Reflecting pool and sculpture framed by an open pavilion at sunset

Past partner experience delivering exceptional results

RLH Properties (BMV: RLH)

Mexico & Europe

RLH Properties at the Mexican stock exchange
Portfolio
1,700+ keys / 8 hotels
Enterprise Value
USD 1.3b
Year Exited
2023

Co-founded by Juan Bremer, the platform executed a private-to-public roll-up to establish RLH Properties as the leading luxury REIT in Mexico. The vehicle unlocked programmatic capital from local pension funds (Afores) to drive rapid asset aggregation, acquiring the 1,000-key Mayakoba portfolio and completing the acquisition of the Rosewood Villa Magna.

A €110 million capex fund directed several assets conversions across the inventory, delivering 30% to 70% EBITDA gains, establishing market-leading ADRs.

  • From $45m initial public placement to $1.3b enterprise value.
  • Commanded the region's highest ADRs in a single portfolio.
  • Cash buyout in 2023, transitioning the public company into private ownership.

Our Habitas Expansion

Three continents

Our Habitas Expansion — Three continents
Portfolio
500+ keys / 12 hotels
Capital Raised
USD 1.0b+
Year Exited
2023

Led by Ravi Govada and Joakim Lehmkuhl on capitalisation and global real estate expansion. The platform scaled its footprint from 2 to 12 operational hotels across three continents. This cross-border expansion established global brand recognition and structured a yielding asset pool that culminated in a brand acquisition by Accor.

  • $50m series C led by PIF.
  • Mobilised $400M KSA development facility and parallel $400M programmatic PropCo JV with Starwood Capital.
  • Portfolio with international recognition including Condé Nast Traveller Readers' Choice Awards, The MICHELIN Guide Hotel Selection, and Hospitality Design's Lifestyle Hotel of the Year.

One&Only Mandarina

Riviera Nayarit, México

One&Only Mandarina — Riviera Nayarit, México
Land Area
240 hectares
Hotel
105
Residences
54
Investment
USD 150m
Year Opened
2020

Founded and developed under the leadership of Juan Bremer. Opened in 2020 on a 600-acre coastal rainforest footprint north of Punta Mita; 105 villa keys operating at the region's highest margins, alongside a branded residential program with 125 million dollars in completed inventory sold.

  • The World's 50 Best Hotels, No. 1 Hotel in North America.
  • Three MICHELIN Keys.
  • Condé Nast Traveler Gold List.

Four Seasons México City

México City, México

Four Seasons México City — México City, México
Hotel Keys
240
Investment
USD 71m
Year Reopened
2017

Acquired and optimised under the leadership of Juan Bremer. Housed within a landmark, hacienda-style footprint on Paseo de la Reforma; 240 room-and-suite keys arranged around a central courtyard fountain, featuring the award-winning gastrobar Fifty Mils. A comprehensive asset turnaround and interior refurbishment program delivered a 70% increase in NOI.

  • Condé Nast Traveler Readers' Choice.
  • The World's 50 Best Bars.
  • Top 500 Bars.

Rosewood Villa Magna

Madrid, Spain

Rosewood Villa Magna — Madrid, Spain
Hotel Keys
154
Investment
EUR 210m
Year Reopened
2021

Acquired and optimised through the RLH Properties platform. Reopened in 2021 following a comprehensive structural transformation and interior redesign of the original 1972 landmark property: 154 keys configured as volume-restricted rooms, suites, and rooftop signature houses positioned on Paseo de la Castellana.

The €210 million freehold acquisition and subsequent repositioning were capitalised through RLH Properties, deploying a structural turnaround strategy that secured premier brand positioning and long-term asset value insulation in the Spanish market.

  • Condé Nast Traveler Readers' Choice: No. 1 Hotel in Spain & Portugal.
  • Condé Nast Traveler España: Best Urban Hotel.
  • Two MICHELIN Keys.

Our Habitas Al’Ula

Al’Ula, Kingdom of Saudi Arabia

Our Habitas Al’Ula — Al’Ula, Kingdom of Saudi Arabia
Hotel Keys
96
Investment
USD 40m
Year Reopened
2021

Developed and delivered by Our Habitas under the leadership of Ravi Govada and Alberto Vargas, KTT's Director of Development. Opened in 2021 within a sandstone desert canyon footprint across the Ashar Valley: 96 standalone villa keys operating under a volume-restricted, minimal-impact modular infrastructure.

The development was structured and capitalised via a programmatic investment vehicle established alongside the Saudi Tourism Development Fund and the Royal Commission for Al'Ula.

  • Condé Nast Traveller Readers' Choice.
  • The MICHELIN Guide Hotel Selection.
  • ArchDigest Best Hospitality Project Middle East.