Three Wall Capital
Three Wall Capital is a hospitality-focused private investment and asset management firm that deploys equity and debt capital into hotel real estate. Founded in 2008, it manages approximately 80 hotels (9,000+ rooms) across 24 US states for institutional and individual investors, with extended-stay segment dominance.
- Company typePrivate
- Founded2008
- HeadquartersNew York, United States
- Headcount11–50
- GTM typeB2B
- OfferingServices
What Three Wall Capital does
Three Wall Capital, LLC is a privately held, hospitality-focused real estate investment and asset management firm founded in 2008 by Alan Kanders, headquartered at 40 West 57th Street, 29th Floor, New York. The firm operates a principal-investor model that acquires, develops, redevelops, and recapitalizes hotel real estate on behalf of institutional investors (pension funds, endowments) and qualified high net worth individuals, covering the full spectrum of hotel asset classes from luxury to extended-stay, with current stated emphasis on extended-stay and focused-service lifestyle hotels.
The firm has executed over $3.0 billion in completed transactions since inception and currently manages approximately 80 hotels comprising more than 9,000 rooms across 24 US states, with $1.5B+ in assets under management. Three Wall Capital is the largest franchisee of both the Extended Stay America (42% of extended-stay portfolio) and Candlewood Suites (27%) brands, with the extended-stay portfolio totaling 7,850+ rooms across Extended Stay America, Candlewood Suites, Residence Inn by Marriott, TownePlace Suites by Marriott, Homewood Suites by Hilton, and Home2 Suites by Hilton. Trophy assets include The Quin (Manhattan, 210 rooms, $200K+ per key renovation), Mayflower Inn & Spa (Washington, CT, 30-room Relais & Chateaux resort), and Aloft Atlanta Downtown (254 rooms), with the firm recognized as Candlewood Suites Developer of the Year by IHG in 2022.
The core revenue mechanics combine asset management fees on managed hospitality assets, principal-investment returns on equity deployed into hotel deals, and performance-based carried interest from successful investment realizations. Three Wall Capital is a founder-led firm (Alan Kanders served as Managing Director at Lehman Brothers Global Real Estate Group, originating $8.0B+ in hospitality transactions prior to founding TWC), with a senior team drawn predominantly from Cornell University's School of Hotel Administration and prior tenures at Lehman Brothers, Kimpton Hotels, Highgate, CBRE Hotels, Eastdil Secured, IHG, and CNL Hotels & Resorts. No parent company, institutional investor of fund-of-funds ownership, or disclosed fund vintages appear in available materials.
Three Wall Capital firmographics
Firmographics- Name
- Three Wall Capital
- Legal name
- Three Wall Capital, LLC
- Website
- https://threewallcapital.com
- Company type
- Private
- Founded year
- 2008
- Operating status
- Operating
- Headcount range
- 11–50 employees
- Short description
- Three Wall Capital is a hospitality-focused private investment and asset management firm that deploys equity and debt capital into hotel real estate. Founded in 2008, it manages approximately 80 hotels (9,000+ rooms) across 24 US states for institutional and individual investors, with extended-stay segment dominance.
- Ownership category
- akta.pro rank
Three Wall Capital industry classification
Industry- Product category
- Hospitality Real Estate Investment
- NAICS
- Other Financial Investment Activities (5239), Portfolio Management and Investment Advice (523940)
- SIC
- Hotels & Motels (7011), Real Estate Dealers (For Their Own Account) (6532), Investment Advice (6282)
- akta.pro primary industry
- Hospitality (Hotels & Resorts) Asset Management (BPAJAMAE)
- akta.pro secondary industries
- Senior Secured Direct Lending (FSANADAA), Corporate Finance & Capital Advisory (BPAHADAB)
Keywords
Where Three Wall Capital is headquartered
LocationHeadquarters
- HQ city
- New York
- HQ country
- United States
- HQ region
- North America
Offices2 records
Markets served
Three Wall Capital business model
Business model- GTM type
- B2B
- Offering type
- Services
- Cost components
- Personnel, Operations, Others, Marketing or Sales, Technology or R&D
Revenue model
- Asset Management Fees: Asset management fees from managing hospitality portfolio for institutional and individual investors
- Principal Investment Returns: Returns on equity investments as principal investor in hotel acquisitions, developments, and redevelopments
- Carried Interest: Performance-based carried interest from investment returns to partners
Go-to-market motion1 record
Distribution channels1 record
Marketing channels2 records
Three Wall Capital product offering
Product offeringCore offering
Three Wall Capital is a principal hospitality investor and asset manager that deploys equity and debt capital into hotel acquisitions, new construction, redevelopment, and recapitalization opportunities across all hotel asset classes, with a current strategic focus on extended-stay and focused-service lifestyle hotels. The firm actively manages a portfolio of 80 hotels comprising 9,000+ rooms across 24 U.S. states, serving institutional and qualified individual investors through direct investment relationships.
Product overview
Three Wall Capital operates as a unified hospitality investment and asset management platform offering investment services across the full hotel lifecycle—from acquisition and new construction to redevelopment and recapitalization. The firm manages a diversified portfolio of approximately 80 hotels comprising 9,000+ rooms across 24 states, with particular expertise in extended-stay properties and lifestyle hotels. The core investment platform is complemented by a portfolio of individual hotel properties including The Quin (luxury boutique), Mayflower Inn & Spa (resort and spa), and Aloft Atlanta Downtown (select-service), representing different segments of the hospitality market.
