Conduit House

Name

Conduit House

Legal name

Conduit House Limited

Website

https://conduithouse.com

Company type

Private

Founded year

2018

Operating status

Operating

Headcount range

11–50 employees

Ownership category

akta.pro rank

Product category

Hospitality Real Estate Asset Management

NAICS

Funds, Trusts, and Other Financial Vehicles (525)

SIC

Real Estate Investment Trusts (6798)

akta.pro primary industry

Hospitality (Hotel) Property Management (BPAJAGAG)

akta.pro secondary industries

Luxury Villa Property Management & Concierge Services (THAMAEAJ), Guest Experience & Concierge Services (THAMAKAJ)

Keywords

• Hospitality real estate investment
• Hospitality asset management
• Real estate private equity
• Funds management
• Hotel development services

Headquarters

HQ city

Wan Chai

HQ country

Hong Kong SAR China

HQ region

Asia

Offices3 records

Markets served

GTM type

B2B

Offering type

Services

Cost components

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

Revenue model

1. Asset Management Fees: Long-term asset management agreements generating recurring fees for managing hospitality properties under management agreements.
2. Funds Management: Management fees and performance carry from managing investment funds such as the Aura Conduit House Hospitality Fund 1.
3. Development and Technical Services: Technical services, project delivery and management fees from refurbishments to new build construction.
4. Special Situations Investing: Value-add investments in underperforming or distressed hospitality assets with bespoke capital solutions and structured financing.

Go-to-market motion1 record

Distribution channels1 record

Marketing channels5 records

Core offering

Conduit House is a fully integrated hospitality real estate investor and asset manager that acquires, repositions, and manages hospitality assets across pan-Asia. It generates revenue through long-term asset management fees, fund management fees and performance carry via vehicles such as the Aura Conduit House Hospitality Fund 1, and technical/development service fees for refurbishment and new-build hotel projects, with a portfolio that includes The Montien Hotel Bangkok, 56 Surawong Bangkok, Alila Villas Maldives, and Weiss Niseko.

Product overview

Conduit House is a fully integrated hospitality-oriented real estate investor and asset manager offering a multi-disciplinary platform. The company operates across three core service lines: Asset Management (strategic asset management, operational control, technical services, branding, and financial monitoring), Capital/Funds Management (fund management, financing, and special situations investing), and Development/Technical Services (project management, construction delivery, design coordination, and MEP/sustainability services). Their flagship investment vehicle is the Aura Conduit House Hospitality Fund 1, a US$60m inaugural institutional fund. Their portfolio of managed hospitality assets includes The Montien Hotel Bangkok (500-room heritage renovation), 56 Surawong Hotel (179-room lifestyle hotel/serviced apartments), Montien Plaza (retail repositioning), Alila Villas Maldives (80-villa resort), and Weiss Niseko (luxury onsen hotel and villas in Japan).

Differentiator

Problem solved

Functional benefit

Brands

• Aura Conduit House Hospitality Fund 1: Conduit House's inaugural institutional investment fund making a US$60m structured investment into hospitality assets including operating 5 star hotel, serviced apartments, retail mall, development land, and parking stack.

Products and services

• Aura Conduit House Hospitality Fund 1 Conduit House's inaugural institutional investment fund making a US$60m structured credit investment into an operating 5-star hotel (The Montien Hotel Bangkok), serviced apartments, retail mall, development land, and parking stack, structured with downside protection and upside participation. Aimed at institutional investors, family offices, and hospitality investors.
• Asset Management Active asset management services including strategic asset management, operational control, efficiencies, technical services, branding, positioning, financial reporting, expense benchmarking, digital strategy, and F&B positioning. Targeted at owners of hospitality assets seeking intensive asset management to drive performance and financial returns.
• Capital / Funds Management Funds management, financing, and special situations investing providing bespoke investment solutions across the capital stack with value-add and opportunistic real estate focus. Targeted at institutional investors seeking exposure to hospitality real estate.
• Development / Technical Services Technical delivery and risk management including project management, construction management, quantitative surveying, design coordination, MEP review, sustainability, fire protection, and HVAC systems. Targeted at developers and asset owners needing technical services for hospitality refurbishments and new builds.
• The Montien Hotel Bangkok Bangkok's first five-star international standard hotel, originally opened in 1967. Undergoing full renovation under Conduit House management; the repositioning includes 500 rooms, award-winning food and beverage outlets, and Thai hospitality revival.
• 56 Surawong Hotel (The Residences, Bangkok) New build 179-room hotel, serviced apartment, and long-stay residential property in Silom, completed in 2020. A lifestyle hotel catering to the younger generation with imaginative interiors and Thai spirit.
• Montien Plaza Neighbourhood mall strategically repositioned as a lifestyle and entertainment asset to complement the surrounding area and hospitality precinct.
• Alila Villas Maldives Resort located on two private islands in the Raa Atoll in Maldives. Includes 44 beach villas and 36 over-water villas, three F&B outlets, pool, spa, dive centre, event space, and private island dining.
• Weiss, Niseko Luxury onsen hotel and villas development in Niseko, Hokkaido on a 72,500sqm site, blending contemporary Japanese design and hospitality with Mount Yotei views. Developed with Ivy Hospitality.

