What Kothari Group does

Kothari Group is a privately held Canadian real estate and hospitality company founded in 1996 and headquartered in Mississauga, Ontario, operating three integrated business lines. The Real Estate Development division builds and sells condominium units and rental apartments, primarily in Winnipeg, Manitoba, with completed projects including Grand Pacific Gardens, South Pointe Gardens (202 rental units), Crocus Gardens (232 condo homes), Murano Gardens, and Van Hull Place, and a stated cumulative pipeline of several hundred units. The Hotel Development & Management division partners with three of the largest international hotel brands — Marriott, Hilton, and Hyatt — to develop and manage extended-stay, select-service, and upscale hotels across Canada, including operating assets such as Hyatt House Winnipeg-South/Outlet Collection (135 rooms), Hampton Inn by Hilton Winnipeg Airport/Polo Park, and TownePlace Suites by Marriott Hamilton ($20 million, 125 suites), with a development pipeline extending into Richmond Hill, Hamilton-McMaster, Victoria, and downtown Winnipeg through 2027.

The group's third pillar is Mercury Mortgages, a wholly owned mortgage lending subsidiary that has originated more than $450 million in loans to real estate investors, developers, and homeowners who cannot qualify with traditional lenders. This captive financing capability supports internal development capital needs while generating fee and net interest income from third-party borrowers. Revenue mechanics combine one-time condominium unit sales, recurring hotel management fees and operating income from brand-flagged properties, and transactional loan origination and servicing fees. Go-to-market is sales-led enterprise development for hotel partnerships with international brands, direct-to-consumer sales for residential condominiums and rental units, and direct origination for mortgage lending. The company employs 101-250 people, operates primarily in Canada with a U.S. asset (Oaks National Golf Club in Florida), and discloses no institutional investors, private equity backing, or public listing.

Name

Kothari Group

Legal name

Kothari Group

Website

https://kotharigroup.com

Company type

Private

Founded year

1996

Operating status

Operating

Headcount range

101–250 employees

Short description

Kothari Group is a Canadian private real estate developer (founded 1996, Mississauga) that develops condominiums and rental apartments in Winnipeg, develops and manages hotels with Marriott, Hilton, and Hyatt across Canada, and operates Mercury Mortgages, an alternative mortgage lender with over $450 million in loans originated.

Ownership category

akta.pro rank

Product category

Real Estate Development and Hospitality

NAICS

Nonresidential Property Managers (531312), Real Estate Property Managers (53131), Mortgage and Nonmortgage Loan Brokers (522310)

SIC

Hotels, Rooming Houses, Camps & Other Lodging Places (7000), Real Estate Agents & Managers (For Others) (6531), Mortgage Bankers & Loan Correspondents (6162)

akta.pro primary industry

Multifamily (Apartment) Property Management (BPAJAGAD)

akta.pro secondary industries

Multifamily Apartment Property Management (BPAJAFAA), New Development / Declarant Transition Management (BPAJAHAK)

Keywords

• Real estate development
• Hotel development management
• Residential condominium construction
• Mortgage lending services
• Alternative mortgage financing

Headquarters

HQ city

Mississauga

HQ country

Canada

HQ region

North America

Offices1 record

Markets served

GTM type

B2B and B2C

Offering type

Services

Cost components

Operations, Supply Chain, Personnel, Marketing or Sales, Infrastructure

Revenue model

1. Hotel Development and Management: Kothari Group develops and manages hotels in partnership with international brands including Marriott, Hilton, and Hyatt. Revenue generated through hotel operations, management fees, and development fees.
2. Real Estate Development: Residential condominium and apartment development in Winnipeg, Manitoba. The company builds and sells condominium units and rental apartments, generating revenue from property sales.
3. Mercury Mortgages - Mortgage Lending: Provides mortgage financing to real estate investors, developers, and homeowners who cannot qualify with traditional lenders. Has provided more than $450 million in loans.

Go-to-market motion2 records

Distribution channels3 records

Marketing channels5 records

Core offering

Kothari Group develops and sells residential condominiums and rental apartments (predominantly in Winnipeg, Manitoba), develops and manages hotels in partnership with international brands (Hilton, Marriott, Hyatt) across Canada, and provides alternative mortgage financing to real estate investors, developers, and homeowners through its Mercury Mortgages division. The group's operations span the full real estate lifecycle from land procurement through construction, sales, and ongoing asset management.

