Timbers Company has announced a strategic partnership with leading private real estate investment firm, Wheelock Street Capital. This enhances Timbers’ ability to be nimble and take advantage of opportunities including stabilizing distressed assets or acquiring new projects.
Together with Wheelock, Timbers is actively seeking sizable hospitality and development assets. With a proven luxury track record and the additional backing of this industry-leading partner, Timbers can quickly execute across all hospitality verticals including acquisitions, development, rebranding/repositioning, and operations.
The partnership enhances Timbers’ ability to pursue and execute deals in the range of $40M to $200M and, in turn, to accelerate their growth both domestically and internationally. This will include the opportunity to diversify and launch another exciting new brand later this year.
Timbers CEO Greg Spencer said “Wheelock has a track record of demonstrated and consistent outperformance in hospitality investment. We are thrilled to partner with Wheelock and look forward to helping them deepen their expertise in the high-end resort industry.”
“Timbers has the capital, the capabilities and an unparalleled team with decades of expertise to further its ambition of being the most trusted luxury hospitality company in the market” remarked Tim Hodes, Principal and Wheelock’s Head of Hotel Acquisitions.
This announcement follows the recent news of the Timbers Company repositioning and executive-level appointments that primed the company for new projects and partnerships.