The acquisition of the Hampton Inn in Hilton Head Island, SC was a joint-venture partnership with a Memphis, TN-based hotel management and development firm. The hotel was purchased from a distressed debt fund manager that foreclosed on the property after purchasing the note. Upon acquisition, improvements were made throughout the property, including in the guest rooms and converting rarely used suites into additional guestrooms. After ramping up a robust sales and marketing effort, Net Operating Income more than doubled and the asset was sold at pricing that exceeded the pro forma projections.