Meru Capital

Industry

Real Estate

Asset Class

Private Equity

Value of Investment

$8,000,000 completed

Meru Capital has raised USD equivalent 8 million in a private limited partnership for a 50% interest in a resort hotel development in Bali. The next round will be announced Q2 2018

The term of the investment is five years with a targeted financial return of approximately 2.0X return on invested capital and 15%+ net IRR.

 

Project highlights include: 

 

  1. Low completion risk: Project is currently in development. One of 15 villas completed. 

 

  1. Principal Protection: Investment at a steep discount to market (land) and fallback private sale of villas would recoup investment at a profit

 

  1. Low operational risk: Best-in-class operator. Luxury boutique DNA. 

 

 



Project Overview

The project is a low density resort development just north of Ubud, the cultural heartland of Bali.  15 spacious and luxurious villas on ten acres of fee simple land (and six acres leased) perched over a river gorge. 

 

The project benefits from a team of leading individuals with experience second to none: 

 

1. Designed by Harvard educated, Bangkok based, renowned architect Bill Bensley who has completed over 200 projects in 30 countries. www.bensley.com  www.thecrimson.com/article/2016/2/4/15-minutes-bensley/

 

2. Hotel operations to be led by a man named “Best General Manager - Asia” by Conde Nest Traveler. Former GM of the Amandar (Bali)i, Four Seasons Chiang-Rai (Thailand) and the Siam (Bangkok). www.elitetraveler.com/leaders-in-luxury/jason-friedman 

 

3. Project management by fellow Cornell hospitality grad with 30 years of project development/management experience in Asia, including the recently opened $250 million Marriott in Vietnam (Bensley designed). 

 

4. 50% equity partner is an Indonesian family office with extensive hotel networks and business activities throughout Indonesia. 

Meru Capital

Meru Capital, the General Partner, is led by Patrick Bonney who has co-founded and managed several private equity real estate platforms with total equity capital commitments over $650 million. Patrick has extensive experience with leading investment banks in Tokyo, London, Toronto and New York and has spent the majority of his time in Asia. He is fluent in Japanese. 

 

This project represents a closed, single project fund which will be the catalyst for a larger future platform to acquire and develop luxury boutique resorts in Asia. 

 

Thank you for your interest in Meru Capital. Please Apply for Membership if you have not already registered as a member of InPortal.

Please enter your InPortal UserID or Email if you have already registered as InPortal Member. We will contact you shortly in regards to gaining access to Meru Capital.