The timing is right in the economic cycle for the creation and deployment of Provenance Hotel Partners Fund I. The REITS are out and it is becoming a buyer’s market. There is abundance of liquidity in the capital markets and historically low rates. As the market evolves, due diligence times are getting shorter and credibility with sellers is more critical than ever. In the lifestyle niche, consolidation driven by mergers and acquisitions have left space in the market for nimble, growth-oriented companies but, to execute and be effective acquirers of the right assets, these companies must have capital at the ready.