Ohana Real Estate Investors

Name

Ohana Real Estate Investors

Legal name

Ohana Real Estate Investors LLC

Website

https://ohanare.com

Company type

Private

Founded year

2009

Operating status

Operating

Headcount range

51–100 employees

Ownership category

akta.pro rank

Product category

Hospitality Real Estate Investment

NAICS

Other Investment Pools and Funds (5259), Real Estate Property Managers (53131), Finance and Insurance (52)

SIC

Real Estate Dealers (For Their Own Account) (6532), Real Estate Agents & Managers (For Others) (6531), Hotels & Motels (7011)

akta.pro industry

PRIMARYBPAJAMAK

Real Estate Investment Management (Acquisitions & Dispositions)

Business & Public Services/Real Estate Services (Brokerage, Property Management)/Real Estate Asset & Portfolio Management

SECONDARYBPAJAMAE

Hospitality (Hotels & Resorts) Asset Management

Business & Public Services/Real Estate Services (Brokerage, Property Management)/Real Estate Asset & Portfolio Management

SECONDARYFSANAEAH

Real Estate Funds — Value-Add

Financial & Insurance/Private Equity & Venture Capital/Real Assets Funds (Infrastructure, Real Estate, Energy)

SECONDARYFSAEAJAC

Real Estate Investment Sales (Income-Producing Properties)

Financial & Insurance/Financial Advisory, Brokerage & Intermediation/Real Estate Advisory & Brokerage

Keywords

• Hospitality investments
• Real estate equity
• Hotel development
• Real estate credit
• Luxury hospitality

Headquarters

HQ city

Austin

HQ country

United States

HQ region

North America

Offices4 records

Markets served

GTM type

B2B

Offering type

Services

Cost components

Personnel, Operations, Marketing or Sales, Technology or R&D, Infrastructure

Revenue model

1. Asset Management Fees: Management fees from overseeing portfolio properties and investor capital. OREI Advisors LP provides SEC-registered investment advisory services.
2. Transaction/Acquisition Fees: Fees earned on property acquisitions, dispositions, and capital raising activities.
3. Carried Interest/Performance Fees: Performance-based carried interest from commingled fund vehicles and separate accounts. Compensation aligned with investor returns.
4. Debt Investment Returns: Interest income and origination fees from hotel debt investments including mezzanine loans, senior mortgages, and preferred equity. Partnership with CPP Investments on large mezzanine facilities.
5. Property Development Returns: Returns from development projects including Montage Healdsburg, Twin Dolphin master-planned community, and Montage Los Cabos. Retains ownership of residential parcels post-sale.

Pricing tiers

Go-to-market motion2 records

Distribution channels3 records

Marketing channels5 records

Core offering

Ohana Real Estate Investors acquires, finances, develops, and manages luxury hospitality and residential real estate assets across North America through two complementary strategies: Credit (debt investments in hospitality properties) and Equity (ownership and development of luxury hotels and mixed-use projects). The firm raises and manages capital from institutional investors and family offices through vehicles such as commingled funds and separate accounts, while operating as an SEC-registered investment adviser via its affiliate OREI Advisors LP.

Product overview

Ohana Real Estate Investors is a vertically integrated investment firm focused exclusively on luxury hospitality across North America. The firm operates through two primary investment strategies: Credit (debt investments including senior loans, mezzanine financing, and preferred equity) and Equity (acquisition, development, and asset management of full-service hotels and resort properties). The company structures investments through commingled fund vehicles and separate accounts, managing a portfolio of approximately $4 billion in assets spanning hospitality properties, residential communities, and mixed-use developments across key urban and resort markets.

Differentiator

Problem solved

Functional benefit

Products and services

• Hospitality Equity Investments
• Hospitality Credit Investments
• Residential Real Estate Investments
• Mixed-Use Hospitality & Residential Developments
• Commingled Fund Vehicles
• Separate Accounts

Quantifiable outcome

• Montage Beverly Hills sold for $415M ($2.1M per key) - highest per-room sale in California in 2019
• +4 more outcomes

Named customers12 records

Segments4 records

Ideal customer profiles3 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature4 records

Partnerships

Nine partnerships are on record, tiered minor and core.