Differentiator
Problem solved
Functional benefit
Products and services
- Hospitality Investment and Asset Management
Quantifiable outcome
- $3.0B+ in completed hospitality transactions as principal investor
- +3 more outcomes
Companies that use Three Wall Capital
Customer profileNamed customers9 records
Segments3 records
Ideal customer profiles3 records
Three Wall Capital technology and API
TechnologyTechnology focussed No
API detail
- Has API
- No
- API docs
- API detail
Core technology
AI maturity
App detail
Three Wall Capital partnerships and signals
Strategic signalScale indicators7 records
Recent moves7 records
Expansion highlights5 records
Three Wall Capital competitors and assessment
Company assessmentDirect peers
- KSL Capital Partners: Dedicated hospitality and travel private equity sponsor raising multi-billion-dollar funds. Competes with TWC for institutional capital and U.S. lodging deals at a larger scale.
- McNeill Hotel Company: Private hospitality investment and management firm with a similar focus on extended-stay and select-service assets. Directly comparable to TWC in size, niche, and investment style, and cited in TWC's own team bios as a prior employer.
- Crescent Hotels & Resorts: Hotel management and investment platform with extensive franchise relationships across Marriott, Hilton, and IHG. Comparable third-party operator/owner profile to TWC's hybrid model.
- Condor Hospitality Trust: Select-service and extended-stay hotel REIT that co-invested with TWC on the Aloft Atlanta Downtown acquisition. Direct peer in extended-stay ownership and brand mix.
- Noble Investment Group: Specialized hospitality-focused private equity firm investing in select-service and extended-stay hotels. Closely comparable niche, sourcing strategy, and institutional LP base.
Broad incumbents
- Highgate Hotels: Major hospitality operator and investor with operations, third-party management, and principal investment across full- and select-service brands. Former employer of several TWC team members and a natural comp for TWC's vertically integrated model.
- Hersha Hospitality Trust: Lodging REIT focused on lifestyle and soft-branded urban hotels. Adjacent comp to TWC's lifestyle/luxury hotel deals (e.g., The Quin) and source of competing sponsor capital.
- Pebblebrook Hotel Trust: Largest U.S. lodging REIT focused on urban and resort upper-upscale hotels. Competes with TWC for institutional hospitality capital and operates a meaningfully larger diversified portfolio.
- Sunstone Hotel Investors: Upper-upscale U.S. lodging REIT with full- and select-service focus. Comparable to TWC in pursuing institutional capital and operating hospitality real estate at scale.
Others
- Eastdil Secured: Premier commercial real estate investment bank with deep hospitality coverage. Not a direct competitor but a recurring counterparty (and former employer of TWC senior leadership) sourcing and financing TWC's deals.
Market position
Strengths5 records
Weaknesses5 records
Competitive moat5 records
Key risks6 records
Key highlights6 records
Customer concentration
Three Wall Capital social profiles
Digital presenceThree Wall Capital financial estimates
Financial estimateRevenue estimate
Valuation estimate
Three Wall Capital leadership team
Management profileNumber of profiles
Profiles1 record
Three Wall Capital funding detail
Funding detailFunding overview
Funding rounds
Investors
Funding detail is available on the Subscription and Enterprise plan.Contact sales →
Three Wall Capital M&A and investment
M&A and investmentM&A
Investments
M&A and investment is available on the Subscription and Enterprise plan.Contact sales →
Frequently asked questions about Three Wall Capital
What does Three Wall Capital do?
Three Wall Capital is a principal hospitality investor and asset manager that deploys equity and debt capital into hotel acquisitions, new construction, redevelopment, and recapitalization opportunities across all hotel asset classes, with a current strategic focus on extended-stay and focused-service lifestyle hotels. The firm actively manages a portfolio of 80 hotels comprising 9,000+ rooms across 24 U.S. states, serving institutional and qualified individual investors through direct investment relationships.
Is Three Wall Capital a public or private company?
Three Wall Capital is a private company. It is classified as founder individual operated bootstrapped and is currently operating.
When was Three Wall Capital founded?
Three Wall Capital was founded in 2008. It employs 11 to 50 people.
Where is Three Wall Capital based?
Three Wall Capital is headquartered in New York, United States, in the North America region.
How does Three Wall Capital make money?
Three revenue lines are on record. Asset Management Fees are the primary driver. The others are principal Investment Returns and carried Interest.
Who are Three Wall Capital's main competitors?
Direct peers on record are KSL Capital Partners, McNeill Hotel Company, Crescent Hotels & Resorts, Condor Hospitality Trust and Noble Investment Group. Broad incumbents are Highgate Hotels, Hersha Hospitality Trust, Pebblebrook Hotel Trust and Sunstone Hotel Investors. Eastdil Secured is listed as an others.
Does Three Wall Capital have an API?
No public API is recorded for Three Wall Capital.
What industry is Three Wall Capital in?
Three Wall Capital's product category is Hospitality Real Estate Investment. Its primary akta.pro industry code is BPAJAMAE, Hospitality (Hotels & Resorts) Asset Management, with a secondary code of FSANADAA, Senior Secured Direct Lending. Its NAICS code is 5239 and its SIC code is 7011.