Industry

Real Estate

Company Type

Hospitality

Size

$3.7 million

Investment Type

Debt

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BNG

Overview

BNG Hospitality is seeking a $3.7 million senior loan for the renovation and re-modelling of the Centre Club in San Antonio TX.


BNG owns and manages private clubs throughout the US


100 years of combined experience and expertise in the Private Club and Hospitality industry


Focus on both potential acquisition and/or management of small to medium size clubs


Emphasize club board redevelopment, new and improved sales and marketing efforts for memberships and banquets, and enhancing communication channels to better connect club members.

BNG

The Centre Club

The Centre Club is the evolution of the 40 year-old Plaza Club


Has been relocated to the penthouse of the Weston Centre in downtown San Antonio, Texas


The new location will allow the club to reinvent itself in the 6th largest city in the US

The club has a base membership of over 400 members who have paid $500 to relocate to the new club


The market has no true competitors for this product

Overview of Club

10,000 sq. foot clubhouse, similar in size to the current location with member usable space


Flexible and efficient layout including a ballroom that can seat 250, as well as bar lounge and shared work-space


Dining experiences colored by local beer, wine and cocktails


Multiple venues for members, allowing a variety of use with the club quarters


Comfortable atmosphere where the staff provides personalized experiences

BNG

Solution/Strategy

Reinvented and rebranded club – relevant and desirable for all age groups


Appeals to traditional markets and affluent young executives


Epicenter for both social and professional entertaining for the who’s who of San Antonio


Coffee concierge, craft cocktail service and dedicated shared workspaces


TD rooms (small semiprivate meeting rooms), experiential, tailored dining experiences, and a full calendar of member events

 

BNG

Management

Sean Laney

Founding Partner/President

 

35+ years’ experience in the private membership club and hospitality field


Extensive experience in all aspects of the hospitality and private club industry, both domestically and internationally


Held P&L operating oversight for a division with gross revenues in excess of $180 million and oversight of 4,000 employees


Expertise in asset management and new business development, food and beverage, operations, sales and asset management for city clubs, business clubs, health clubs and alumni clubs

Jim Coyne

Founding Partner/EVP of Operations

30-year leadership career within the private club industry at some of the most exclusive private clubs in the US


GM in both city, golf and country clubs


Extensive experience in all aspects of club management and leadership


Business degree from UCF in Orlando, Florida

Tim Jarrett

Partner/EVP Operations

 

Oversees club operations


Worked in high-end hotels, restaurants and private clubs since 1995

Was the General Manager of Centre Club


Director of National Accounts with Crown Brands – focused on large hospitality customers such as Disney, ClubCorp, and IHG Hotels


Extremely involved in the community and served on several organizational boards such as Habitat for Humanity, Florida Medical Clinic Foundation, and the Board of Fellows at The University of Tampa. Appointed to be an Honorary Base Commander at MacDill Air Force


Graduated from Johnson & Wales University Magna Cum Laude with dual degrees in Hotel Restaurant Management and Hospitality Management

BNG

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CONTACT US

Hi. We're not around right now. But you can send us an email and we'll get back to you, asap.

Thanks, Ken

Ken Margolis | Managing Partner Castle Placement, LLC
1460 Broadway Street, Rte 400
New York, New York 10036
(212) 418-1188 | C: (516) 712-7784
kmargolis@castleplacement.com

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