Product overview

Kothari Group is a Canadian real estate and hospitality company with three core divisions: Real Estate Development (condominiums and rental apartments), Hotel Development & Management (partnering with Hilton, Marriott, and Hyatt brands), and Mercury Mortgages (alternative lending). The company develops and manages residential properties including Grand Pacific Gardens, South Pointe Gardens, Crocus Gardens, Murano Gardens, and Van Hull Place. Its hotel portfolio includes Hyatt House Winnipeg, Hampton Inn Winnipeg Airport/Polo Park, and TownePlace Suites Hamilton, with several upcoming properties including TownePlace Suites Victoria Airport, Hyatt Centric Winnipeg, and dual-brand Hyatt hotels in Richmond Hill and Hamilton.

Differentiator

Problem solved

Functional benefit

Products and services

• Hotel Management & Development Services End-to-end hotel development and management services in partnership with Hilton, Marriott, and Hyatt, including operational management, sales and marketing, digital marketing, revenue management, accounting and finance, investor reporting, and training programs across Canadian hotel properties.
• Real Estate Development Services Residential condominium and apartment development, specializing in projects from land procurement through planning, design, and construction management, with completed communities in Winnipeg, Manitoba.
• Mercury Mortgages — Alternative Mortgage Lending Mortgage financing for real estate investors, developers, and homeowners who cannot qualify with traditional lenders; has provided more than $450 million in loans as a wholly-owned subsidiary of Kothari Group.
• Hyatt House Winnipeg-South/Outlet Collection First of its kind in Canada, 6-story extended-stay hotel with 135 rooms (80 apartment-style suites with full kitchens and 55 guest rooms) in Seasons of Tuxedo, Winnipeg, operated under the Hyatt brand by Kothari Group.
• Hampton Inn by Hilton Winnipeg Airport/Polo Park Hilton-branded hotel near the Winnipeg Airport and Polo Park with free hot breakfast, high-speed internet, and airport shuttle service, managed by Kothari Group.
• TownePlace Suites by Marriott Hamilton $20 million, 4-storey extended-stay hotel with 125 suites at 1195 Upper James, Hamilton, featuring fully equipped kitchens, saltwater pool, and fitness center.
• TownePlace Suites Victoria Airport 129-room Marriott-branded extended-stay hotel with 1,500 square feet of conference space near Victoria International Airport, BC Ferries, and downtown Sidney.
• Grand Pacific Gardens Condominiums Condominium community located in The Refinery District, South Winnipeg, featuring professionally-designed suites with oversized balconies, generous living space, and stylish finishes.
• South Pointe Gardens — Luxury Rental Community 202-unit luxury rental community in South Winnipeg with eco-friendly suites featuring LED lighting, tri-pane windows, and spray foam insulation; amenities include gym, common room, and dog washing station.
• Crocus Gardens Condominiums 232 condo homes across four buildings in Crocus Meadows, West Transcona, Winnipeg, featuring a 4,000 sq ft Clubhouse with gym, common room, private dining room, lounges, outdoor patio, BBQ area, and billiards room.
• Murano Gardens of Linden Woods Condominiums Condominium development in the Linden Woods/Tuxedo area of Winnipeg, featuring underground heated parking, outdoor guest parking, multi-purpose room with kitchen, and gym in each building.
• Van Hull Place Condominiums 52-unit condominium building in St. Vital, Winnipeg, completed in 2015, featuring fitness room, multi-purpose room, outdoor patio with BBQ, and underground parkade.
• Oaks National Golf Club Golf course on Kothari Group-owned land in Kissimmee, Florida (land leased to Armel Corporation), featuring ancient oak trees and picturesque water hazards.

Quantifiable outcome

• Over $450 million in loans provided through Mercury Mortgages
• +1 more outcomes

Named customers8 records

Segments4 records

Ideal customer profiles4 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Partnerships

Ten partnerships are on record, tiered core and minor.