Quantifiable outcome

• $60 million structured credit investment deployed into Montien Hotel Bangkok
• +1 more outcomes

Named customers3 records

Segments4 records

Ideal customer profiles3 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature3 records

Partnerships

Four partnerships are on record, tiered minor.

• Dasar Prisma Sdn BhdminorStrategic or Co-development Partner · 31 October 2018Conduit House entered into a joint venture with Dasar Prisma Sdn Bhd to develop a hotel and branded residences in Port Dickson, Malaysia. The 250,000 square meter beachfront site will include 120 hotel rooms and 120 branded residences with a 15-year Leaseback Program.
• JLL Property Services (Malaysia) Sdn BhdminorImplementation/ SI/ Consulting Partner · 31 October 2018Conduit House is working with JLL Property Services on an in-depth market study and feasibility for the Port Dickson, Malaysia development project.
• Privately held family group (Thailand)minorStrategic or Co-development Partner · 15 September 2018Conduit House entered into a memorandum of agreement with a privately held family group to develop a select service hotel in Bang Kapi, Bangkok. The 220-guestroom hotel with 7 studio suites is planned with construction starting in first half of 2020.
• Ivy HospitalityminorStrategic or Co-development PartnerConduit House is leading development with Ivy Hospitality on the Weiss luxury onsen hotel and villas project in Niseko, Hokkaido. The 72,500 sqm site is located 5 minutes from Hanazono and sits on a quality hot spring, with views of Mount Yotei.

Scale indicators4 records

Recent moves6 records

Expansion highlights5 records

Direct peers

• HEI Hotels & Resorts: HEI Hotels & Resorts is a privately held hotel owner, operator, and developer with a value-add approach to repositioning institutional-quality hotels. Its integrated investment and asset management model is comparable to Conduit House's hospitality-focused platform.
• Highgate Hotels: Highgate is a leading hospitality management, investment, and development company operating in gateway U.S. markets with growing Asia exposure. Its integrated platform of hotel investment, asset management, and operations is structurally similar to Conduit House's three-pillar offering.
• Angelo Gordon (TPG Angelo Gordon): TPG Angelo Gordon has a real estate group with active special situations and value-add strategies including hospitality credit and equity investments. Its special-situations investing orientation and credit/equity structuring capabilities parallel Conduit House's structured-credit hospitality fund approach.
• Henderson Park: Henderson Park is a London-based real estate private equity firm investing across gateway cities in Europe and Asia Pacific. Its institutional capital base, value-add strategy, and pan-regional approach make it comparable to Conduit House's integrated investment platform.
• Rockpoint Group: Rockpoint Group is a Boston-based real estate private equity firm with significant hospitality exposure across the US, Europe, and Asia. Its value-add, operationally-intensive approach to hospitality assets closely mirrors Conduit House's repositioning and asset management strategy.
• Gaw Capital Partners: Gaw Capital is a Hong Kong-based private equity real estate firm with pan-Asia reach across hospitality, residential, and commercial assets. Its gateway-Asia focus, value-add approach, and Hong Kong headquarters make it a directly comparable peer for Conduit House.
• KSL Capital Partners: KSL Capital is a Denver-based private equity firm exclusively dedicated to the hospitality and leisure industry, investing across equity, credit, and special situations globally. It is the closest pure-play comparable to Conduit House's hospitality-focused PE and asset management model.
• SC Capital Partners: SC Capital Partners is a Singapore-headquartered real estate private equity firm focused on hospitality and lifestyle assets across Asia Pacific. Its regional focus and hospitality orientation make it a direct competitive comparable for Conduit House's pan-Asia hospitality strategy.

Broad incumbents

• Brookfield Property Partners: Brookfield Property Partners operates one of the world's largest real estate platforms with hospitality, office, retail, and multifamily assets globally. As a broad incumbent investor with significant hospitality exposure and deep Asia presence, it represents a scaled comparable for Conduit House's pan-Asia investment activity.
• Pebblebrook Hotel Trust: Pebblebrook is a publicly traded lodging REIT focused on upper-upscale and luxury urban and resort hotels across the U.S. As a larger, established hospitality investor with broad portfolio scope, it represents the broad incumbent comparable to Conduit House's specialized asset management approach.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat5 records

Key risks6 records

Key highlights6 records

Customer concentration

• LinkedInlinkedin.com/company/conduit-house

Revenue estimate

Valuation estimate

Number of profiles

Profiles16 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 Conduit House