What The Chartres Lodging Group, LLC does

The Chartres Lodging Group, LLC is a San Francisco-based private equity investment firm founded in 2002 that invests exclusively in the hospitality/lodging sector. The firm identifies, acquires, repositions, renovates, asset-manages, and ultimately disposes of hotel properties — primarily upscale and upper-upscale urban and convention hotels, luxury resorts, and conference centers — for institutional and select private investors. Its core technology is a proprietary "Deep Dig" research methodology that underpins underwriting, repositioning strategy, and renovation planning; the firm has managed $1 billion in renovation dollars and executed complex transactions spanning fee simple, leasehold, partial leasehold, and condominium structures, both on-market and off-market. The firm is reported to have acquired and repositioned $3 billion of hotel assets at a 27% IRR across two economic cycles, with a portfolio spanning the United States and Japan.

Chartres' go-to-market is enterprise field sales, sourcing opportunities through principal-led relationships and closing investments on a deal-by-deal basis with institutional co-investors such as KKR, Goldman Sachs, Morgan Stanley, Apollo Global Real Estate, Host Hotels & Resorts, Elliot Management, Rockwood Capital, The Townsend Group, and Dubai Investment Group. The firm earns revenue through principal investment returns, asset management fees, and disposition promote on hotel assets. It also operates Sightline Hospitality, a wholly-owned independent hotel management subsidiary that gives Chartres control of the operating layer post-acquisition. The firm is led by co-founders Robert D. Kline (CEO, Cornell SHA '84, formerly of Strategic Hotel Capital and The Yarmouth Group/Lend Lease) and Maki Nakamura Bara (President, UCLA), supported by a small team (11–50 employees) of Cornell-trained principals, with offices in San Francisco, Los Angeles, and New York.

Name

The Chartres Lodging Group, LLC

Legal name

The Chartres Lodging Group, LLC

Website

https://chartreslodging.com

Company type

Private

Founded year

2008

Operating status

Operating

Headcount range

11–50 employees

Short description

The Chartres Lodging Group is a San Francisco-based private equity firm investing exclusively in hospitality, acquiring, repositioning, renovating, and disposing of upscale and luxury hotel assets in the U.S. and Japan for institutional and select private investors.

Ownership category

akta.pro rank

Product category

Hospitality Investment & Asset Management

NAICS

Hotels (except Casino Hotels) and Motels (72111)

SIC

Hotels & Motels (7011), Real Estate Agents & Managers (For Others) (6531)

akta.pro primary industry

Independent Motels (THAGAFAL)

Keywords

• Hotel investment management
• Hospitality asset management
• Lodging private equity
• Hotel repositioning services
• Hotel renovation advisory

Headquarters

HQ city

San Francisco

HQ country

United States

HQ region

North America

Offices3 records

Markets served

GTM type

B2B

Offering type

Services

Cost components

Personnel, Operations, Marketing or Sales

Revenue model

1. Hotel Investment Management: Chartres Lodging generates returns through acquiring, repositioning, redeveloping, and monetizing hotel assets. The firm invests as a principal and alongside institutional investors, earning returns through successful asset appreciation, renovation value-add, and strategic dispositions of hotel properties.

Go-to-market motion1 record

Distribution channels1 record

Marketing channels4 records

Core offering

The Chartres Lodging Group is a private equity investment firm focused exclusively on the hospitality/lodging sector. The firm identifies, acquires, repositions, renovates, asset manages, and disposes of institutional-quality hotel assets, investing as a principal and alongside institutional investors in off-market and on-market opportunities across the USA and Japan. It also owns Sightline Hospitality, an independent hotel management company that provides operational services for portfolio assets.

Product overview

Chartres Lodging Group is a premier private equity investment firm focused exclusively on the hospitality/lodging sector. The company operates a unified platform of investment and asset management services, combining their proprietary 'deep dig' research process with hands-on operational expertise. The product portfolio centers on their core investment management services including sourcing, acquisition, re-positioning, renovation, asset management, and disposition of hotel properties. They also own Sightline Hospitality, an independent hotel management company, enabling them to control both the investment and operational aspects of assets. Their investment approach focuses on identifying underperforming or undervalued lodging assets where they can add significant value through physical transformation and operational improvements.

