The Albemarle Hotel on Vicinity 2021

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Analytics

Security Type

Convertible Note

Location

Fayetteville, North Carolina

Industry

Real Estate & Construction

The Albemarle Hotel is raising funds on Vicinity. The company is reclaiming the history of Albemarle and redeveloping The Residences at the Albemarle Hotel. It is a real estate project in the heart of Stanly County and is being led by Jordan Jones, a North Carolina native and real estate developer. The plan is to convert the old hotel layout into 29 for-rent apartments and commercial space. Jordan Jones founded The Albemarle Hotel in December 2017. The current crowdfunding campaign has a minimum target of $350,000 and a maximum target of $1,800,000. The campaign proceeds will be used for demolition, general construction, carpentry, and a rooftop amenity.

Summary Profit and Loss Statement

Revenue

$0

$0

COGS

$0

$0

Tax

$0

$0

 

 

Net Income

$-14,895

$-5,159

Summary Balance Sheet

Cash

$0

$23,108

Accounts Receivable

$0

$0

Total Assets

$332,442

$371,211

Short-Term Debt

$0

$0

Long-Term Debt

$328,370

$319,900

Total Liabilities

$328,370

$319,900

Financials as of: 04/02/2021

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