Penrose Hotel $10.00 million Fundraising. Bruce H Benson Released Aug 10 Form D

August 10, 2017 - By test

Penrose Hotel Financing

Penrose Hotel, Llc, Limited Liability Company just filed form D regarding $10.00 million equity financing. This is a new filing. Penrose Hotel was able to finance itself with $250,000 so far. That is 2.50 % of the fundraising. The total fundraising amount was $10.00 million. The financing document was filed on 2017-08-10. The reason for the financing was: unspecified. The fundraising still has about $9.75 million more and is not closed yet. We have to wait more to see if the offering will be fully taken.

Penrose Hotel is based in Washington. The filler’s business is Other Real Estate. The form D was filed by Bruce H Benson Authorized Signatory. The company was incorporated in 2015. The filler’s address is: 1326 Fifth Ave, Ste 654, Seattle, Wa, Washington, 98101. Stephen Day is the related person in the form and it has address: 1326 5Th Avenue, Suite 654, Seattle, Wa, Washington, 98101. Link to Penrose Hotel Filing: 000166515417000001.

Analysis of Penrose Hotel Offering

On average, firms in the Other Real Estate sector, sell 100.00 % of the total offering amount. Penrose Hotel sold 2.50 % of the offering. The financing is still open. The average investment floor size for companies in the Other Real Estate industry is $931,000. The offering was 73.15 % smaller than the average of $931,000. Of course this should not be interpreted as negative. Firms raise funds for a variety of needs and reasons. The minimum investment for this fundraising is set at $250000. If you know more about the reasons for the fundraising, please comment below.

What is Form D? What It Is Used For

Form D disclosures could be used to track and understand better your competitors. The information in Form D is usually highly confidential for ventures and startups and they don’t like revealing it. This is because it reveals amount raised or planned to be raised as well as reasons for the financing. This could help competitors. Entrepreneurs usually want to keep their financing a ‘secret’ so they can stay in stealth mode for longer.

Why Fundraising Reporting Is Good For Penrose Hotel Also

The Form D signed by Bruce H Benson might help Penrose Hotel, Llc’s sector. First, it helps potential customers feel more safe to deal with a firm that is well financed. The odds are higher that it will stay in the business. Second, this could attract other investors such as venture-capital firms, funds and angels. Third, positive PR effects could even bring leasing firms and venture lenders.

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