What Cedar Capital Partners does

Cedar Capital Partners is a privately held, hospitality-focused real assets investment manager founded in 2004 by Ramsey Mankarious. The firm invests exclusively in the hospitality sector with an emphasis on luxury, full-service, and lifestyle hotels, and reports $4 billion+ of cumulative investments since inception across marquee properties including the Savoy London, Monte Carlo Grand, a €700m Paris portfolio, the Amstel Amsterdam portfolio, Six Senses Porto Heli, and most recently the Penha Longa Resort and Garden Beach Hotel acquired via a March 2026 joint venture with L Catterton Real Estate. It maintains operational offices in London (HQ), New York, and Luxembourg, indicating a tri-polar structure aligned with capital sources, US deal flow, and European fund/regulatory infrastructure. The 18-person team is staffed by alumni of Goldman Sachs, Kingdom Holding, Hilton, Amaris Hospitality, HVS, Four Seasons, AccorInvest, and École hôtelière de Lausanne, organized into acquisition, asset management, and capital expenditure functions.

The firm's offerings comprise four interlocking components: (1) a core Luxury Hotel Investment Platform that acquires and repositions iconic five-star hotels, (2) the L Catterton Real Estate JV targeting 10-15 landmark properties across Europe and North America, (3) the Lifestyle Hotel Fund, Europe launched in January 2025 as a dedicated European vehicle, and (4) Hotel Asset Management Services covering acquisitions, development, and capital expenditure programs. Business model mechanics center on deploying co-investment capital alongside institutional partners, charging asset management and advisory fees on managed assets, earning acquisition fees on transactions, and capturing performance economics on exits; no fee schedule is publicly disclosed.

Geographically the firm operates across the UK, France, Monaco, Switzerland, Czechia, Italy, Portugal, Greece, Netherlands, Austria, Hungary, Germany, Spain, and the US, with additional deal-engineering mandates alongside CBE Capital (Greece/Crete), RB Capital/Oetker (La Palma Capri), and the Reuben Brothers (Corinthia Rome). Customer cohorts are institutional co-investors, family offices, and JV partners rather than end-consumers; named JV/co-invest relationships are concentrated with L Catterton at the core tier and three secondary partners at the minor tier, implying meaningful relationship concentration risk against an otherwise diversified deal book. Cedar is founder-controlled, has no parent company or private equity backing, and does not appear in any public listing or fundraising registry.

Name

Cedar Capital Partners

Legal name

Cedar Capital Partners

Website

https://cedarcp.com

Company type

Private

Founded year

2004

Operating status

Operating

Headcount range

11–50 employees

Short description

Cedar Capital Partners is a privately held hospitality-focused real assets investment firm founded in 2004 that acquires, repositions, and asset-manages luxury, full-service, and lifestyle hotels across Europe and North America for institutional capital partners and family offices, with $4 billion+ in cumulative investments.

Ownership category

akta.pro rank

Product category

Hospitality Real Estate Investment

NAICS

Portfolio Management and Investment Advice (523940), Funds, Trusts, and Other Financial Vehicles (525), Lessors of Other Real Estate Property (53119)

SIC

Real Estate Dealers (For Their Own Account) (6532), Investment Advice (6282), Investors, Nec (6799)

akta.pro primary industry

Corporate Strategic Real Assets & Infrastructure Venture Investing (FSANAHAN)

Keywords

• Hospitality investment
• Luxury hotel acquisitions
• Hotel asset management
• Real estate private equity
• Lifestyle hotel fund

Headquarters

HQ city

London

HQ country

United Kingdom

HQ region

Europe

Offices3 records

Markets served

GTM type

B2B

Offering type

Services

Cost components

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

Distribution channels1 record

Marketing channels1 record

Core offering

Cedar Capital Partners is a private hospitality investment firm that acquires, repositions, and asset-manages luxury, full-service, and lifestyle hotels across Europe and North America. It delivers this through a luxury hotel investment platform, a dedicated Lifestyle Hotel Fund focused on European assets, a strategic joint-venture luxury hospitality platform with L Catterton Real Estate, and active hotel asset management services spanning acquisitions, development, and capital expenditure programs.

Product overview

Cedar Capital Partners operates as a private equity real assets investment firm exclusively focused on the hospitality sector, specializing in luxury, full-service, and lifestyle hotels. The firm utilizes a platform-plus-services architecture consisting of: (1) a core Luxury Hotel Investment Platform for acquiring and managing hotel assets, (2) a Joint Venture with L Catterton Real Estate for a 10-15 property luxury hospitality platform targeting Europe and North America, (3) a Lifestyle Hotel Fund for European assets, and (4) Hotel Asset Management Services covering acquisitions, development, and capital expenditure programs. Founded in 2004 with over $4 billion in investments, the firm maintains offices in London, New York, and Luxembourg.

