To help establish a ballpark figure for the number of financial funds with dedicated capital to acquire hotels, Hotel News Now has started compiling the Hotel News Now Hotel Acquisition Funds List. Please bookmark this page and return often for updates. The latest update was completed 2 December 2013.
We’ve confirmed as many as possible, and we know this list is incomplete. We’re hoping our readers can help fill in the blanks. If you know of funds missing from this list, please drop Finance Editor Shawn A. Turner a line at shawn@hotelnewsnow.com with some of the details. We’ll keep your tip anonymous, and we’ll do everything we can to confirm the funds with the sponsoring fund and/or company. Highlighted funds are recent additions to the list.
Company |
Name of fund |
Equity size |
Target |
Contact |
| Acorn Fund Management | African Hospitality Growth Fund | $57 million | hotels built in South Africa by Hyatt | acornfundmanagement.co.uk |
| Aimbridge Hospitality | The Argonaut Fund | $100 million | full-service hotels | aimbridgehospitality.com |
| Apollo Global Management | Apollo Global Fund | $400 million | to purchase, renovateand reflag full-service hotels across the U.S. | |
| Apple REIT Companies | Apple REIT Nine | $2 billion | Upscale extended-stay, upscale select-service, full service hotels | applereitcompanies.com |
| Arden Group | Arden Real Estate Fund I | $125 million | US-based hotels | ardengroup.com/ |
| Arden Group | Arden Real Estate Partners 2 | $250 million | To acquire office properties and hotels that are mismanaged, undercapitalized or in need of renovation. | http://www.ardengroup.com/ |
| Argosy Real Estate | Argosy Real Estate Partners II, LP | $100 million to $200 million | Premium-branded select service and extended stay hotels throughout the United States. | argosyrealestate.com |
| Avington Financial | The Avingstone Fund | $366million | European hotel recovery opportunities | avfin.co.uk/ |
| Banyan Tree Holdings Limited | Banyan Tree China Hospitality Fund | $214 million | Onshore companies primarily making investments in China | banyantreeholdings.com/mainindex.php |
| Barcelona Hotel Group, Dow Hotel Company | Barcelona REIT One | $450 million | first-class, full-service hotels | dowhotelco.com |
| BayNorth Capital | BayNorth Realty Fund VII | $473 million | The fund generally focuses on properties in distress or are in need of repositioning. | www.baynorthcapital.com |
| Blackmore Capital | Blackmore Capital Branded Opportunities Fund | Focuses on brands such as Hilton, Holiday Inn, InterContinental and Crowne Plaza | blackmorecapital.co.uk/index.php | |
Blackstone Group |
Blackstone Real Estate Partners VI | $10.9 billion | hotels, global | blackstone.com |
| Blumberg Capital Partners | Blumberg Capital Partners Strategic Asset Fund | $1 billion | mixed-use, office buildings, | blumbergcapitalpartners.com |
| Brightside Acquisitions Group | Brightside's Global Fund | $700 million | unfinished or distressed hotels; highly motivated sellers; REIT-quality Luxury, Upper Upscale, Upscale, Midscale with F&B, Midscale w/o F&B |
danielldevelopment .com |
| Caerus Hospitality Partners | Caerus Hospitality Partners I | $40 million | premium budget economy hotels | caerushospitality.com |
| Carlyle Group | Carlyle Asia Partners lll | $2.55 billion | leveraged buyout transactions in Asia in targeted industries. | http://www.carlyle.com/content/carlyle-asia-partners-iii |
| Canyon Capital Realty Advisors | Canyon Johnson Urban Funds III | $1 billion | urban investment, including hotels | canyonpartners.com |
| Capri Capital Partners | Capri Select Income II | $312.5 million | high-yield commercial real estate and real-estate related assets | capricapital.com |
| Caribbean Property Group | Caribbeam Real Estate Opportunity Fund 2005 LP | $472 million | Focus on income-producing properties in the Caribbean and Central America. | www.cpgroup-pr.com |
| The Chatterjee Group Real Estate | Special Situations Fund | Rs 1,0600,000,000-crore ($195 million) | To invest in hotels and real estate sectors. | |
