Active Mandates & Opportunities

The Marketplace

Live buy-side capital, standing requirements, and featured development & joint-venture opportunities. If you hold an asset — or a requirement — that fits, let's talk.

Immediate Needs

Capital Actively Deploying

Mandates we are working directly. Third-party valuation is required before any asset is presented.

Buy-Side · National

Japanese Fund — US Hotel Portfolio Build

A Japanese fund is acquiring hotels across the US to build a portfolio. Location and class agnostic, with a purchase-price range from $2M up to $300M. Third-party valuation required before presentation.

Co-GP · $1B+

Luxury Hotel & Mixed-Use JV Search

A beverage-industry family office is deploying $1B+ into luxury hotel and mixed-use development on a Co-GP basis. Sole requirement: sponsor owns land free and clear. Project minimum $50M.

Client Requirements

Standing Buyer & Investor Criteria

Active mandates from groups we represent. Have your requirement listed on the bulletin — submit it below.

Select-Service & Above — $200M+

Investment group targeting select-service and above; portfolios welcome.

  • Hilton, Hyatt, Marriott, or independent that can be branded
  • Drive-to leisure markets, multiple demand drivers, high barrier to entry
  • RevPAR ~$100, unencumbered by management
  • Primary markets 6–7 cap; secondary/tertiary 8–10 cap

Japanese Style Onsen Resort — Land Site

International resort group entering the US market, seeking a hot-spring location for a Japanese-style onsen resort hotel. Budget is no concern; open to JV partners.

Luxury Select-Service Deployment — $300M+

Group deploying $300M+ into select-service and above; preference for luxury and Hilton, Hyatt, Marriott. Average deal size ~$50M.

Conversion Stock — Economy to Upper-Midscale

Group seeking economy, midscale, and upper-midscale hotels in the urban core for conversion to supportive/transitional housing.

Campus-Adjacent Hotels

Group seeking hotels within a half-mile radius of college campuses, ideally Power-conference universities.

Land, Entitled Sites & Office Conversions for Hotels

Group focused on Phoenix (Scottsdale) and Atlanta (Midtown), plus a tiered national list:

  • Tier 1 (very active): Los Angeles, Nashville, Austin, New York
  • Tier 2 (case-by-case): Vancouver, Toronto, Boston, Chicago, San Diego
  • Tier 3 (reactive): DC, Denver, Miami, Seattle, San Francisco

Hotel Management Company Acquisition

Buyers seeking further management-company acquisitions, with offers in the 8x–10x range.

Japanese Buyer — Single Asset, Off-Market

$75M–$150M for B/B+ assets in B-and-above neighborhoods. Strong preference for off-market. Seeking one asset — not portfolios.

  • Wood frame 22+ yrs (≥50% wood frame), brick 39+ yrs, reinforced concrete 47+ yrs
  • Top-2 cities of each state near well-known universities/school districts
  • Target IRR 15%
  • Multifamily & hotels in FL, TX, NV, LA, GA, SC, NC, NY, WA
Development & JV

Featured Opportunities

Current development sites and joint-venture opportunities available through our network.

CA · San Diego

Downtown Entitled Mixed-Use Site

1.5-acre downtown site entitled for an upper-upscale 300-room hotel, ~25,168 sf leasable retail, and 48 for-sale condominiums.

~$180M project cost
CO · Frisco

Upscale Hotel Development

27-key hotel with ~3,500 sf in-house F&B. Adjacent lot available to expand to 80–90 keys via skybridge.

~$70M total project cost
TN · Pigeon Forge

Hotel Development Site

5 acres off-market, ~$450–500/sf, adjacent to a proposed Ritz-Carlton. Partial take-down available.

Off-market · inquire
TX · Austin

Hotel Development Site

8.2 acres across two parcels, LI-PDA zoning permitting 95-ft heights. Guidance ~$40,000/unit per the yield study.

~$25.5M
TX · Houston

Entitled Mixed-Use Site

~2.77-acre triangular site for a 405-room hotel, ~61,644 sf retail, and 120 for-sale condos. Open to JV.

$35M
TX · Houston · JV

Downtown Residential/Hotel JV

Sponsor redeveloping a vacant downtown building into ~400 apartments + a 400-room hotel. Seeking a partner for the hotel component; sponsor retains residential.

JV partnership
UT · Virgin (Zion)

Ultra-Luxury Resort

45+ acre parcel at Zion National Park entitled for 80 keys.

~$82M capital investment
JPN · Niseko, Hokkaido

Ski-Out Hotel & Condo

Redevelopment of an existing hot-spring ryokan into a modern extended-stay hotel.

~$73M total project cost
JPN · Hakuba, Nagano

Iwatake Village Mixed-Use Renewal

Renewal of Iwatake Village in Hakuba, Japan — mixed-use resort development.

¥3.3B (~$22M)

Have an Asset or a Requirement?

Submit your hotel for valuation, or list a buyer requirement on the bulletin. All inquiries are handled confidentially.

Submit an Opportunity Contact Dino