NewGen's Approach
NewGen Advisory executed a hands-on, relationship-driven strategy to identify the right buyer and ensure a successful outcome. Leveraging its network of alternative-use and mission-driven operators, NewGen identified U.S. VETS as the ideal buyer—an organization whose mission aligned closely with the property’s layout, location, and long-term potential. To provide certainty early in the process, NewGen engaged local zoning and entitlement resources to validate approvals, requirements, and any constraints associated with converting the hotel into supportive housing. Throughout the transaction, NewGen guided ownership through the complexities of a change-of-use sale, maintaining transparency, proactive communication, and alignment among all stakeholders. By coordinating the process from start to finish and keeping momentum throughout due diligence and approvals, NewGen helped avoid delays and delivered a smooth closing within the desired timeline.