US: Life House, a New York boutique hotel company, has secured $100 million in equity commitments from Boston’s Blue Flag Partners.
The sum is expected to be used for the acquisition of seven to 10 additional hotels.
The deal comes soon after Life House took over operation of The Roberts Collection, a historic 58-room hotel in Nantucket, Massachsetts, which Blue Flag had acquired in April.
Life House will begin restoration of the hotel this autumn. The investment platform will allow Blue Flag to connect Life House’s management, technology and design capabilities with real estate opportunities in high-barrier-to-entry markets traditionally overlooked by value-add investors.
Life House currently has two properties in Miami – in South Beach and Little Havana.
