Sustainable PE/RE investment in the hospitality industry – Responsible and Irresponsible investment managers – March 2016

Over the past several years, private equity and real estate managers have come to play a growing role in the hospitality industry.
UNITE HERE, the union of hospitality employees throughout North America, has been undertaking a proactive approach to achieving labor harmony at private equity-owned companies and properties by reaching out to managers to identify opportunities to work together. UNITE HERE has engaged positively with a number of managers.
Based on outreach to managers active in the hospitality industry, we have updated our list of Responsible and Irresponsible private equity and private equity real estate managers.
March 2016 list of Responsible/ Irresponsible private equity and real estate managers available here and below.
Responsible |
|
Irresponsible |
Rockpoint Group |
Walton Street Capital |
|
Angelo, Gordon & Co |
Ares Management |
|
Blackstone Group |
Lone Star Funds |
|
CIM Group |
Carlyle Group |
|
Apollo Global Management |
Prudential |
|
PCCP LLC |
KSL Capital |
|
Stockbridge Capital |
Garrison Investment Group |
|
AFL-CIO BIT/ HIT |
Olympus Partners |
|
HEI Hotels & Resorts |
Cornerstone RE Advisers |
|
Kennedy-Wilson Cos |
Northwood Investors |
|
UBS Realty |
Clarion Partners |
|
Westbrook Partners |
Dune Capital |
|
Lowe Enterprises |
Starwood Capital |
|
Intercontinental Real Estate |
AEW Capital Management |
|
Yucaipa Cos |
||
TPG Capital |
||
Leonard Green & Partners |
Responsible managers above are managers that have reached an agreement ensuring labor peace at hospitality-related properties or companies, creating a basis for cooperation.
Irresponsible managers above are managers that have refused multiple requests to meet, have refused to identify places to work together, or have had a long-standing, unresolved dispute at a hospitality-related property or portfolio company.