Columbia Pacific Advisors |
Columbia Pacific Opportunity Fund | $200 million | diversified | |
| Concord Hospitality Enterprises | Private Equity Fund | $300 million | distressed hotels and debt | concordhotels.com/ |
| Cornerstone Real Estate Advisors | Cornerstone Hotel Income & Equity Fund II | $446 million | full-service hotels, resorts, conference hotels |
cornerstoneadvisers .com/ |
| DLJ Real Estate Capital Partners | DLJ Real Estate Capital Partners IV | $200 million | repositionings, distressed debt, development | |
| Driftwood Hospitality Management | $400 million | Focus on acquiring and repositioning hotels across the U.S. | www.driftwoodhospitality.com | |
| Elena Baturina | Fund controlled by Elena Baturina | €200 million ($260.3 million) | To buy up to five hotels in the Irish market as part of plans to develop 14 4-star properties in Europe by 2015. | |
| Equity Group Investments LLC | Zell Credit Opportunities Fund LP | $625 million | distressed securities backed by assets | |
| Ethika Investments, LLC | Ethika's Diversified Opportunity Real Estate Fund | |||
Fairwood Capital LLC |
Fairwood Capital LLC | $150 million | acquire full-service hotels and premium branded select-service. | |
| The Fundo Soberano de Angola (Angola wealth fund) | Hotel Fund for Africa | $5 billion | Quality hotels on the continent of Africa. | |
| Geolo Capital | $150 million | Distressed hospitality assets in 3.5-, 4-star category | geolo.com | |
| Goldman Sachs Group | Goldman Real Estate Fund | upscaled and midscale hotels including Fairfield Inns, Residence Inns and Comfort Inns | www.gs.com | |
| Greenfield Partners | Greenfield Acquisition Partners V | $1 billion | hotels | greenfieldpartners.com |
| GreenOak | GreenOak U.S. Fund II | $10 million-$50 million/investment | Value-add properties in U.S. coastal gateway markets | www.greenoakrealestate.com |
| HEI Hotels & Resorts | HEI Hospitality Fund III, L.P | $515.4 million | full-service, upper-upscale and luxury hotels, resorts and premium select-service hotels in the U.S., Canada and the Caribbean | heihotels.com/ |
| Horizon Midway Group | Horizon Hotel Fund l | $250 million | three to four star full-service hotels and boutique hotels | |
| Hostmark Hospitality Group | Shamrock-Hostmark Hotel Fund LP | full-service and limited-service hotels in urban areas, under-performing hotels in stable markets | hostmark.com | |
| The Hotel Group | Hotel Group Opportunity Fund IV | $110 million | full-service hotels | thehotelgroup.com |
| Integrated Capital | IC Hospitality Fund I | $105 million | Full-service, select-service, extended-stay hotels | intcapllc.com/ |
| Integrated Capital | IC Hospitality Fund II | $200 million | Full-service, select-service and extended-stay hotels | www.intcapllc.com |
| Invesco Real Estate | €400 million ($527. 3 million) | Branded, mid-market hotels in the capital and secondary cities of each European country | http://www.invesco.com/portal/site/global/AboutUs/ | |
| Lodging Dynamics Hospitality Group | LD Hotel Group I | $60 million | Converting hotels to premium brands | www.lodgingdynamics.com |
| Nippon Hotel Fund Investment Corporation/ Japan Hotel & Resort | Japan Hotel & Resort and Nippon Hotel Fund | $224 million | to expand asset size of city hotels, resort hotels and business hotels in Asia regions including Singapore, China/Hong Kong, Thailand and Korea | |
| KABR Group/Capstone Realty | KABR Capstone Distressed Debt Fund | $50 million | Distressed mortgages, mostly hotels | |
| Kimpton | Kimpton Hospitality Partners | $246 million | Acquire, develop and re-develop boutique hotels. | www.kimptonhotels.com |
| Lowe Enterprises Investors | Lowe Hospitality Investment Partners II | $300 million | 150 to 600+ room full-service properties | loweenterprises.com/ |
| Macfarlan Capital Partners | Macfarlan Special Situations Fund I | $300 million target | distressed properties, high-end hotels | macfarlan.com/ |