Differentiator

Problem solved

Functional benefit

Products and services

• Investment Sourcing Sourcing service that identifies lodging assets ripe for repositioning or renovation, focused on off-market and on-market opportunities the firm is willing to personally invest in. Intended for institutional and select private lodging investors.
• Acquisition Services Acquisition advisory and execution covering complex transaction structures including fee simple, leasehold, partial leasehold, condominium, single-asset and multi-asset portfolios. Serves institutional investors and co-investors.
• Hotel Re-Positioning Services Execution of asset strategies including conversions, partial time-share renovation and sale, re-branding, de-flagging, space re-purposing, guestroom count increases, meeting space expansion, restaurant openings and closings, and management company changes for hotel owners and investors.
• Renovation Strategy & Budget Management Large-scale renovation program management covering PIP re-scoping and negotiation, budgeting, scheduling, partial and full closure planning, and interior/exterior renovations across guestrooms, public spaces, and back-of-house; the firm has managed $1 billion in renovation dollars.
• Management Agreement Negotiation Negotiation of Hotel Management Agreements with major brand and institutional third-party hotel management companies on behalf of hotel investors and owners.
• Property Conversion Conversion of hotel properties to new brands or from brand to independent, including adaptive re-use to hotel (e.g., Hyatt Centric Waikiki). Targeted at hotel investors and real estate owners.
• Hotel Asset Management Asset management for upscale and upper-upscale urban lodging assets including large convention hotels, employing proprietary asset management strategies and systems across the USA and Japan.
• Disposition Services Strategic disposition of institutional-quality hotel assets, adhering to original investment plans and targeted performance thresholds for institutional and private investors.
• Sightline Hospitality Wholly-owned independent hotel management company providing operational management services for repositioned and converted hotel properties, enabling Chartres to control both investment and operational aspects of assets.

Quantifiable outcome

• $3 billion of hotel assets acquired and repositioned
• +3 more outcomes

Named customers15 records

Segments3 records

Ideal customer profiles3 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature1 record

Partnerships

One partnership is on record.

• Sightline HospitalitycoreStrategic or Co-development PartnerIndependent hotel management company owned by Chartres Lodging that provides management services for repositioned and converted hotel properties, enabling integrated investment and operational expertise.

Scale indicators9 records

Recent moves5 records

Expansion highlights5 records

Direct peers

• Pebblebrook Hotel Trust: Pebblebrook Hotel Trust is a publicly traded REIT that invests in upscale urban and resort hotels, similar to Chartres's investment focus. It acquires and repositions hotel properties for capital appreciation, sharing Chartres's value-add approach but with a public REIT structure.
• KSL Capital Partners: KSL Capital Partners is a private equity firm dedicated to travel, leisure, and hospitality investments. It is a directly comparable hospitality-focused PE peer with a similar operating-partner approach and institutional LP base to Chartres.
• Sage Hospitality: Sage Hospitality is a privately held hotel management, investment, and development firm operating upscale hotels. It mirrors Chartres's integrated investment-and-management approach and serves as a comparable operating platform in boutique hospitality investment.
• Hersha Hospitality Trust: Hersha Hospitality Trust (now part of Hyatt) was a hotel REIT focused on upscale urban gateway hotels, comparable to Chartres's investment focus on urban and convention hotels. Its acquisition history parallels Chartres's value-add repositioning strategy.
• Carey Watermark Investors: Carey Watermark Investors was a non-traded REIT focused exclusively on hotel investments, directly comparable to Chartres's hotel investment focus. Both vehicles acquired and repositioned hotel assets for institutional and private investors.
• RLJ Lodging Trust: RLJ Lodging Trust is a publicly traded hotel REIT focused on acquiring and asset-managing upscale hotels. Its investment approach parallels Chartres's value-add focus on upper-upscale properties, though through a public REIT vehicle.
• Highgate Hotels: Highgate Hotels is a leading hotel management, investment, and development company operating a portfolio of upscale and luxury hotels. Like Chartres, it combines investment capabilities with operating expertise and serves institutional capital partners in hospitality real estate.
• HEI Hotels & Resorts: HEI Hotels & Resorts is a hotel owner and operator backed by Blackstone that acquires, repositions, and manages upscale full-service and lifestyle hotels. It is directly comparable to Chartres's investment thesis and the Sightline Hospitality operating model.

Broad incumbents

• Brookfield Asset Management: Brookfield Asset Management is one of the world's largest alternative asset managers with a significant real estate private equity division that invests across lodging. It is a comparable PE investment model but at vastly larger scale and broader mandate than Chartres's hotel focus.
• Park Hotels & Resorts: Park Hotels & Resorts is a major publicly traded hotel REIT spun off from Hilton, owning a large portfolio of upscale and luxury hotels. It shares Chartres's lodging investment focus but operates at materially greater scale as a public incumbent.

Market position

Strengths4 records

Weaknesses4 records

Competitive moat5 records

Key risks4 records

Key highlights6 records

Customer concentration

Revenue estimate

Valuation estimate

Number of profiles

Profiles8 records

Subsidiaries1 record

Funding overview

Funding rounds

Investors

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

M&A

Investments

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

Frequently asked questions about The Chartres Lodging Group, LLC