Ohana Real Estate Investors
Overview
Ohana Real Estate Investors is a vertically integrated real estate investment firm focused on luxury hospitality. Based in Redwood City, California, Ohana was founded in 2009 by G. Christopher Smith. The firm engages in acquiring, developing, and managing high-end properties, primarily in North America. Ohana has made a significant mark in the real estate sector through innovative investments and partnerships, such as its recent collaboration with the San Manuel Band of Mission Indians for the Waldorf Astoria Monarch Beach Resort.
Recent Developments
- August 2024: Kevin Cullinan, formerly with Mack Real Estate Group, joined Ohana as a partner and head of credit, overseeing the firm’s credit investment and lending arms.
- June 2024: The San Manuel Band of Mission Indians acquired a 40% stake in the Waldorf Astoria Monarch Beach Resort & Club from Ohana, reflecting the tribe's strategy to diversify its portfolio beyond gaming.
- February 2024: Ohana announced a strategic exit from its ownership in Montage International as part of a deal involving Luxor Capital, Goldman Sachs, and BlackRock, facilitating Montage's next growth phase.
- 2024 ESG Initiatives: Ohana received the Gold LEED Certification for its Los Cabos property, exemplifying its commitment to sustainability and environmental standards.
- July 2023: Ohana sold its minority stake in Montage International to Luxor Capital, aiming to expand the Montage and Pendry brands internationally with new investors.
Company Information
| Attribute | Information |
|---|---|
| Founding Date | January 1, 2009 |
| Headquarters | Redwood City, California, USA |
| Founders | G. Christopher Smith |
| Revenue | $6.99 million (estimated) |
| Key Investors | San Manuel Band of Mission Indians |
| Industry | Real Estate Investment |
| Number of Employees | Approximately 75 |
Early History
Ohana Real Estate Investors was founded in 2009 by G. Christopher Smith with a mission to focus exclusively on high-end hospitality properties. The company started by targeting luxury assets, a strategy that differentiated it in the real estate investment market. Initially, Ohana capitalized on distressed assets during the post-recession period, acquiring properties undervalued due to market conditions. This approach allowed Ohana to establish a strong portfolio quickly, laying the foundation for its expansion and reputation as a luxury real estate powerhouse.
Company Profile and Achievements
Ohana operates with a vertically integrated model, handling all aspects of real estate investment from acquisition to management. The firm focuses heavily on both equity and credit investments across North America, leveraging its strategic partnerships and expert team.
- Key Properties: Waldorf Astoria Monarch Beach, Montage Deer Valley, and other prominent resorts like La Cantera Resort in Texas.
- Sustainability and Resilience: Ohana emphasizes ESG (Environmental, Social, and Governance) initiatives, applying rigorous standards across its properties, earning accolades such as LEED Gold Certification for its Los Cabos community.
- Innovation in Investment: The company remains proactive in identifying and capitalizing on market trends, such as its pivot to urban properties post-pandemic, positioning itself advantageously against shifts in hospitality demand dynamics.
Current Operations and Market Position
Ohana Real Estate Investors is currently a major player in the luxury hospitality real estate sector. It manages a robust portfolio of high-end hotels and resorts, primarily located in premium markets like California and Texas.
- Market Focus: Ohana specializes in properties located in iconic American resort destinations, aligning with a strategic focus on luxury and exclusivity.
- Competitive Edge: The firm's strategic partnerships and emphasis on both hospitality and environmental ideals give Ohana a competitive advantage in attracting elite clientele and sustainable investments.
- Expansion Plans: Ohana aims to double its portfolio size over the next three years, enhancing its footprint both in hospitality and residential sectors.
Conclusion
Ohana Real Estate Investors is a significant force in the luxury hospitality sector, noted for its strategic investments, commitment to sustainability, and innovative business practices. The firm continues to evolve, leveraging its position to capture both domestic and international opportunities. Looking forward, Ohana is poised to expand its portfolio significantly, promising a blend of luxury, sustainability, and community impact within its strategic growth framework.