Development Criteria

Park Silver Development, LLC, through its manager Sunburst Management, LLC is actively seeking new hotel development opportunities.

Beginning in 2019, Park Silver Development launched an aggressive growth strategy seeking to develop multiple extended-stay hotels nationwide. Park Silver has the vision and financial strength to underwrite, entitle, and close transactions quickly and efficiently.

Acquisition Criteria for New Hotel Development:

• Raw land acquisition (+/- 2 acres)
• Retail outparcels
• Corporate park locations
• Mixed use projects under development
• Demolition & redevelopment sites
• Traditional and non-traditional sources (bankruptcy and REO)
• Distressed and value-added projects
• Room Count:  +/- 125 rooms
• Deal Size: $1M - $4M (land)
• Fee Simple preferred (long-term land leases considered)
• All cash (no financing contingencies)

Locations:

• Major MSAs (and surrounding suburbs)
• Secondary/tertiary markets with multiple demand sources
• High traffic counts

Contacts:

Christopher Milke – Vice President, Acquisitions & Development
(301) 592-3843
chris.milke@snbhotels.com

Terry O'Brien – Director, Real Estate & Land Acquisitions
(513) 505-6910
tobrien@snbhotels.com

Park Silver Development, LLC c/o Sunburst Hospitality
8171 Maple Lawn Boulevard, Suite 380 • Fulton, Maryland 20759
Phone: (301) 592-3800 • Fax: (301) 592-3935

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