Sustainable PE/RE investment in the hospitality industry – Responsible and Irresponsible investment managers
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.
|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||Lowe Enterprises|
|AFL-CIO BIT/ HIT||Garrison Investment Group|
|HEI Hotels & Resorts||Olympus Partners|
|Kennedy-Wilson Cos.||Crow Holdings|
|UBS Realty||Cornerstone RE Advisors|
|Westbrook Partners||Northwood Investors|
|AEW Capital Management|
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.