North America · US · Canada · Mexico
Assets Compass is the deal-analysis platform US, Canadian, and Mexican asset management firms use to screen and underwrite hotel, resort, and hotel condominium (condotel) investments. STR reports, franchise agreements, PIPs, PCAs, and condo offering plans go in — an institutional pro forma and an Acquire · Conditional · Further DD · Decline verdict come out.
Markets Covered
US Gateway
Full-service and luxury branded acquisitions, adaptive-reuse conversions.
US Sunbelt
Resort and select-service growth markets with strong RevPAR momentum.
US Mountain & Leisure
Luxury resort and hotel condominium sell-outs, four-season demand.
Canada
Branded urban hotels and mountain resort condotels underwritten to CAD debt norms.
Mexico Coastal
Fideicomiso-structured condotels and branded resort residences.
Caribbean-adjacent US
Act 60 / tax-advantaged resort deals with condotel rental pools.
Built for allocators
Screen 40+ deals a quarter down to the 3 that merit IC. Every deal exits with a defensible verdict and an auditable model.
Underwrite value-add and opportunistic hotel plays with PIP-adjusted returns, brand-conversion scenarios, and refi/exit stress tests.
Institutional-grade underwriting on branded resort and condotel deals — without staffing an in-house hospitality desk.
Portfolio-level comparability across US, Canada, and Mexico with consistent GOP/EBITDA flow-through and cap-rate assumptions.
Branded and independent — full-service, select-service, and lifestyle. STR comp-set benchmarking, franchise/FDD extraction, PIP capital planning, and CMBS/SASB/bank/SBA debt sensitivity.
Dual-track sponsor / unit-owner underwriting. Absorption pacing, rental-pool net yield, HOA reserves, state condo-act compliance, and fideicomiso trust structures for Mexican coastal deals.
What we normalize for
US-STR, CoStar, and local demand data reconciled per market.
FDD extraction, key money, PIP triggers, and liquidated damages.
US federal/state, Canadian provincial, and Mexican ISR/IVA; USD/CAD/MXN scenarios.
LTV, DSCR, debt yield, and refinance takeout by lender class and country.
FAQ · North America
US gateway and Sunbelt, Canadian metros and mountain resorts, and Mexican coastal corridors. STR comp sets, franchise economics, and lender norms are normalized per market.
US condotels are governed by state condo acts and HUD/FHA warrantability; Mexican condotels use fideicomiso trusts in restricted zones. Assets Compass models both sponsor economics and unit-owner net yield in either framework.
Yes. Franchise agreements, PIPs, brand-standard CapEx, key money, and liquidated damages are extracted from the FDD package and flowed into the pro forma.
CMBS, SASB, balance-sheet bank debt, debt-fund bridge, SBA 7(a)/504 for select-service, plus mezzanine and pref equity. DSCR, debt yield, and refinance takeout are stress-tested across scenarios.
Yes — pipelines are normalized to a common IRR, equity multiple, and DSCR framework, adjusting for franchise economics, brand-manager splits, tax leakage, and currency.