EFDID: 165788EFD: Raw Data

Issuer: GMI-PALMDALE HOSPITALITY, LP (0001669849) - D

Accession: 0001669849-16-000001 () (EDGAREDGAR Files) (Form DForm D)

Edgar Posted: May. 31, 2016
EFD Posted: May. 31, 2016
- < edgarSubmission >
  < schemaVersion > X0707 </ schemaVersion >
  < submissionType > D </ submissionType >
  < testOrLive > LIVE </ testOrLive >
- < primaryIssuer >
  < cik > 0001669849 </ cik >
  < entityName > GMI-PALMDALE HOSPITALITY, LP </ entityName >
- < issuerAddress >
  < street1 > 251 O'CONNOR RIDGE BLVD., SUITE 100 </ street1 >
  < city > IRVING </ city >
  < stateOrCountry > TX </ stateOrCountry >
  < stateOrCountryDescription > TEXAS </ stateOrCountryDescription >
  < zipCode > 75038 </ zipCode >
  </ issuerAddress >
  < issuerPhoneNumber > 972-759-8725 </ issuerPhoneNumber >
  < jurisdictionOfInc > TEXAS </ jurisdictionOfInc >
- < issuerPreviousNameList >
  < value > None </ value >
  </ issuerPreviousNameList >
- < edgarPreviousNameList >
  < value > None </ value >
  </ edgarPreviousNameList >
  < entityType > Limited Partnership </ entityType >
- < yearOfInc >
  < withinFiveYears > true </ withinFiveYears >
  < value > 2015 </ value >
  </ yearOfInc >
  </ primaryIssuer >
- < relatedPersonsList >
- < relatedPersonInfo >
- < relatedPersonName >
  < firstName > William </ firstName >
  < middleName > P. </ middleName >
  < lastName > Glass </ lastName >
  </ relatedPersonName >
- < relatedPersonAddress >
  < street1 > 251 O?Connor Ridge Blvd., Suite 100 </ street1 >
  < city > Irving </ city >
  < stateOrCountry > TX </ stateOrCountry >
  < stateOrCountryDescription > TEXAS </ stateOrCountryDescription >
  < zipCode > 75038 </ zipCode >
  </ relatedPersonAddress >
- < relatedPersonRelationshipList >
  < relationship > Executive Officer </ relationship >
  < relationship > Promoter </ relationship >
  </ relatedPersonRelationshipList >
  < relationshipClarification > Gentry Mills Capital, LLC, which is owned by William P. Glass, owns the general partner of the issuer and is the initial limited partner of the issuer </ relationshipClarification >
  </ relatedPersonInfo >
- < relatedPersonInfo >
- < relatedPersonName >
  < firstName > Scott </ firstName >
  < lastName > Palmer </ lastName >
  </ relatedPersonName >
- < relatedPersonAddress >
  < street1 > 251 O?Connor Ridge Blvd., Suite 100 </ street1 >
  < city > Irving </ city >
  < stateOrCountry > TX </ stateOrCountry >
  < stateOrCountryDescription > TEXAS </ stateOrCountryDescription >
  < zipCode > 75038 </ zipCode >
  </ relatedPersonAddress >
- < relatedPersonRelationshipList >
  < relationship > Promoter </ relationship >
  </ relatedPersonRelationshipList >
  < relationshipClarification > Mr. Glass and Scott Palmer will share equally in all net profits that may be derived by Gentry Mills Capital, LLC in connection with this offering, including its ownership of the general partner and its initial limited partner interest </ relationshipClarification >
  </ relatedPersonInfo >
  </ relatedPersonsList >
- < offeringData >
- < industryGroup >
  < industryGroupType > Other Real Estate </ industryGroupType >
  </ industryGroup >
- < issuerSize >
  < revenueRange > Decline to Disclose </ revenueRange >
  </ issuerSize >
- < federalExemptionsExclusions >
  < item > 06b </ item >
  </ federalExemptionsExclusions >
- < typeOfFiling >
- < newOrAmendment >
  < isAmendment > false </ isAmendment >
  </ newOrAmendment >
- < dateOfFirstSale >
  < value > 2016-05-26 </ value >
  </ dateOfFirstSale >
  </ typeOfFiling >
- < durationOfOffering >
  < moreThanOneYear > false </ moreThanOneYear >
  </ durationOfOffering >
- < typesOfSecuritiesOffered >
  < isEquityType > true </ isEquityType >
  </ typesOfSecuritiesOffered >
- < businessCombinationTransaction >
  < isBusinessCombinationTransaction > false </ isBusinessCombinationTransaction >
  < clarificationOfResponse />
  </ businessCombinationTransaction >
  < minimumInvestmentAccepted > 0 </ minimumInvestmentAccepted >
  < salesCompensationList />
- < offeringSalesAmounts >
  < totalOfferingAmount > 5177515 </ totalOfferingAmount >
  < totalAmountSold > 18300 </ totalAmountSold >
  < totalRemaining > 5159215 </ totalRemaining >
  < clarificationOfResponse />
  </ offeringSalesAmounts >
- < investors >
  < hasNonAccreditedInvestors > false </ hasNonAccreditedInvestors >
  < totalNumberAlreadyInvested > 1 </ totalNumberAlreadyInvested >
  </ investors >
- < salesCommissionsFindersFees >
- < salesCommissions >
  < dollarAmount > 440089 </ dollarAmount >
  < isEstimate > true </ isEstimate >
  </ salesCommissions >
- < findersFees >
  < dollarAmount > 0 </ dollarAmount >
  </ findersFees >
  < clarificationOfResponse > 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 </ clarificationOfResponse >
  </ salesCommissionsFindersFees >
- < useOfProceeds >
- < grossProceedsUsed >
  < dollarAmount > 362426 </ dollarAmount >
  < isEstimate > true </ isEstimate >
  </ grossProceedsUsed >
  < clarificationOfResponse > Amount shown is payable to the issuer's general partner, to be shared equally by such persons. In addition, the issuer will pay offering and other cost reimbursements and bridge loan repayments to or for such persons or the general partner. </ clarificationOfResponse >
  </ useOfProceeds >
- < signatureBlock >
  < authorizedRepresentative > false </ authorizedRepresentative >
- < signature >
  < issuerName > GMI-PALMDALE HOSPITALITY, LP </ issuerName >
  < signatureName > William P. Glass </ signatureName >
  < nameOfSigner > William P. Glass </ nameOfSigner >
  < signatureTitle > Manager, GMI-Palmdale Hospitality GP, LLC, general partner </ signatureTitle >
  < signatureDate > 2016-05-31 </ signatureDate >
  </ signature >
  </ signatureBlock >
  </ offeringData >
  </ edgarSubmission >
Edgar Posted: May. 31, 2016
EFD Posted: May. 31, 2016