Madison Capital Group Launches Qualified Opportunity Zone Fund Focused on Downtown Reno Hospitality Redevelopment
AI Briefing
- • Madison Capital Group launches Madison Reno Hotel QOF, a qualified opportunity fund for downtown Reno hospitality redevelopment.
- • The QOF focuses on redeveloping a landmark hospitality asset in downtown Reno, driven by favorable demographic trends.
- • CEO Ryan Hanks sees long-term redevelopment potential in the Reno market.
Source Summary
RENO, Nev.--(BUSINESS WIRE)-- #Hospitality--Madison Capital Group, a Charlotte-based vertically integrated real estate investment firm, today announced the launch of Madison Reno Hotel QOF, LLC, a qualified opportunity fund (“QOF”) focused on the redevelopment of a landmark hospitality asset located in downtown Reno.“We believe the Reno market presents a compelling combination of favorable demographic trends, tourism demand, business migration and long-term redevelopment potential,” said Ryan Hanks, CEO of Mad
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