Where Are the Family Offices Investing Behind Long-Term Hospitality Theses?
I'm curious where others have found family offices or patient capital that see hospitality the way I do.
Not because it's glamorous.
Because it's one of the most fragmented operating industries in the economy.
Hotels.
Destination management.
Event operations.
Food & beverage.
Ticketing.
Venue services.
Logistics.
Staffing.
Every business solves a small piece of the same customer journey.
That fragmentation creates opportunities to acquire strong cash-flowing businesses today while building a more connected platform over decades.
I'm not looking to buy speculative ideas.
I'm looking for durable operating businesses with real customers, real cash flow, and opportunities to create more value together than they can independently.
Have you come across family offices or long-term investors that share this philosophy?
I'd also be interested in examples of operators or holding companies that have successfully compounded value by consolidating highly fragmented service industries rather than chasing the latest trend.