Case Studies

a glimpse into our portfolio of engagements around the world

Stoney Creek Hospitality


Stoney Creek Hotels, an owner-operator-brand based in northern Iowa with eleven wholly- or partially-owned hotels and one under brand licensing, retained FCA in late 2021.

Amidst significant challenges, Stoney Creek Hotels faced a pivotal moment due to two unexpected calamities – the loss of its dynamic founder in March 2020 and the impacts of the COVID pandemic. The successor Chairman and the newly-appointed CEO assembled an executive leadership team to face the uncertainty and to decide whether to pare some assets or focus on reinforcing the existing base to operate as a thriving hotel company.

Choosing the latter path, the team committed to operational improvements, setting their sights on the future of SCHC and asking FCA to provide support and guidance in this endeavor. FCA assisted SCHC in –

  • addressing impending loan maturities and right-sizing SCHC’s debt obligations
  • establishing new management and license agreements to accommodate new institutional debt and its ongoing operating commitments
  • creating key performance indicators for its senior leadership team and
  • enhancing growth initiatives for its management and brand business.

In July 2023, due to excellent performance at each property, we completed the refinancing of the entire owned portfolio; the result –  11 refinanced properties (including a land purchase), two of which were ground lease properties with municipalities; four separate loans, all but one non-recourse; ≈ $65 million of loans with excellent DSCR’s, a new institutional-quality Hotel Management & License Agreement, a coordinated and hard-working leadership team and a long-term outlook that is wholly positive.

Tel Aviv, Israel Promenade

Mandarin Oriental Hotel & Residences

Tel Aviv, israel

FCA ROLE: Coordinated hotel concept, quality level, programming and site planning, brand and management selection, and management agreement for new-build, mixed-use development (with retail and residential) in Tel Aviv, Israel.

The Blake at Taos Ski Valley

TaOs, New Mexico

FCA ROLE: Advised on preliminary design plan, assisted in design development, interior design, operational planning, IT planning, and branding. Coordinated management agreement, creation of condominium rental program for The Blake.
calgary photo

Hyatt Regency Hotel

Calgary, Alberta

FCA ROLE: Ongoing Advisory Board Member, overseeing a third-party hotel Asset Management company, for an Alberta-based corporation that owns a major hotel in downtown Calgary.
Resort Anguilla

Resort & Residences by CuisinArt


FCA ROLE: Advised an Estate that sold a luxury Caribbean Resort, using institutional brokerage to implement the marketing and sale process; closed with second buyer/second contract immediately after first transaction failed amid COVID.
Orlando Skyline

Lake Nona Properties Holdings

Orlando, Florida

FCA ROLE: Provided strategic planning services for hospitality development for a major landowner in Orlando for three separate, but adjacent, land parcels comprising in excess of 8000 acres.
Tommy Bahama AZ

Tommy Bahama Group, Inc

US Based Brand

FCA ROLE: Provided hospitality transactional insight to a branded apparel company considering the licensing of its brand to a resort developer and oversaw the negotiation of a Master Development Agreement and ancillary documents.

Additional Case

Unibail-Rodamco Westfield I US Based COmpany:

Analyzed the market for and recommended development of hotels for a major shopping mall owner in a planned redevelopment of a major regional mall in New Jersey and two malls in Southern California. 

Drake Hotel I Chicago:

Appointed a “party arbitrator” in a hotel lease dispute and provided strategic input to the client/hotel owner and its counsel in formulating its arbitration strategy and strategy for a successful lawsuit on a related but non-arbitrable aspect of the dispute. 

Water Island Development Company I USVI:

Coordinated hotel concept, quality level, programming and site planning and oversaw process for ultimate selection of brand and management for small luxury resort as part of a proposed, new-build, mixed-use development on Water Island, United States Virgin Islands. 

Casino Licensing I illinois:

Advised two unrelated landowners in two (non-competitive) communities in suburban Chicago (one in the northern suburbs, and one in the southern suburbs) on the possibility of seeking a Casino license under Illinois’ 2019 gaming expansion bill. 

Mesirow Financial (Sale-Leaseback Division) I Chicago:

Served as hotel-casino advisor to Mesirow Financial’s Sale-Leaseback Division in its acquisition and leaseback of a three-property portfolio of casinos (two with hotels) in British Columbia. 

Ibiza Rocks Group I Ibiza:

Provided strategic advisory services to a small Spanish lifestyle hotel and entertainment brand in its discussions to grant through licensing exclusive brand development rights to a large, Spain-based international hotel ownership and operating company. 


Our extensive experience has proven to be of great benefit to our clients.