What F&F Realty Partners does

F&F Realty Partners is a privately held, Illinois-domiciled (LLC) diversified real estate management and development firm founded in 1979 by David M. Friedman, who continues to serve as president and chief operating officer. The firm owns, manages, and operates a multi-vertical property portfolio concentrated in the greater Chicago metropolitan area, consisting of seven franchised hotels (across Crowne Plaza, DoubleTree by Hilton, and Holiday Inn Express brands), five-or-more restaurants (including Karma, Birch River Grill, Dine, MetroKlub, Glen Prairie, Chicago Fire Oven, and Visibility Bar), eight or more upscale apartment communities (such as Twin Lake Towers, 727 West Madison, Lakehaven, Briarwood Terrace, International Villages, Lake+House, and The Glen View), retirement and assisted living facilities (Concord Place, Grand at Twin Lakes), and the Midwest Conference Center, a 35,000-square-foot event facility near O'Hare International Airport.

The portfolio is operated under franchise agreements with InterContinental Hotels Group (Crowne Plaza) and Hilton (DoubleTree) for the hospitality assets, granting access to global distribution systems, brand loyalty programs, and franchise-driven marketing support. No proprietary technology platform, software product, or AI/ML capability is described in the available materials; operations rely on conventional property management and franchise system infrastructure.

The firm monetizes through five primary streams: hotel operations (room rentals, event and meeting space, ancillary hospitality), restaurant operations (food and beverage), apartment community management (rental income), senior living fees (independent, assisted, and supportive living), and conference center event rentals. Customer demand is sourced through brand-affiliated loyalty programs, direct property leasing/dining, corporate event bookings, and property-specific organic social channels. Pricing is not publicly disclosed. The firm operates with 251–500 employees from its Skokie, Illinois headquarters at 5005 Touhy Avenue.

Name

F&F Realty Partners

Legal name

F&F Realty Partners, LLC

Website

https://fandfrealty.com

Company type

Private

Founded year

1979

Operating status

Operating

Headcount range

251–500 employees

Short description

F&F Realty Partners is a privately held Chicago-area real estate firm founded in 1979 that owns, manages, and develops a diversified portfolio of franchised hotels, restaurants, apartment communities, senior living facilities, and a conference center serving business travelers, diners, renters, and seniors.

Ownership category

akta.pro rank

Headquarters

HQ city

Skokie

HQ country

United States

HQ region

North America

Offices4 records

Markets served

GTM type

B2B

Offering type

Services

Cost components

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

Revenue model

1. Hotel Operations: F&F Realty Partners manages nationally franchised hotels (Crowne Plaza, DoubleTree by Hilton, Holiday Inn Express) generating revenue from room rentals, event/meeting space, and ancillary hospitality services.
2. Restaurant Operations: The company operates five Chicago-area restaurants including Karma, Birch River Grill, Dine, MetroKlub, Glen Prairie, and Chicago Fire Oven, generating revenue from food and beverage sales.
3. Apartment Community Management: Management and operation of multiple upscale apartment communities (Lakehaven, Briarwood Terrace, International Villages, Lake+House, The Glen View, Twin Lake Towers, 727 West Madison) generating rental income.
4. Retirement & Assisted Living Community: Operation of Concord Place Retirement & Assisted Living Community and Grand at Twin Lakes independent living residence, generating revenue from senior living fees.
5. Conference Center: Operation of Midwest Conference Center offering 35,000 square feet of flexible meeting space for trade shows, weddings, executive conferences, and banquets, generating event rental and service fees.

Go-to-market motion1 record

Distribution channels2 records

Marketing channels3 records

Core offering

F&F Realty Partners is a Chicago-area real estate management and development company that owns and operates a diversified portfolio including nationally franchised hotels (Crowne Plaza, DoubleTree by Hilton, Holiday Inn Express brands), multiple restaurants, upscale apartment communities, retirement and assisted living facilities, and a conference center. The company manages thousands of apartment residences, hotel rooms, and senior living units across the greater Chicago market under franchise and direct operational agreements.

