Makar Properties

What Makar Properties does

Makar Properties, LLC is a privately-held diversified real estate investment and development company founded in 2001 by Paul P. Makarechian and headquartered in Beverly Hills, California, with an additional operational office in Newport Beach. The firm operates across five distinct real estate verticals: hospitality and resorts (including co-owned or owned properties such as the St. Regis Monarch Beach, The Goodland via Kimpton, the Anaheim Hilton, Korakia Pensione, Lone Mountain Ranch, and the Ritz Plaza), residential (luxury coastal homes in California and Florida, plus finished lot sales), commercial (class-A office and retail properties across Southern California), mixed-use developments (Pacific City in Huntington Beach, La Jolla Commons), and master planned communities (Belterra in Austin, TX and WatersEdge). Since inception, Makar has managed over $2.0 billion in real estate assets on behalf of institutional capital and high net worth investors, providing full-spectrum services from deal sourcing and entitlement through design, development, renovation, asset management, financing, recapitalization, and disposition.

Revenue is generated through three mechanics: (1) one-time property sales and development fees tied to residential, commercial, and mixed-use development; (2) ongoing managed services including asset management, financing, recapitalization, and disposition fees charged to capital partners; and (3) management and performance-based compensation on assets managed for institutional and high net worth investors. The company employs 51-100 people and operates as a B2B enterprise field sales organization, relying on direct relationships with institutional capital and high net worth investors rather than consumer-facing distribution. Its core competency is navigating high barrier-to-entry coastal entitlements and executing award-winning hospitality and master planned community developments, exemplified by recognized properties like Korakia Pensione (named one of the sexiest hotels in America by the New York Times).

Name

Makar Properties

Legal name

Makar Properties, LLC

Website

https://makarproperties.com

Company type

Private

Founded year

2001

Operating status

Operating

Headcount range

51–100 employees

Short description

Makar Properties is a privately-held, diversified real estate investment and development firm founded in 2001, managing over $2.0 billion in assets across hospitality, residential, commercial, mixed-use, and master planned communities for institutional capital and high net worth investors.

Ownership category

akta.pro rank

Product category

Real Estate Investment and Development

NAICS

Real Estate Property Managers (53131), Lessors of Real Estate (5311), Lessors of Nonresidential Buildings (except Miniwarehouses) (53112)

SIC

Real Estate Agents & Managers (For Others) (6531), Real Estate Dealers (For Their Own Account) (6532), Lessors Of Real Property, Nec (6519)

akta.pro primary industry

Hospitality (Hotels & Resorts) Asset Management (BPAJAMAE)

akta.pro secondary industries

Mixed-Use Property Management (BPAJAGAE), Master-Planned Community & POA Management (BPAJAHAD), Luxury Beachfront & Waterfront Villas (THAMAEAE)

Keywords

• Real estate development
• Hospitality investment
• Asset management services
• Master planned communities
• Institutional real estate

Headquarters

HQ city

Beverly Hills

HQ country

United States

HQ region

North America

Offices2 records

Markets served

GTM type

B2B

Offering type

Services

Cost components

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

Revenue model

1. Real Estate Development: Makar develops hotels, resorts, residential properties, commercial buildings, mixed-use developments, and master planned communities across the United States. Revenue is generated through property sales, development fees, and asset appreciation.
2. Asset Management Services: Provides full spectrum hotel and resort services including acquiring and sourcing deals, entitling, designing, developing and renovating hotels, asset management services, financing, recapitalizing and disposing of assets for institutional capital and high net worth investors.
3. Investment Management: Manages over $2.0 billion in real estate assets on behalf of institutional capital and high net worth investors, generating management fees and performance-based compensation.

Go-to-market motion1 record

Distribution channels1 record

Marketing channels1 record

Core offering

Makar Properties is a diversified real estate investment and development company that acquires, entitles, designs, develops, renovates, finances, recapitalizes, and disposes of hotel, residential, commercial, mixed-use, and master planned community assets across the United States. The company manages over $2.0 billion in real estate assets on behalf of institutional capital and high net worth investors, providing full-spectrum asset management and development services. Its portfolio spans boutique hotels and 5-star luxury resorts (including The Goodland, Korakia Pensione, St. Regis Monarch Beach), luxury residential properties, class-A office and commercial space, mixed-use developments, and master planned communities such as Belterra.

Product overview

Makar Properties is a diversified real estate investment and development company offering a portfolio of distinct business segments: Hospitality & Resorts (boutique hotels and luxury resorts including The Goodland, Lone Mountain Ranch, Korakia Pensione, Anaheim Hilton, St. Regis Monarch Beach Resort, and Ritz Plaza), Residential (luxury homes and villas in coastal California and Florida including Sea Villas at Monarch Beach, Monarch Beach Residences, Bal Harbour, Oceanfront Estates, Pointe Monarch, and Ritz Pointe), Commercial (class-A office properties including Newport Office Building, Cypress Crossroads, Cerritos Office Tower, Bradley Office Plaza, Airport Office Center, Commerce Point Plaza, Summit Office Plaza, and Redhill Office Centre), Mixed-Use (high-density developments including Pacific City and La Jolla Commons), and Master Planned Communities (large-scale communities including Belterra and WatersEdge). The company manages over $2.0 billion in assets and provides full-spectrum services from acquisition and entitlement through development and asset management.