| Magna Hospitality | Magna Hotel Fund III | $75 million | hotels | magnahospitality.com |
| Miller Global Properties | Miller Global Fund VI | high-quality hotel development, acquisition | millerglobal.com/ | |
| Montezemolo & Partners SGR; The Indian Hotels Company Limited | Charme ll fund | €350 million ($455 million) | ||
| Morgans Hotel Group | Yucaipa American Alliance Fund II | hotel real estate in North America | morganshotelgroup.com | |
| NextBridge Group | $100 million | repositionings, distressed debt, development (unfinished/motivated seller) | nextbridgegroup.com | |
| Noble Hospitality | Noble Hospitality Fund III | $310 million | hotel acquisition, development, redevelopment | nobleinvestment.com |
| Occasio Funds | Occasio Growth Fund l | Between $25 million and $100 million | To invest in U.S.-based premier luxury vacation properties located in top-tier destinations. | http://occasiofunds.com/funds |
| Odyssey Fund Management | Odyssey European Hotel Fund | $488 million | 3- and 4-star hotels in major and larger cities in Western Europe | odysseyre.nl/ |
| Oman Investment Fund | To invest in long-and-medium term projects within and outside Oman. | www.oif.com | ||
| Pebblebrook Hotel Trust | $350 million | properties in major U.S. cities | ||
| Perseus Capital Partners | Perseus Capital Partners | $166 million | Special situation - hotels and debt, undervalued, illiquid and complex assets (public and private securities) | www.perseuscp.com |
| Pyramid Hotels & Resorts | $275 million | luxury and upper-upscale hotels | ||
| RLJ Development LLC | RLJ Real Estate Fund III | $1.2 billion | acquire/develop upscale, focused-service hotels | rljhotels.com/ |
| RockBridge | RockBridge Hospitality Fund Vl | $350 million | hotels with total transaction capitalization between US$10 million and US$50 million | rockbridgecapital.com |
| Rockwood Capital | Rockwood Capital Real Estate Partners Fund VIII | $964 million | hotels in the United States | rockwoodcap.com/ |
| Shaner Hotel Group; Almanac Realty Investors | $100 million | The fund will target small to midsize hotel companies with financing ranging between $3 million and $30 million for both individual properties and portfolios. | http://www.shanercorp.com/ | |
| Sonnenblick Industries LLC | Sonnenblick Resort Land Fund | $110 million | beachfront development land for Resort hotels | www.SonnDev.com |
| Stockbridge Capital Partners | Stockbridge Real Estate Fund III | $2-$3 billion | hotels in high-barrier to entry markets, other real estate | |
| Tamesis Capital Limited | Tamesis Fund | £100 million ($149.6 million) | The purchase of existing hotels within the U.K. real estate market. | tamesiscapital.com |
| Thayer Hotel Investors | Thayer Hotel Investors Vl LP | $300 million | Full-service hotels in the United States’ top 25 markets. | |
| Thor Equities | Thor Urban Property Funds | Hotel, retail, office, residential | www.thorequities.com | |
| Torchlight Investors | Torchlight Debt Opportunity Fund IV | $1 billion | provide debt financing for various real estate sectors including multi-family, office and hotels. | http://www.torchlightinvestors.com/ |
| Union Investment | UII Hotel Nr. 1 | €250 million ($337 million) | Will focus on budget and midscale hotel real estate with an above-average location and operator concept. | www.union-investment.com/realestate |
| Viveris REIM | To study possible hotel investments. | http://www.viveris-reim.com/ | ||
| Waldeck Capital | Global Hospitality Recovery Fund | Up to $1 billion | luxury hotels | waldeckcapital.com |
| Waramaug Hospitality LLC | $150 million | U.S. select-service hotels | ||
| Yotel, IFA Hotels & Resorts, Kuwait Real Estate Company and The John Buck Company | $250 million | Expanding the Yotel brand with existing development sites and/or condominium interests in mixed-used development projects, non-hotel buildings that can be converted to Yotel hotels, and existing hotels that could be converted to Yotel hotels. | www.yotel.com |