• Project DestinedminorStrategic or Co-development Partner · 5 September 2024Partnership to launch inaugural Hotel & Hospitality Bridge Program, providing career development and training in hospitality real estate investment for emerging talent.
• Carbon LighthousecoreStrategic or Co-development Partner · 24 March 2021Partnership to implement AI-driven Efficiency Production solution at Waldorf Astoria Monarch Beach Resort. Expected to save $145,500 in energy costs in first year. Carbon Lighthouse leverages 100 million square feet of real CRE data to evaluate investment properties pre-acquisition.
• TeslacoreStrategic or Co-development Partner · 1 September 2020Tesla partnered with Twin Dolphin for unprecedented alternative energy project. Implemented first-of-its-kind energy solution including solar panels and battery storage systems to take 1,400-acre master-planned community completely off-grid. Project generates over 20 gigawatt-hours of electricity annually. Also implemented at Montage Healdsburg.
• Montage HotelscoreStrategic or Co-development PartnerLong-standing development and ownership partnership. Ohana developed and owned Montage Los Cabos (opened 2018) and Montage Deer Valley (opened 2010). Previously owned Montage Beverly Hills and Montage Healdsburg. Currently owns Montage Laguna Beach and Montage Beverly Hills Resort & Residences.
• HiltoncoreStrategic or Co-development PartnerMajor operator partnership across multiple properties. Hilton manages Waldorf Astoria Monarch Beach (previously Ohana-owned), Signia by Hilton La Cantera, and other portfolio properties. Ohana acquired properties with Hilton management agreements in place.
• Hyatt Hotels CorporationcoreStrategic or Co-development PartnerAcquired Hyatt Regency Lost Pines (2021) and Hyatt Regency Lake Washington (2024) directly from Hyatt affiliates. Hyatt continues to operate the properties under management agreements.
• Four Seasons Hotels and ResortscoreStrategic or Co-development PartnerOwnership partnerships across multiple Four Seasons properties including Scottsdale, Silicon Valley, Hualalai, Jackson Hole, and Nashville through debt and equity investments.
• Forbes Travel GuidecoreGTM or Marketing PartnerForbes Travel Guide named Ohana Hotel Ownership Group of the Year at The Summit in Monaco 2026. Recognition of portfolio of Forbes Travel Guide Star-Rated properties.
• CBREcoreGTM or Marketing PartnerCo-presented Hotel Ownership Group of the Year award with Forbes Travel Guide at The Summit in Monaco. Major commercial real estate services firm.

Scale indicators11 records

Recent moves5 records

Expansion highlights6 records

Direct peers

• KSL Capital Partners: KSL Capital Partners is a private equity firm focused exclusively on travel, leisure, and hospitality — the closest analog to Ohana in terms of sector focus and fund structure. KSL and Ohana have transacted directly (KSL sold Waldorf Astoria Monarch Beach to Ohana in 2019), confirming comparable deal sourcing and underwriting at the trophy luxury hotel level.
• Highgate Hotels: Highgate is a private hospitality investment, management, and development company operating and owning upper-upscale and luxury hotels across the US. It mirrors Ohana's vertical integration across ownership and asset management and competes directly for similar luxury and lifestyle opportunities in primary US markets.
• Sage Hospitality Group: Sage Hospitality is a privately held hospitality investment, development, and management company focused on lifestyle and luxury hotels and restaurants in major US markets. It is comparable in size, sector focus, and integrated model to Ohana, with overlapping owner/operator partnerships.

Broad incumbents

• Blackstone Real Estate: Blackstone is the largest global real estate PE platform with hospitality exposure through BREIT and BREIT Hospitality. It competes with Ohana for trophy hotel acquisitions, sets benchmark cap rates, and offers the institutional LP scale Ohana aspires to — but operates across all real estate asset classes rather than specializing in luxury hospitality.
• Brookfield Real Estate: Brookfield's Real Assets platform includes hospitality and resort investments globally alongside office, multifamily, retail, and logistics. Comparable in scale and institutional LP orientation, but broader in scope and not specialized in luxury US/Mexico hospitality like Ohana.
• Host Hotels & Resorts: Host is the largest publicly traded US lodging REIT, focused on luxury and upper-upscale properties under major brands. Operates as a perpetual capital vehicle with comparable asset profile to Ohana's equity book but at materially greater scale and public-market liquidity.

Emerging players

• Sunstone Hotel Investors: Sunstone is a publicly traded REIT focused on upper-upscale and luxury hotels owned long-term under major brand families. It acquired Montage Healdsburg from Ohana in 2021 for $265M, confirming direct transaction overlap and similar underwriting standards on luxury resort assets.
• Xenia Hotels & Resorts: Xenia is a publicly traded REIT focused on upper-upscale and luxury hotels. Xenia sold Hotel Commonwealth to Ohana in 2020 for $113M, evidencing direct transaction overlap on luxury urban hotel acquisitions and dispositions.
• Pebblebrook Hotel Trust: Pebblebrook is a publicly traded REIT focused on urban and resort lifestyle/luxury hotels, including West Coast and Sunbelt markets that overlap Ohana's footprint. Comparable guest and asset profile but operates as a perpetual vehicle versus Ohana's fund-based structure.
• Two Roads Hospitality: Two Roads Hospitality was a privately held lifestyle/luxury hotel owner-operator with development and asset management capabilities similar to Ohana, prior to its 2018 acquisition by Gehr Hospitality. It is included as a historical comparable model for vertically integrated lifestyle/luxury investment platforms.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat5 records

Key risks7 records

Key highlights7 records

Customer concentration

Revenue estimate

Valuation estimate

Number of profiles

Profiles8 records

Subsidiaries2 records

Funding overview

Funding rounds1 record

Investors1 record

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A1 record

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Ohana Real Estate Investors