Product overview

F&F Realty Partners is a diversified real estate management and development company that operates a portfolio of hospitality and residential properties in the Chicago area. The company offers seven award-winning hotels (including Crowne Plaza and DoubleTree by Hilton brands), five restaurants (ranging from upscale Asian cuisine to American kitchen and Kosher dining), four upscale apartment communities, retirement and assisted living facilities, and conference center space totaling over 35,000 square feet. The portfolio is managed as a unified property management operation rather than separate product lines, with each property operated under franchise agreements with major hospitality brands.

Differentiator

Problem solved

Functional benefit

Products and services

• Crowne Plaza Chicago West Loop A Crowne Plaza hotel offering cutting-edge luxury with modern guest rooms and suites, featuring skyline views and a downtown Chicago location. Operated under franchise with InterContinental Hotels Group.
• Crowne Plaza Chicago O'Hare Hotel & Conference Center A 503-room hotel offering more than 55,000 square feet of meeting and conference space, completely re-styled in 2009 with eco-friendly rooms, located near O'Hare International Airport. Operated under franchise with InterContinental Hotels Group.
• Crowne Plaza Glen Ellyn-Lombard The first 'green' Crowne Plaza in the Chicago area, opened August 2008, featuring 119 rooms, an indoor pool, fitness center, business center, and 9,400 square feet of meeting space. Operated under franchise with InterContinental Hotels Group.
• DoubleTree by Hilton Hotel Libertyville Mundelein A 183-guestroom DoubleTree by Hilton hotel featuring Prairie-style design inspired by Frank Lloyd Wright, with the on-site Karma Asian Food & Fine Wine restaurant. Operated under franchise with Hilton.
• DoubleTree by Hilton Hotel Arlington Heights A 241-guestroom DoubleTree by Hilton hotel with over 8,000 square feet of flexible meeting space, a Precor fitness center with indoor pool, complimentary shuttle to O'Hare, and an attached Birch River Grill restaurant. Operated under franchise with Hilton.
• Holiday Inn Express Palatine A Holiday Inn Express hotel managed by F&F Realty Partners in the Chicago area, operated under franchise with InterContinental Hotels Group.
• Karma Restaurant An upscale Asian food and wine restaurant featuring elegant ambience with a 35-foot pond and sleek glass bar; recognized as a top Chicago restaurant and Fusion Restaurant of The Year by Zagat Survey.
• Birch River Grill An American kitchen-style restaurant in Arlington Heights offering contemporary comfort food in a warmly elegant ambience, attached to DoubleTree by Hilton Hotel Arlington Heights.
• Dine Restaurant An elegant 1940s-inspired restaurant serving upscale comfort food for breakfast, lunch, and dinner.
• MetroKlub A glatt Kosher lunch-only restaurant sharing space with Dine restaurant, with menu prepared in a separate kosher kitchen.
• Glen Prairie Local Flavor Fine Food & Drink A restaurant serving locally grown, sustainable fare for breakfast, lunch, and dinner with natural earth tones and communal harvest table seating; recognized among Best New Restaurants of 2009 by Chicago Magazine.
• Chicago Fire Oven Contemporary American cuisine restaurant centered around a large stone fire oven, featuring fresh thin-crust pizzas, signature burgers, roasted chicken, and classic salads.
• Visibility Bar A sports bar with multiple 55-inch HDTVs, 10 beers on tap, and signature martinis.
• Twin Lake Towers Smoke-free apartment complex featuring redesigned kitchens and baths, resort-style clubhouse with outdoor fireplace, fitness center, outdoor pool, and dog park.
• 727 West Madison Premier rental community in Chicago West Loop with modern design, high-end finishes, pool deck, banquet halls, business center, pool, and health club.
• Lakehaven Apartments Apartment community in Carol Stream, Illinois next to three parks offering lake and courtyard views, featuring renovated apartments with granite countertops and in-unit washer/dryer, a 24-hour fitness room, swimming pool, tennis court, and jogging trail.
• Briarwood Terrace Apartment community in Prospect Heights, Illinois near major corporate centers, shopping malls, and major highways (I-294, I-94, Route 53, Route 68), with pool, fitness center, tennis courts, and basketball court.
• International Villages Lombard Renovated one, two, and three bedroom pet-friendly apartments with indoor and outdoor pools, spa, dry sauna, and fitness center in Lombard, Illinois.
• International Villages Schaumburg Apartment community in Schaumburg, Illinois near premier shopping, dining, and major employers, with newly designed kitchens and bathrooms, indoor and outdoor pools, and extensive fitness equipment.
• Lake+House in Wheeling Apartment community surrounding a private eight-acre stocked lake in Wheeling, Illinois with a one-mile paved trail for jogging, biking, and skating.
• The Glen View in Glenview Luxury apartment community in Glenview, Illinois offering studio, one-, and two-bedroom apartments with both high-rise and low-rise living options.
• Concord Place Retirement & Assisted Living Community Retirement and assisted living community in Northlake, Illinois offering 24-hour front desk, movie theatre, indoor pool, and fitness center.
• Grand at Twin Lakes Full-service independent living residence in Palatine, Illinois with over 15,000 square feet of activity space, heated pool, beauty salon, movie theater, craft rooms, and formal dining.
• Midwest Conference Center Conference center offering 35,000 square feet of flexible meeting space for trade shows, weddings, executive conferences, and banquets, located 10 minutes from O'Hare International Airport and 20 minutes from downtown Chicago.

