Napa Valley’s Historic Silverado Resort and Spa Acquired by KSL Capital Partners and Arcade Capital
Denver, CO (February 1, 2022) – KSL Capital Partners, LLC (KSL) and Arcade Capital LLC announced today the acquisition by their affiliates of the iconic Silverado Resort and Spa, a luxury resort in the heart of Napa Valley wine country. Terms were not disclosed. A 2021 Trip Advisor Traveler’s Choice Award Winner and an annual…
6 Annual Events You Need to Check out in the Hudson Valley￼￼
A relatively short drive from New York City, Minnewaska Lodge is a holistic retreat surrounded by 25,000 acres of preserved wilderness, including the Shawangunk Mountains, the Mohonk Preserve, and Minnewaska State Park. Guests can hike these areas and enjoy free weekend activities or venture past these boundaries to take in the beauty of the Hudson…
The Benefits of Short-Term Goals and 3 That Can Help Change Your Life
Setting and accomplishing short-term goals can give you the confidence to achieve larger aspirations.
Will Obeid – Wellness and Hospitality Real Estate Investor
An executive in the real estate development and investment industry, Will Obeid has led Arcade Capital LLC as principal for the last six years. He established the firm to capitalize on opportunities in the global wellness economy, a growing industry worth more than $4.2 trillion. To this end, Will Obeid focuses on boutique urban and destination resort properties in major markets; residential, multi-family, co-living properties; and experiential retail concepts. He is skilled in acquisition selection, financial analysis, brand development, and management of operations teams.
Previously, Mr. Obeid worked with Kushner Companies to launch a new hospitality division for the family office. As head of hospitality, he spent two years sourcing new projects. He also oversaw the development of the popular and much-lauded Wave Resort and played a vital role in early-stage planning for several other hotel development projects.
Mr. Obeid is a forward-thinking executive with an intuitive ability to spot trends quickly. After the release of the IRS Revenue Procedure 2002-22, he created tax-efficient property investments for 1031 investors, which he managed. He co-founded Gemini Real Estate Advisors LLC in 2003, and as CEO and president, Mr. Obeid guided nearly all of his firm’s activities, from property acquisitions to capital formation and asset management. Over the course of the next decade, he saw Gemini’s portfolio grow to a valuation of over $1.5 billion across more than 4 million square feet of retail space, 15 hotels in Miami, New York, and Boston. Gemini’s real estate portfolio of hotels and retail assets was spread across 14 different states.
Mr. Obeid began his career as an investment banker, working with Smith Barney (now Citigroup) and The Blackstone Group. He also worked as director of finance for a family office in Jakarta, Indonesia, where he was responsible for restructuring two portfolio companies in Hong Kong with manufacturing facilities in mainland China.