Real Estate Lodging & Leisure (RELL)

Real Estate, Lodging, and Leisure (RELL) is one of the broader coverage areas in investment banking, and each sector is unique but can be broadly classified into three major segments:

• Real Estate: Based on unique purpose and utility, real estate can be categorized as residential, commercial, industrial, retail and healthcare
• Lodging: Corresponds to hotels, resorts, and cruise lines offering short-term stays
• Leisure: Refers to casinos and gaming, which may also include hotels and restaurants

RELL team is dedicated to serving the diverse needs of bulge-bracket Investment Banking clients worldwide. We excel in a wide range of critical workstreams, including crafting teasers, Iong and short profiles, investor opportunity decks, and standard pitchbook materials. Our expertise extends to delivering comprehensive valuation analysis, encompassing three-statement and DCF models, as well as M&A analysis. Additionally, we conduct ad-hoc analyses covering buy-ins, sensitivity, liquidity, and credit evaluations. Our team conducts extensive industry research across various sub-sectors, focusing on emerging themes, key drivers, market outlook, competitive landscapes, market headwinds, and investor demand.