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[7] [10] In 2005, Pritzker founded the private equity firm Geolo Capital with his Mandara business partner Tom Gottlieb; [6] Geolo Capital focused on investments in hospitality, entertainment, and health & wellness companies. [11] In 2009, Geolo Capital bought the iconic Carmel Valley Ranch from Blackstone. The resort was reimagined and opened ...
In 2010, a majority stake of Joie de Vivre was purchased by Geolo Capital, the private equity firm founded by Hyatt Hotels heir John Pritzker.A $150 million fund to acquire additional hotels was established as part of the deal, with plans to acquire $300 million to $500 million in hotels over a three-to-five-year period. [3]
In 2010, he sold his company to Geolo Capital. [6] The last hotel concept he created for the company was The Epiphany in Palo Alto. [7] Conley remains a private owner in many hotel properties and no longer has an operating role in the company.
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Jay Pritzker Pavilion, Chicago, Illinois, USA. Jay Arthur Pritzker (August 26, 1922 – January 23, 1999) was an American businessman and member of the Pritzker family.He was a founder of the Hyatt Corporation, having purchased the first Hyatt Hotel in 1957, and was responsible for the corporation's evolution into a multinational hospitality conglomerate.
In 2016, Destination Hotels merged with Commune Hotels & Resorts to form Two Roads Hospitality in partnership with GEOLO Capital, doubling the size of Lowe's hotel and resort portfolio. In late 2018, Lowe and its partner sold Two Roads Hospitality to Hyatt Hotels Corporation for more than $450 million.
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