Since 2019, as TMGOC Ventures, The Montford Group. and Opterra Capital have partnered on multiple transactions across the hotel, multifamily and office sectors, totaling more than $943 million in existing and pipeline development assets.
Today, the TMGOC Ventures portfolio features 16 hotels under ownership predominately on the East Coast in key markets in Florida, South Carolina, North Carolina, Ohio, and Georgia, with a lifestyle-focused development pipeline of including six ground-up hospitality-anchored projects in Charleston, Savannah, and beyond.
In the last 18 months, the partnership has expanded its asset base to nearly $450 million, primarily focused on hospitality. The firm’s development pipeline will increase its asset base to nearly $1 billion.
Sunju Patel and Glenn Alba serve as managing partners of TMGOC Ventures, strategically guiding its targeted growth across lifestyle, independent, select service and extended stay segments. With a 20-year tenure at Blackstone Real Estate where he led asset management for the firm’s hotel investments in the U.S. and Western Europe, Alba brings an institutional, capital markets mindset to the landscape of hotel acquisitions and development. Patel, a real estate entrepreneur with 20 years of experience in investments, dispositions, acquisitions and both horizontal and vertical development, adds a visionary, creative approach, and street-smart sensibility to deal-making and new construction developments.