SOLD.
Greg Whitehead and Gregg McArthur, Directors of Hospitality at NAI Excel, are excited to announce the sale of a Luxury Assisted Living Facility in Kaysville, UT. The owners of this upscale facility exclusively retained Whitehead and McArthur for their knowledge and expertise in transacting sensitive properties and complex businesses transactions. This is the second high-end Assisted Living Facility Whitehead and McArthur have closed in Utah this year.
McArthur and Whitehead specialize in the sale of confidential, and highly sensitive hospitality projects. They have the expertise required to close complex contracts for real estate and the businesses associated with property as well. They make the closing of the property and business as seamless and smooth as possible.
“Our Goal is to make our clients, residents, and extended family feel confident and comfortable in the transition process, which usually includes a seamless transition in the management of the facilities we assist.” McArthur stated.
“This particular facility was not just extremely upscale. It included a high capitalization rate of 9+%, fully stabilized and completely turn key for any investor.” Whitehead announced.
Greg Whitehead, Vice President of Hospitality
Greg brings over a decade of commercial real estate experience to NAI Excel. He brings a strong background in the hospitality segment, as well as extensive experience in all types of commercial real estate transactions including retail, office, industrial, investment, land acquisition and development. Greg creates long lasting relationships with his clients through attention to detail and an ability to create insightful strategic solutions that meet his client’s needs.
Gregg McArthur, Director of Hospitality
Gregg brings a vast array of experience to the hospitality team including hospitality management, property marketing, public relations, and finance. He began his career at Merrill Lynch where he managed over $2 billion in real estate assets. He then moved to Las Vegas where he opened the Mandalay Bay Resort Hotel as their manager of VIP customer relations. Gregg was then hired by the Las Vegas Sand Corporation where he served as their strategic marketing director for The Venetian and The Palazzo Hotel which at the time was the largest hotel in the world. In 2010 Gregg moved back to his hometown of St George where he served as the CEO for the St George Area Chamber of Commerce. Gregg joined the NAI Excel Hospitality team in 2016.