Differentiator

Problem solved

Functional benefit

Products and services

• Luxury Hotel Investment Platform Core investment platform that acquires, transforms, and repositions iconic five-star hotels across Europe and North America on behalf of investors; exclusive focus on luxury, full-service, and lifestyle hospitality.
• Lifestyle Hotel Fund, Europe European-focused investment fund for lifestyle hotel assets managed by Cedar Capital Partners; vehicles targeting lifestyle-oriented hotel properties with distinctive character and positioning across European markets.
• L Catterton Real Estate Luxury Hospitality Platform (Joint Venture) Strategic joint venture launched with L Catterton Real Estate to acquire and transform iconic five-star hotels in Europe and North America; targets 10–15 flagship landmark properties with initial acquisitions of Garden Beach Hotel in France and Penha Longa Resort in Portugal.
• Hotel Asset Management Services Active asset management services covering hotel acquisitions, development, asset management, and capital expenditure programs for luxury hotel owners and investors.

Segments3 records

Ideal customer profiles2 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Partnerships

Four partnerships are on record, tiered minor and core.

• CBE CapitalminorStrategic or Co-development Partner · 18 May 2026CBE Capital acquiring a stalled development on Crete as part of bank-driven soft restructuring. Cedar Capital mentioned as having unlocked other complex hospitality deals in Greece and Italy alongside CBE.
• L Catterton Real EstatecoreStrategic or Co-development Partner · 30 March 2026Strategic joint venture to develop a luxury hospitality platform across Europe and North America, focusing on acquiring and transforming iconic five-star hotels. First acquisitions include Garden Beach Hotel in France and Penha Longa Resort in Portugal. Platform aims to build 10-15 flagship assets in top urban and tourist destinations.
• RB CapitalminorStrategic or Co-development PartnerJoint venture engineered between RB Capital and Oetker Collection to relaunch La Palma in Capri. Cedar Capital involved in engineering this partnership.
• Reuben BrothersminorStrategic or Co-development PartnerCedar Capital has completed work on The Corinthia Rome for the Reuben Brothers.

Scale indicators4 records

Recent moves7 records

Expansion highlights5 records

Broad incumbents

• Starwood Capital Group: Barry Sternlicht's alternative asset manager with deep hospitality and lodging investment activity (Baccarat, 1 Hotels); broader portfolio but the most direct large-scale competitor for trophy hotel acquisitions.
• Brookfield Real Estate: Global real assets platform with hospitality investment activity and the capital scale to compete for trophy hotel portfolios; differs from Cedar by spanning office, multifamily and logistics.
• Host Hotels & Resorts: US lodging REIT focused on luxury and upper-upscale hotels operated under Marriott, Hilton and Hyatt flags; operates rather than acquires for Cedar-style repositioning but a frequent competitor for prime asset acquisitions.
• Sunstone Hotel Investors: US lodging REIT focused on long-term upper-upscale and luxury hotel ownership; connects to Cedar through advisory board member Lewis Wolff, former Co-Chairman; comparable asset class focus but public REIT structure.
• DiamondRock Hospitality: US lodging REIT focused on upscale and luxury full-service hotels in gateway markets and resort destinations; active competitor in prime urban and resort luxury hotel acquisitions.
• Pebblebrook Hotel Trust: US lodging REIT concentrated in urban lifestyle and luxury independent hotels (including European assets post-LaSalle Hotels acquisition); comparable focus on lifestyle/luxury urban hotel acquisitions.
• Blackstone Real Estate: Largest global real estate PE platform with significant lodging and hospitality exposure (Hilton historically, Extended Stay America); competes in size for hotel portfolios but is far broader in mandate.

Direct peers

• Highgate: Hospitality investment, management and development platform operating upper-upscale and lifestyle hotels; directly comparable in combining ownership and asset management of luxury/lifestyle properties.
• KSL Capital Partners: Hospitality-focused private equity firm targeting luxury and upper-upscale hotels and travel-related businesses; competes with Cedar for similar trophy European and US deals and runs dedicated hospitality funds.
• L Catterton Real Estate: LVMH-affiliated real estate platform focused on luxury hospitality and branded residences; Cedar's active JV partner launching the 10-15 asset European/North American luxury hotel platform.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat5 records

Key risks6 records

Key highlights6 records

Customer concentration

• LinkedInlinkedin.com/company/cedar-capital-partners

Revenue estimate

Valuation estimate

Number of profiles

Profiles12 records

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 Cedar Capital Partners