Form D On Watch: Gmi-Palmdale Hospitality $5.18 million Financing. William P Glass Released Jul 11 SEC Form

Real Estate Gmi-Palmdale Hospitality, Lp - William P Glass

Gmi-Palmdale Hospitality Financing

Gmi-Palmdale Hospitality, Lp, Limited Partnership just released form D about $5.18 million equity financing. The date of first sale was 2016-05-26. Gmi-Palmdale Hospitality was able to sell $2.54 million so far. That is 49.15% of the offering. The total financing amount was $5.18 million. The financing document was filed on 2016-07-11. The reason for the financing was: In addition, broker dealers will share in a portion of the issuer distributions, and issuer may pay or reimburse to broker dealers certain marketing and other expenses, and may pay an additional 0.3% non-accountable marketing allowance. The fundraising still has about $2.63 million more and is not closed yet. We have to wait more to see if the offering will be fully taken.

Gmi-Palmdale Hospitality is based in Texas. The firm’s business is Other Real Estate. The D form was signed by William P Glass Manager, GMI-Palmdale Hospitality GP, LLC, general partner. The company was incorporated in 2015. The filler’s address is: 251 O’connor Ridge Blvd., Suite 100, Irving, Tx, Texas, 75038. William P. Glass is the related person in the form and it has address: 251 O?Connor Ridge Blvd., Suite 100, Irving, Tx, Texas, 75038. Link to Gmi-Palmdale Hospitality Filing: 000166984916000004.

Analysis of Gmi-Palmdale Hospitality Offering

On average, companies in the Other Real Estate sector, sell 100.00% of the total offering amount. Gmi-Palmdale Hospitality sold 49.15% of the offering. The fundraising is still open. The average fundraising amount for companies in the Other Real Estate industry is $931,000. The total amount raised is 173.34% bigger than the average for companies in the Other Real Estate sector. The minimum investment for this fundraising was set at $0. 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 Gmi-Palmdale Hospitality Also

The Form D signed by William P Glass might help Gmi-Palmdale Hospitality, Lp’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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