A Premier Real Estate Team

Capitalizing On an

Unprecendented
acquisition
opportunity

and the

Continued growth from the rebound of the hotel industry

VM Hotel Acquisition Corp is the only Canadian publicly-traded vehicle designed specifically for institutional and retail investors to invest in the rebound of the hotel industry. 

Investment

STRATEGY

Capitalize on Discounted Hotel Valuations Relative to Intrinsic

Historical precedent suggests that a clear path to recovery exists, as demonstrated by industry rebounds from recent black-swan events.

With expected discounts being in value compared to pre-pandemic levels, our Distressed Acquisition Strategy focuses on the unique buying opportunity created by the COVID-19 pandemic: acquiring North American hotel assets at attractive discounted prices which under more normal circumstances may not come to market. 

Continued Focused-Approach on the Hospitality Space + Value Creation

As a continued driver of growth under more conventional market conditions, our Opportunistic Acquisition Strategy focuses on acquiring under-managed or under-capitalized hotels with value-add opportunities.

Both acquisition strategies will employ a 3-pronged tactical approach to Value Creation: (1) Maximize value through strategic capital allocation, (2) Implement best-in-class asset management strategies; and (3) Partner with leading institutional hotel operators to drive improved margins.

Target Identification + Strong Network +  Capital Markets Experience

Led by Tom Vukota and Ian McAuley, management's extensive network will be leveraged to identify a robust deal pipeline across North America, targeting high quality assets in notable urban centres that demonstrate macro-driven growth and high barriers to entry.

Collectively, management and board of directors have more than 180 years of cross-border experience, having worked through recessions, “black swan events” and various economic and seasonal cycles. VM Hotel expects to access larger opportunities, offering vendors greater certainty of ‘close’, due to our sources of capital.

Looking for a more in-depth view of VM Hotel's acquisition + value creation strategy?

LEadership

Tom Vukota

Executive Chairman

Tom Vukota possesses 25 years of institutional real estate investment and asset management experience. Tom is Founder, CEO, and Chief Investment Officer of VCM Global Asset Management.

Ian McAuley

CEO + Director

Ian McAuley is a 30-year award-winning hospitality veteran with extensive real estate company experience with multiple publicly-traded & privately-held businesses.

Tom Wenner

Chief financial Officer

Mr. Wenner brings over 20 years of real estate experience having served as CFO of Allied Properties REIT, One REIT and Inovalis REIT; and as VP Finance of Allied Canadian Corporation. 

Tracy Sherren

Director

With over 25 years of experience, Ms. Sherren has led asset management teams, acquisition due diligence, and real estate development, and has extensive experience in transaction structuring and risk management. Starting as CFO, Tracy is now President, Commercial of True North Commercial REIT.

Dr. John Andrew

Director

John Andrew has been Executive Director of Queen’s University’s Commercial Real Estate Executive Seminars since its creation in 2004. He is a professor in the Queen's School of Urban and Regional Planning (SURP).

Charles Suddaby

Director

Charles Suddaby has provided advisory and valuation services to the hospitality industry for 40 years. His consulting practice has been based on a wide range of services and he has completed projects across much of the world.

Industry
Overview
+ Market
Conditions

Decline + Rebound in the Hotel Industry

With the drastic impact of Covid-19 on hotel performance (46.0% decline in year over year U.S. RevPAR Change in 2020), the industry's rebound is expected to occur throughout 2021 (expected 58.0% growth in year over year U.S. RevPAR Change in 2021) and RevPAR is expected reach pre-pandemic levels in late 2023.
It is expected that 7 in 10 hoteliers will require further government assistance by April 2021 in order to survive, and 77% of hotels report they will be forced to lay off more workers, per a recent survey conducted by AHLA.
Luxury + Upper Upscale properties show the largest decline in RevPAR (compared to Mid-scale and Economy properties), and may lead to forced sales of first-class hotels that otherwise might not come to market.

Previous "Black Swan" Economic Shocks: a Guide

Since 2001, the hotel industry has weathered four major “black swan events” (tech bubble burst, 9/11 terrorist attacks, SARS outbreak, and the great financial crisis of 2008/09) each resulting in sharp demand downturns. As illustrated in the graph "Hotel Demand Declines", lodging demand typically takes 10 to 14 months from event end to recover to pre-event levels.

A More In-Depth Look at The Market Rebound

Industry Overview

U.S. and Canada by the numbers

$ 207B
Total Revenue
U.S.: 89%; Canada: 11%
Growth from 2015: 6.4%
64,000
Total Hotels
U.S.: 87%; Canada: 13%
Growth from 2015: 4.2%
5 .8M
Total Keys
U.S.: 92%; Canada: 8%
Growth from 2015: 6.2%
8 .6M
People Employed
U.S.: 96%; Canada: 4%
Growth from 2015: 14.7%
Sources:  CBRE, AHLA, Cushman & Wakefield, Deloitte, Cornell University

the Vm Hotel

Acquisition Process

Utilize our management team’s extensive sourcing network to identify the most attractive acquisition targets: under-managed or under-capitalized high-quality assets.
Conduct rigorous analysis and extensive due diligence to determine the best target(s).
Acquire the target at an attractive price relative to its intrinsic value.
Structure and execute the acquisition with a capital structure that will support growth in shareholder value and give it the flexibility to grow organically through strategic acquisitions.
Identify and effectuate additional acquisitions to accelerate growth.

SPAC

Timeline

+  Click diagram to view larger

Investor Relations

Headquarters

Brookfield Place
161 Bay Street, Suite 2420
Toronto, Ontario M5J 2S1

Contact

Ian McAuley
CEO + Director
416.910.9889
Email Ian

PArtners + Associated firms