• Victoria Airport AuthoritycoreStrategic or Co-development Partner · 2 October 2024Kothari Group partnered with Victoria Airport Authority for the development of TownePlace Suites Victoria Airport hotel. Groundbreaking ceremony held October 2, 2024.
• Royal LePage Shelter FoundationminorOthers · 7 October 2015Kothari Group donated $4,000 to Willow Place Inc. as part of its commitment to the Royal LePage Shelter Foundation, donating $500 per unit sold from Van Hull Place condominiums.
• Canadian Cancer SocietyminorOthers · 23 April 2015Kothari Group sponsored the Canadian Cancer Society, donating $500 per unit sold at Murano Gardens condo project on behalf of purchasers.
• SANSARminorOthers · 10 February 2015Kothari Group was Platinum Presenting Sponsor of the SANSAR Masquerade Ball 2015. SANSAR provides education on heart disease and diabetes in the South Asian community.
• HyattcoreStrategic or Co-development PartnerKothari Group partners with Hyatt for hotel development and management. Current projects include Hyatt House Winnipeg-South/Outlet Collection (operating), Hyatt House and Place Richmond Hill (under development, opening 2027), Hyatt House and Place Hamilton-McMaster (under development, opening 2027), and Hyatt Centric Winnipeg (under development, opening 2026).
• HiltoncoreStrategic or Co-development PartnerKothari Group partners with Hilton for hotel development. Current project includes Hampton Inn by Hilton Winnipeg Airport/Polo Park.
• MarriottcoreStrategic or Co-development PartnerKothari Group partners with Marriott for hotel development and management. Current projects include TownePlace Suites Hamilton (operating), TownePlace Suites Victoria Airport (under construction), and TownePlace Suites Richmond Hill (under development).
• Operation Walk ManitobaOthersKothari Group supports Operation Walk Manitoba, a medical mission organization that provides hip and knee joint replacements. The company congratulated the organization on replacing 60+ joints during a recent mission to Nicaragua.
• Concordia Hospital FoundationminorOthersKothari Group supported Concordia Hospital's campaign to open Operating Room #5, demonstrating commitment to community well-being.
• STARS Air AmbulanceminorOthersKothari Group supported STARS Air Ambulance through Hampton Inn Winnipeg Airport Polo Park's fundraising efforts, raising $2,000 for the life-saving service.

Scale indicators4 records

Recent moves6 records

Expansion highlights4 records

Direct peers

• Northview Residential REIT: Canadian residential REIT with multi-family apartments and townhomes across multiple provinces. Directly comparable to Kothari's multifamily rental operations in regional Canadian markets.
• Boardwalk REIT: One of Canada's largest residential landlords with 30,000+ multi-family units across multiple provinces. Directly comparable to Kothari's multifamily rental apartment business (e.g., 202-unit South Pointe Gardens) and to its overall residential operating model.
• Home Capital Group: Canadian alternative mortgage lender historically serving non-prime and underserved borrowers through Home Trust. Directly comparable to Mercury Mortgages' alternative/non-traditional lending business model.
• Tridel: Largest residential condominium developer in the Greater Toronto Area with 90+ year history. Directly comparable to Kothari's residential condo development business, though at materially larger scale and higher geographic concentration in the GTA.
• Equitable Group (EQB): Canadian alternative mortgage lender serving the uninsured mortgage market through Equitable Bank, including the EQB Mortgage suite. Directly comparable to Mercury Mortgages' non-traditional / alternative mortgage lending model.
• Centurion Asset Management: Canadian real estate and investment manager focused on multi-family apartments, student housing, and real estate debt. Comparable to Kothari's residential development and mortgage lending business, particularly in the alternative lending segment.
• InnVest Hotels: One of Canada's largest hotel owner-operators with a multi-brand portfolio across Canada. Directly comparable to Kothari's hotel development and management business, particularly the franchised/managed model with major international brands in secondary Canadian markets.
• Northland Properties (Sandman Hotels): Privately held Canadian hospitality and real estate company operating Sandman Hotels, Sutton Place Hotels, and other brands across Canada plus real estate development. A directly comparable diversified private hospitality and real estate platform to Kothari.

Broad incumbents

• Morguard: Canadian real estate company owning and managing a diversified portfolio of office, retail, industrial, and multi-suite residential properties plus hotel investments. Operates at larger scale than Kothari but is comparable in diversified real estate asset management and hotel ownership.
• Cadillac Fairview: Major Canadian commercial real estate company with office, retail, and mixed-use properties. Operates at significantly larger scale than Kothari in Canadian real estate development and asset management, providing a benchmark for scaled Canadian real estate operations.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat3 records

Key risks6 records

Key highlights6 records

Customer concentration

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• Instagraminstagram.com/thekotharigroup
• Xx.com/kothari_group

Compliance1 record

Revenue estimate

Valuation estimate

Number of profiles

Profiles1 record

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 Kothari Group