Recreating spaces for unrealised opportunity
Welcome to Ark Capital Partners, where the art of investment meets the science of transformation.
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Who we are
We support our capital partners to invest in hotels in the Asia Pacific Region.
We work with different investors to source, secure and reposition hotels during the lifecycle of their investments.
With the benefit of our depth of expertise and experience, and our passion for hospitality, we work with our investors to deliver superior risk adjusted returns in hotel investments.
What we do
Expertise
The founding directors have extensive complementary experiences in key leadership roles, and together bring strong expertise in acquisition, structuring, development, legal, operating, food & beverage, design and investments. Ark Capital Partners believe that key expertise must be held within the team to drive and deliver outperforming results for, and aligned with its investors.
Value
Ark Capital Partners leverages the professional experience of it’s team to unlock value for it’s investors along the entire value chain from deal sourcing and acquisitions to active asset management and enhancement, repositioning and re-development and disposal.
Focus
Ark Capital Partners supports its investors to source, secure and deliver hotel investments in the region. Ark Capital Partners will take advantage of present opportunities and challenges in the wider hotel market to identify underperforming assets that are underpinned by valuable real estate. Ark Capital Partners also looks to invest in structured projects where the team can take a hands-on approach on strategy, design, operator engagement and delivery.
Execution
For each acquisition, the team will implement a tailored strategy for the hotel, including repositioning, rebranding and enhancing the potential of the hotel and then actively asset managing the hotel to deliver superior investment returns. By understanding hotel operations and investments, Ark Capital Partners has the strategic capability to apply its bottom up (operational) and top down (investment) asset management and investment management expertise.
Hyde Perth
37 Pier St, Perth WA 6000
Deal Highlights
Situated on a 1,973sqm site within the eastern periphery of Perth’s Central Business District and retail precinct.
Extensive 51.6m street frontage to Pier Street, which is the focal point of the Historic Heart of Perth, an area going through gentrification and investment supported by City of Perth.
Owner Operated and sold with the benefit of Vacant Possession.
Comprises 120 guestrooms, which average circa 37sqm.
The Hotel’s other facilities include a restaurant and bar, conference and meeting facilities, business centre, swimming pool and secure basement parking.
Strategy
The Hotel was secured at the lowest price per key in the Perth CBD within the last five years and an extended settlement term was negotiated to prepare for renovations.
Undertake an extensive Capital Expenditure program to reposition the Hotel into Australia’s first Hyde branded Hotel, an internationally branded upper upscale
lifestyle offering.
Design-led concept focussing on high energy common spaces enhanced with localised food and beverage offerings targeting the burgeoning experiential traveller and benefitting from the limited comparable hotels within this market.
Undertake comprehensive mechanical, hydraulics and electrical services upgrades to prolong life of asset, realise operational cost savings and comply with current building code and hotel industry best practices.
Capital Partner: Domestic Family Office
Batman’s Hill on Collins
623 Collins St, Melbourne VIC 3000
Deal Highlights
1,970sqm freehold site fronting both Collins and Spencer Streets in the Melbourne CBD, across from Southern Cross Railway Station.
The Hotel comprises 190 rooms consisting of 146 hotel keys and 44 apartments, which range between 20sqm and 50sqm. A partial renovation of asset (60 Premier Rooms and 75 Standard Rooms) was completed prior to sale.
Owner Operated with the benefit of Vacant Possession on Sale.
The Hotel’s other facilities include multiple food and beverage outlets, conference/meeting facilities and secure basement car parking with a leased retail tenancy fronting Collins Street.
Strategy
Operate the Hotel under a “soft brand” by a leading international hotel operator.
Drive returns through active asset management whilst leveraging off the global operators established model inclusive of their distribution, sales, marketing, loyalty and reservation systems, which provides significant savings in operational overheads to drive end profitability.
Review the current business mix to target higher yielding business and leisure travellers and drive direct bookings to the hotel.
Capital Partner: Melbourne Based Developer
Our Team
Rahul Parrab
Rahul is based in Sydney, Australia, and has over 20 years of experience in the hospitality and real estate sector. Rahul co-founded Ark Capital Partners, a hotel investment group that focuses on repositioning and unlocking value in hotels in Australia, New Zealand and the wider Asia Pacific region, by capitalising on the team's global experience in delivering superior design led lifestyle hotels and world class food & beverage concepts.
rahul.parrab@arkcp.com.au
Mark Bullock
Mark is based in Canberra and has 20 years of experience working with clients across the hotel real estate and financial services sectors. Prior to cofounding Ark Capital Partners, Mark, as Managing Director, was responsible for driving the overall operational and commercial success of Radisson Hotel Group in the Australasia Region (Australia, New Zealand and South Pacific). Mark is also a Member of the Torrens University Australia, Hospitality Advisory Board, providing industry oversight to the universities hospitality program.
mark.bullock@arkcp.com.au
Ed Faraguna
Ed is based out of the Ark Capital Partners head office in Sydney and has more than twenty-five years' experience working across hotel investment, development, finance, acquisitions, divestments, risk and strategy across Australia and internationally. He is responsible for business support, control and risk mitigation.
ed.faraguna@arkcp.com.au
Michael Piro
Michael has nearly 20 years of property sales, marketing and development experience in both North America and Asia and is currently the COO of Indochina Capital and Co-Founder & CEO of Wink Hotels. Based in Vietnam, he has directly overseen the sale and leasing of over US$1 billion worth of high-end Vietnamese properties, while also being actively involved in the planning and development of nearly US$1 billion worth of high-end real estate development in Vietnam for Indochina Capital.
Michael is a chartered surveyor, holding the designation of MRICS from the Royal Institution of Chartered Surveyors (RICS). He holds a Diploma of Technology, Commercial Real Estate (Honours) from the British Columbia Institute of Technology; and a Diploma of Urban Land Economics, Real Estate Development from the University of British Columbia.
Ben Kleimeyer
Ben is based out of the Ark Capital Partners head office in Sydney and has approximately 10-years' experience in valuations & advisory, consulting, investment analysis, asset management and brokerage within the hotel, tourism and leisure sector throughout the wider Asia Pacific region.
ben.kleimeyer@arkcp.com.au