LionGrove

What LionGrove does

LionGrove is a Miami-based hospitality-focused private equity firm founded in 2018 by Andro Nodarse-Leon. The firm acquires, asset-manages, and operates hotel properties in the United States and Puerto Rico, targeting transactions of $20 million to $250+ million with minimum 100 keys and properties with at least $7.0 million of NOI upside potential. LionGrove currently owns a four-property portfolio: Fairmont El San Juan Hotel (San Juan, PR), Wyndham Grand Rio Mar Rainforest Beach and Golf Resort (Rio Grande, PR), Wyndham Palmas Beach and Golf Boutique Resort (Humacao, PR), and ADERO Scottsdale, Autograph Collection (Scottsdale, AZ). The firm's flagship El San Juan asset was acquired out of a Blackstone joint venture, underwent approximately $60M in post-Hurricane Maria restoration, and was rebranded under the Fairmont flag in January 2020.

The firm differentiates through an integrated investment and operating model. The same LionGrove team that leads an acquisition serves as the asset manager for that investment, while LionGrove Hospitality Management (LGHM), a wholly-owned affiliate, provides on-property hotel management for owned assets that fit the brand and operating thesis. This structure gives the firm end-to-end control of value-add execution from underwriting through operations.

LionGrove makes money through a combination of asset management fees on its hotel investments, hotel operating revenue captured through LGHM-managed properties, and capital appreciation generated by value-add initiatives including capital improvements, brand repositioning, and operational improvements. The senior team combines Wall Street transaction backgrounds (Goldman Sachs, KKR) with hotelier operating backgrounds (Marriott, Starwood, Ritz-Carlton, sbe, Atlantis, InterContinental, Dorchester Collection), citing over 190 years of combined transactional and operational experience and $150 billion of cumulative team-level transactions. Customers in the ownership-economics sense are the firm's institutional capital partners and the hotel guests of its owned properties; in the GTM sense, deal flow comes from direct outreach to hotel owners and operators across the US and its territories.

Name

LionGrove

Legal name

LionGrove LLC

Website

https://liongrove.com

Company type

Private

Founded year

2018

Operating status

Operating

Headcount range

51–100 employees

Short description

LionGrove is a Miami-based hospitality private equity firm founded in 2018 that acquires, asset-manages, and operates luxury and full-service hotel properties across the US and Puerto Rico through a four-asset portfolio and its LGHM operating affiliate.

Ownership category

akta.pro rank

Product category

Hospitality Private Equity

NAICS

Portfolio Management and Investment Advice (52394), Corporate, Subsidiary, and Regional Managing Offices (551114)

SIC

Services-Engineering, Accounting, Research, Management (8700)

akta.pro primary industry

Private Equity Buyout Fund-of-Funds (FSANAGAD)

akta.pro secondary industry

Luxury Villa Resorts & Branded Villa Communities (THAMAEAI)

Keywords

• Hospitality private equity
• Hotel acquisitions
• Asset management
• Property management
• Hotel investment

Headquarters

HQ city

Miami

HQ country

United States

HQ region

North America

Offices2 records

Markets served

GTM type

B2B

Offering type

Services

Cost components

Personnel, Operations, Marketing or Sales, Infrastructure

Revenue model

1. Asset Management Fees: LionGrove serves as a hands-on asset manager for each hotel investment, generating fees from managing hotel portfolios owned by the firm.
2. Hotel Management Services: LionGrove Hospitality Management (LGHM), an affiliate of LionGrove, provides property management services to hotels owned by LionGrove, generating revenue through hotel operations.
3. Capital Appreciation: The firm generates returns through value-add initiatives including capital improvements, brand repositioning, and improved operational performance across its hotel portfolio.

Go-to-market motion1 record

Distribution channels2 records

Marketing channels2 records

Core offering

LionGrove is a hospitality-focused private equity and investment firm that acquires, finances, and asset-manages branded and independent hotel properties across the US and its territories. The firm serves as a hands-on asset manager for each hotel investment and, through its affiliate LionGrove Hospitality Management (LGHM), provides integrated property management services for owned hotels, executing value-add initiatives including capital improvements, brand repositioning, and operational performance improvements.

