Certares Real Estate Management LLC

Certares Real Estate Management LLC is a global investment firm specializing in the travel and hospitality industries. Established in 2012, the firm focuses on direct investments in proprietary transactions, leveraging deep sector experience to drive growth. With approximately $7 billion of assets under management as of December 31, 2024, Certares brings together a team with decades of both operational and investment experience in private equity, travel, tourism, hospitality, and travel-related business and consumer services.

In early 2021, Certares launched its real estate platform, Certares Real Estate, focusing on acquiring hospitality real estate assets in growth markets and gateway cities across the United States. The platform has since acquired 16 hotels, comprising over 3,700 keys, including properties such as the Sea Crest Beach Resort in Cape Cod, the Courtyard San Diego Downtown, and the EAST Miami. As of March 31, 2023, the fund has generated a net internal rate of return (IRR) of 35% and a 1.4x multiple on invested capital.

Certares' investment strategy emphasizes partnerships with management teams to enhance value creation. The firm's extensive industry relationships and market intelligence provide a competitive edge in identifying and managing high-quality lodging assets. This approach has led to successful collaborations, such as the acquisition of the Hyatt Regency Greenwich, which underwent a $35 million renovation to transform it into a premier suburban retreat. Certares continues to seek opportunities to expand its portfolio, focusing on assets that offer strong leisure and corporate demand fundamentals in supply-constrained markets experiencing growth.