Phoenix American Hospitality

Phoenix American Hospitality

Growth Stage

Buying low, selling high

Buying low, selling high

Overview

Funding data not publicly available
Platform

Self Managed

Start Date

05/14/2019

Close Date

Not Provided

Min. Goal
$5,000
Max. Goal
$50,000,000
Min. Investment

$5,000

Security Type

Equity - Common

Series

Pre-Seed

SEC Filing Type

RegA+    Open SEC Filing

Price Per Share

$10.00

Pre-Money Valuation

$50,000,000

Year Founded

2019

Industry

Real Estate & Construction

Tech Sector

Proptech

Distribution Model

B2B/B2C

Margin

Low

Capital Intensity

High

Location

Dallas, Texas

Business Type

Growth

Phoenix American Hospitality is raising funds on Rialto Markets through Reg A+ crowdfunding. It is a real estate company that aims to buy premium business select hotels at COVID-depressed prices, run them, and sell them for profits. The business will also manage and improve the hotels while it owns them. Phoenix American Hospitality aims to generate high returns with its focus on location, proven performance, strong national brands, and multiple revenue sources. W.L. Nelson founded Phoenix American Hospitality in 2019. The current crowdfunding campaign has no minimum target and a maximum target of $50,000,000. The campaign proceeds will be used to acquire more properties.

Balance Sheet

Cash and Cash Equivalents

$693,213

Investment Securities

$5,000,000

Total Investments

$1,565,000

Accounts and Notes Receivable

$0

Loans

$0

Property, Plant and Equipment (PP&E)

$840,000

Property and Equipment

$0

Total Assets

$1,533,213

Accounts Payable & Accrued Liabilities

$51,444

Policy Liabilities and Accruals

$0

Deposits

$0

Long Term Debt

$147,346

Total Liabilities

$51,444

Total Stockholders' Equity

$1,481,769

Total Liabilities and Equity

$1,533,213

Statement of Comprehensive Income Information

Total Revenues

$0

Total Interest Income

$0

Costs & Expenses Applicable to Rev

$995,446

Total Interest Expenses

$0

Depreciation and Amortization

$0

Net Income

$-995,446

Earnings Per Share - Basic

$0.00

Earnings Per Share - Diluted

$0.00

Auditor: J.F. Bodden, P.C.
Financials as of: 05/14/2019
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Phoenix American Hospitality on Rialto Markets 2019
Platform: Self Managed
Security Type: Equity - Common
Valuation: $50,000,000
Price per Share: $10.00

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