIDE. Former President & Co-CEO.
Steve Burks
Founder
30+ years at Disney, Ritz-Carlton, Marriott, Bluegreen. Vision, brand, capital markets, strategic partnerships.
Mitch Pinckard
Chief Development Officer
20+ years finance & real estate. Capital raising, debt / equity structuring. MRED, Arizona State.
Dale Helle
Chief Administrative Officer
30+ years construction leadership. Former CEO, Killian Construction. CAO, Solaris Development. CPA.
Operator, Rentyl Resorts
Nick Falcone
CEO, Managing Principal
Chief Executive Officer and Managing Principal, Rentyl Resorts. Commercial strategy architect.
Dan Falcone
CFO, Managing Principal
Chief Financial Officer and Managing Principal. Capital structure and financial performance oversight.
Matthew Falcone
COO, Managing Principal
Chief Operating Officer. Day-to-day operational excellence across the Rentyl portfolio.
Michael Trampas
EVP, Commercial Strategy
Executive Vice President, Commercial Strategy. Driving revenue and distribution across properties.
66 keys. 18 months to stabilization.
Underwritten to a $230 stabilized ADR and a $29.9M exit. A projected $9.4M in value creation at month 18.
Sources & Uses
Acquisition Price
$15,500,000
Renovation Budget
$5,000,000
Total Investment
$20,500,000
Cost Per Key
$310,606
Capital Stack
Acq. & Reno Loan, 70.0%
$14,350,000
Equity, 26.8%
$5,500,000
Private Credit Fund I, 3.2%
$650,000
Projected Performance, Stabilized
$230
Stabilized ADR
75%
Occupancy
$173
RevPAR
$1.75M
Stabilized NOI
$29.9M
Stabilized Value
+$9.4M
Value Created at M18
01
Review
Request the detailed investment memorandum.
02
Connect
Schedule a call with the Elevant team.
03
Commit
Sign subs. 60-day acquisition target.
invest@elevanthotels.com · Issuer: Elevant Hotels, LLC
Private & Confidential · This document does not constitute an offer to sell securities.