Investments

Our Investment Funds:

Since 2001, Magna has sponsored three discretionary funds, which means that Magna (as the general partner) can make investment decisions without securing the approval of its limited partners. Magna's investors include all Magna executives and Vice Presidents, endowments, pension funds, fund-to-funds, and high net worth individuals.

Magna Hotel Fund I, L.P.

Magna Hotel Fund I closed in July 2001 with $8.65 million in committed capital. The funds were fully committed and invested by October 2005.

Magna Hotel Fund II, L.P.

Magna Hotel Fund II closed in October 2005 with $9.1 million in committed capital. The funds were fully committed by December 2007, and will be fully invested by December 2008.

Magna Hotel Fund III, L.P.

Magna Hotel Fund III closed in June 2008 with $75 million in committed capital. Fund III is in active investment.

Our investments typically have a hold period of three to seven years per investment with a fund life of 10 years. All investments are direct investments that are either self-funded by our fund or in joint venture with one of our strategic real estate opportunity fund partners. Where we elect to joint venture with a partner, our fund is typically a managing member of the venture and receives a promoted interest that is shared with all fund limited partners.

If you would like more information regarding our investment structure or our funds, please contact Robert A. Indeglia, Jr. at (401) 886-4484 or bob.indeglia@magnahospitality.com.