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California • Southwest • Selective Expansion

Markets We Focus On

We focus on markets where modernization and execution discipline can unlock pricing power and measurable NOI lift. Our priority is California and the Southwest, with selective expansion when the operating thesis is clear.

Market selection isn’t hype. We look for demand durability, comp-set opportunity, and a clear repositioning path.

What We Look For

  • Demand that supports ADR growth
  • Comp-set gap (outdated product in the market)
  • Renovation scope that increases perceived value
  • Execution path that protects timeline + budget

Primary Focus Regions

Where our model consistently works: strong demand corridors and clear product modernization upside.

California

Coastal and inland markets where product upgrades create measurable pricing power and stronger buyer perception.

High Demand Corridors Comp-Set Opportunity Valuation Upside

Southwest

Travel corridors and destination nodes where repositioning improves occupancy, rate, and market positioning.

Drive-to Markets Seasonality Strategy RevPAR Lift

Selective Expansion

We expand when demand is durable, the execution plan is clear, and the modernization story holds up to underwriting.

Thesis Fit Execution Clarity Owner Alignment

How We Choose a Market

We prioritize markets where the product upgrade translates into real financial lift (not wishful thinking).

Demand + Rate Potential

  • Durable demand drivers (work, travel, events)
  • Ability to increase ADR after modernization
  • Healthy channel mix opportunity

Comp Set + Product Gap

  • Outdated competitors that don’t reinvest
  • Clear modernization wins (rooms, lobby, curb appeal)
  • Brand perception gap we can close fast

Capex Reality + Execution

  • Scope that creates guest-perceived value
  • Sequencing that protects operations
  • Timeline control + quality standards

Exit Story (Sale-Ready)

  • Buyer-grade narrative: what changed + why it holds
  • Visual proof (renderings + before/after)
  • Performance story tied to NOI discipline

Markets FAQs

Do you only work in California?

California is our primary focus, but we expand selectively when the thesis and execution path are strong.

What makes a market “worth it”?

Durable demand, comp-set opportunity, and a modernization path that produces pricing power and NOI lift.

Do you avoid certain markets?

We avoid markets where demand is unstable, the comp set is too strong for the price point, or capex doesn’t earn back in NOI.

How do we start?

Request a property review. We’ll assess market fit, modernization scope, and the lift plan.

Have a Property in Mind?

Send the location and basics. We’ll tell you fast if it fits the model.