Product overview

LionGrove is a hospitality-focused private equity and investment firm. The firm acquires, finances, and operates hotel properties across the United States and Caribbean. LionGrove provides hands-on asset management for its hotel investments and, through its affiliate LionGrove Hospitality Management (LGHM), provides property management services for hotels it owns. The firm currently owns and operates a portfolio of four hotels: Fairmont El San Juan Hotel (San Juan, Puerto Rico), Wyndham Palmas Beach and Golf Boutique Resort (Palmas Del Mar, Humacao, Puerto Rico), Wyndham Grand Rio Mar Rainforest, Beach and Golf Resort (Rio Grande, Puerto Rico), and ADERO Scottsdale, Autograph Collection (Scottsdale, Arizona).

Differentiator

Problem solved

Functional benefit

Brands

• LionGrove Hospitality Management (LGHM): Affiliate of LionGrove providing property management services to hotels owned by LionGrove.

Products and services

• Hospitality Acquisition and Investment Services Direct acquisition of branded and independent hotel properties in the US and its territories, targeting $20M-$250M+ transactions with 100+ keys and value-add upside potential through capital improvement, brand repositioning, and operational improvements. Acquirers are hotel property owners, operators, and sponsors seeking liquidity or recapitalization.
• LionGrove Hospitality Management (LGHM) Property Management Services Integrated property management services provided by LionGrove's LGHM affiliate for hotels owned by LionGrove that fit brand and operating considerations, with end-to-end control over value-add initiative execution.
• Hotel Asset Management Services Hands-on asset management services for each hotel investment, with the same team that led acquisition remaining accountable for asset-level execution of capital improvement plans, brand repositioning, and operational improvements. Serves institutional investment partners with hospitality exposure.

Quantifiable outcome

• $150 billion of acquisition, disposition, and equity and debt financing transactions completed by the team
• +2 more outcomes

Named customers4 records

Segments2 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.

• DraftKings at Foxwoods El San Juan CasinominorStrategic or Co-development Partner · 19 November 2025DraftKings launched a new sportsbook at Foxwoods El San Juan Casino. Andro Nodarse-León of LionGrove attended the opening event. The connection relates to the Fairmont El San Juan Hotel which LionGrove owns, suggesting potential commercial synergies between the casino sportsbook and the hotel property.

Scale indicators5 records

Recent moves7 records

Expansion highlights5 records

Direct peers

• Carey Watermark Investors: Hospitality-focused investment vehicle associated with Watermark Lodging Trust. Compares to LionGrove in concentrating capital in upper-upscale and luxury branded hotels with active asset management.
• HEI Hotels & Resorts: Private owner-operator of upscale and luxury hotels with PE backing. Directly comparable to LionGrove in operating model (own + operate branded hotels), capital structure (PE-owned) and deal-size profile.
• Noble Investment Group: Private hospitality-focused investment and operating firm that acquires and asset-manages branded hotels and resorts. Highly comparable to LionGrove's value-add, brand-repositioning strategy and US-focused footprint.
• KSL Capital Partners: Denver-based private equity firm exclusively focused on travel, leisure and hospitality. Closest comparable to LionGrove given its dedicated hospitality investment thesis, value-add underwriting approach and operational value-creation playbook.
• Highgate Hotels: Private hospitality platform that owns, operates and manages hotels across the US. Comparable to LionGrove via its integrated investment + third-party management structure and concentration in upper-upscale and luxury full-service assets.
• Aimbridge Hospitality: Largest third-party hotel management company in North America, sponsor-backed. Comparable to LionGrove's LGHM affiliate for hotel-management execution and to its broader deal-driven expansion model.

Broad incumbents

• Blackstone Real Estate (BREIT): Global real estate and hospitality investor with deep hotel exposure across capital structures. Competes with LionGrove for the same value-add hotel pool, but at vastly larger scale and with permanent-capital vehicles.
• Brookfield Asset Management: Global alternative asset manager with significant hospitality investment activity (e.g., Center Parcs, Selina restructurings). Competes for large hotel portfolios but at much larger scale than LionGrove.
• Pebblebrook Hotel Trust: Public hotel REIT concentrated in urban and resort upper-upscale/luxury properties. Overlaps with LionGrove on luxury resort asset exposure (e.g., ADERO Scottsdale and Wyndham Rio Mar) but is a much larger, publicly traded vehicle.
• Hersha Hospitality Trust: Public hotel REIT focused on urban upscale and lifestyle hotels. Comparable as a hospitality-only investor with similar asset class focus, though structured as a public REIT rather than a private operating PE firm.

Market position

Strengths4 records

Weaknesses4 records

Competitive moat4 records

Key risks6 records

Key highlights6 records

Customer concentration

• LinkedInlinkedin.com/company/liongrovellc

Revenue estimate

Valuation estimate

Number of profiles

Profiles13 records

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 LionGrove