Quantifiable outcome

• Managed over thousands of apartment residences, executive office buildings, and leading hotels since 1979.

Named customers18 records

Segments4 records

Ideal customer profiles5 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Scale indicators2 records

Recent moves6 records

Expansion highlights4 records

Broad incumbents

• Hyatt Hotels Corporation: Global hospitality company with a portfolio of branded hotels and a large franchise/management platform. Compares to F&F as a broader incumbent in the same hotel category, though Hyatt also serves as a potential franchisor/manager rather than direct competitor.
• Pebblebrook Hotel Trust: Publicly traded lodging REIT owning upper-upscale and luxury urban and resort hotels. Compares to F&F on the hotel real-estate side, though it operates at much larger scale and as a public REIT rather than a private operator.
• Hilton Worldwide: Global hotel franchisor and operator whose DoubleTree and other brands are operated by F&F under franchise agreements. Comparable as a major brand family that F&F's hotels sit within, and as a broader hospitality incumbent in the same competitive set.
• Brookfield Property Group: Global diversified real estate owner and operator with hospitality, multifamily, retail, and office assets. Comparable to F&F as a larger, diversified real estate operator — though at much greater scale and with a much broader geographic footprint.

Direct peers

• Aimbridge Hospitality: Largest third-party hotel management company in North America, operating franchised and independent hotels across major brands. Compares to F&F's hotel operations arm, which runs Crowne Plaza, DoubleTree by Hilton, and Holiday Inn Express properties under franchise agreements.
• Waterton: Chicago-based privately held real estate investor and operator focused on multifamily and hospitality properties nationally, with a comparable vertically integrated owner/operator model. Highly analogous to F&F in terms of asset mix (apartments, hotels) and operating approach.
• Pyramid Hotel Group: Third-party hotel management company operating branded full-service and select-service hotels. Like F&F, Pyramid operates franchised properties under major flags and brings a similar asset-management overlay to hotel ownership.
• Oxford Capital Group: Chicago-based private hotel owner, developer, and operator with a portfolio of branded and independent hotels, plus select residential and mixed-use assets. Closely mirrors F&F's Chicago-centric, owner-operator model in hospitality.
• Highgate Hotels: Hotel management, investment, and development company operating luxury, full-service, and select-service hotels under major brands. Comparable to F&F in operating franchised upper-upscale and upscale hotels (Crowne Plaza, DoubleTree) across multiple markets.

Others

• InterContinental Hotels Group: Global hotel franchisor of Crowne Plaza, Holiday Inn, and other brands, which licenses F&F's hotel properties. Comparable as a key franchise partner and ecosystem participant rather than a direct competitor — relevant because changes in IHG brand economics directly impact F&F's hotel P&L.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat4 records

Key risks6 records

Key highlights7 records

Customer concentration

Revenue estimate

Valuation estimate

Number of profiles

Profiles1 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 F&F Realty Partners