Houston, TX, April 11, 2023 – Partners Capital, the investment platform of Partners—one of the largest independent commercial real estate firms in Texas—announced that it has hired hospitality expert, Adam Lair to lead its hospitality investment strategy and launch Partners Hospitality Fund I later this year.
In his new role as Managing Director, Mr. Lair will be responsible for overseeing all aspects of the Hospitality Investment Fund’s operations, including investment strategy, deal sourcing, due diligence, asset management, and investor relations.
“Being a diversified commercial real estate firm means we are continually identifying new solutions for our clients and investors, and adding a new fund vehicle dedicated to one of the highest-growth asset classes in the region underscores our dedication to offering a full spectrum of services to our investors and clients,” said Andrew Pappas, Partner and President of Partners Capital. “Adam is an accomplished leader in the hospitality industry with a proven track record of delivering results, and we are excited to have him on board to lead our newest investment strategy. I am confident that his extensive knowledge and expertise will enable us to identify and capitalize on attractive hospitality investment opportunities for our investors.”
Mr. Lair has over 17 years of experience in corporate strategy, contract negotiation, financial forecasting, and investment modeling. Prior to Partners, he served as Managing Director at HVS, where he spearheaded the strategic growth of HVS’ US operations and underwrote more than 2,500 real estate transaction and development deals totaling over $20 Billion in asset value.
“Hospitality has been one of the best-performing asset classes in real estate for the past few years and is a natural expansion opportunity for Partners,” said Mr. Lair. “I look forward to leading this exciting growth for the firm”
Partners Hospitality Fund I is scheduled to launch in the Summer of 2023.
For more information, please contact Ash Harley-Majic, Corporate Communications Specialist, at 713.275.9641.