Differentiator

Problem solved

Functional benefit

Products and services

• Hospitality & Resorts Development and Asset Management Full spectrum hotel and resort services for institutional capital and high net worth investors, including acquiring and sourcing deals, entitling, designing, developing and renovating hotels, asset management services, financing, recapitalization, and disposition of hospitality assets ranging from boutique hotels to 5-star 5-diamond luxury resorts and large convention hotels. Portfolio includes The Goodland (Kimpton), Lone Mountain Ranch, Korakia Pensione, Anaheim Hilton, St. Regis Monarch Beach Resort, and Ritz Plaza Hotel & Residences.
• Residential Development and Lot Sales Entitlement, development, and sale of residential homes in high barrier-to-entry locations, ranging from tract homes to attached luxury homes to luxury semi-custom estates, including finished lot sales to third-party builders. Portfolio includes Sea Villas at Monarch Beach, Monarch Beach Residences, Bal Harbour, Oceanfront Estates, Pointe Monarch at Monarch Beach, and Ritz Pointe at Monarch Beach.
• Commercial Real Estate Acquisition and Management Acquisition, entitlement, and management of value-add commercial real estate including class-A office towers, industrial parks, and retail space. Portfolio includes Newport Office Building, Cypress Crossroads, Cerritos Office Tower, Bradley Office Plaza, Airport Office Center, Commerce Point Plaza, Summit Office Plaza, and Redhill Office Centre.
• Mixed-Use Development Acquisition, entitlement, and land development for high density mixed-use parcels combining hotel, residential, retail, and office components in high barrier-to-entry locations. Portfolio includes Pacific City (Huntington Beach) and La Jolla Commons.
• Master Planned Communities Development Acquisition, entitlement, and development of large-tract master planned communities that include residential lots/units, retail, and office space with award-winning amenities, infrastructure, and school systems. Portfolio includes Belterra (Austin, Texas) and WatersEdge.

Quantifiable outcome

• Managed over $2.0 billion in assets since 2001

Segments5 records

Ideal customer profiles2 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Partnerships

One partnership is on record.

• Kimpton Hotels & RestaurantscoreChannel Partner/ Reseller/ DistributorKimpton Hotels & Restaurants operates and manages The Goodland hotel in Goleta, California (near Santa Barbara), owned by Makar Properties. This 158-room boutique hotel is Kimpton's seventh property in Southern California and second in Santa Barbara County. The partnership involves Kimpton providing hotel management services while Makar Properties retains ownership. The Goodland features nostalgic Americana amenities, coastal-appointed guestrooms designed by Studio Collective, multiple dining venues including Outpost restaurant and Good Bar lobby bar, a spa, movement studio, and over 4,500 square feet of meeting space.

Scale indicators1 record

Recent moves4 records

Expansion highlights4 records

Direct peers

• Lowe Enterprises: Closely comparable diversified real estate investor, developer, and asset manager operating across hospitality, residential, mixed-use, and office. Family-influenced private firm with similar national platform, institutional capital orientation, and full-spectrum development capability.
• Douglas Emmett: Public REIT focused on Class-A office and multifamily in coastal Los Angeles and Honolulu submarkets. Direct overlap on the Westside/Orange County Class-A office portfolio (Cerritos, Newport, Cypress Crossroads) and luxury residential exposure.
• KSL Capital Partners: Private equity firm specializing in hospitality, travel, and leisure real estate, including resort and luxury hotel ownership/management. Comparable diversified hospitality investment platform and resort ownership orientation (resort/lodging across multiple geographies).
• The Robert Green Company: Southern California-based diversified real estate developer with focus on residential, mixed-use, and master-planned communities in coastal markets. Direct overlap on CA coastal entitlement expertise and luxury residential product.
• FivePoint Holdings: California-based master-planned community developer (Great Park Neighborhoods, Valencia). Direct overlap on large-scale MPC expertise in supply-constrained California submarkets, with similar entitlement-heavy value creation model.

Broad incumbents

• The Related Companies: Large diversified real estate developer with significant hospitality, residential, mixed-use, and master-planned community exposure (e.g., CityPlace, Hudson Yards, The Related Group in Florida). Operates at significantly greater scale but overlaps directly with Makar's segments and coastal luxury orientation.
• Irvine Company: Privately-held California-centric developer of master-planned communities, office, retail, and luxury residential. Direct overlap on MPC capability (Irvine Ranch), coastal Orange County exposure, and luxury residential product similar to Makar's Monarch Beach portfolio.
• Host Hotels & Resorts: Largest lodging REIT, focused on luxury and upper-upscale hotels operated under Marriott, Hilton, Hyatt, and Four Seasons flags. Comparable luxury hospitality operator model through partnerships with Hilton, Kimpton, and Marriott/St. Regis brand families on properties like St. Regis Monarch Beach and Anaheim Hilton.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat4 records

Key risks6 records

Key highlights6 records

Customer concentration

Revenue estimate

Valuation estimate

Number of profiles

Profiles3 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 Makar Properties