THE MONTFORD GROUP. & OPTERRA CAPITAL
Since 2019, The Montford Group. and Opterra Capital have partnered on multiple transactions across the hotel, multifamily and office sectors, totaling more than $903 million in existing and pipeline development assets. Today, the TMGOC Ventures portfolio features 16 hotels under ownership and development predominately on the East Coast in key
markets in Florida, South Carolina, North Carolina, Ohio, and Georgia, including four ground-up lifestyle and independent hotels that the duo is developing in Charleston – one of the nation’s most dynamic hotel markets and leisure destinations.
In the last 18 months, the partnership expanded its asset base to over $400 million, primarily focused on hospitality.
Sunju Patel and Glenn Alba serve as managing partners of the joint venture, 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.