Success hinges not just on its amenities or services but on the emotional connection it creates with its guests. Our mission is to partner with hotel operators who understand that every detail contributes to an unforgettable experience. An experience that leaves a lasting impression long after guests have checked out.

While the specifics of a room or a lobby might fade from memory, the way a guest feels during their stay endures. We invest in hotel operators who prioritize creating these emotional connections, knowing that the feeling guests take away defines their overall experience.

Regardless of hotel tier or category, the design and ambiance of a hotel play a crucial role in shaping the guest experience. From the moment a guest walks through the door, every visual element—from the architecture to the interior decor—contributes to how they perceive and remember their stay. We partner with operators who understand the power of design to evoke emotions and create spaces that resonate deeply with guests, ensuring that the experience is not just seen but felt.

We believe that the true measure of a hotel's success lies in its ability to create memories that guests will cherish. By focusing on the emotional impact of each interaction, we ensure that our investments lead to properties where guests feel valued, cared for, and eager to return. Together, we design and deliver experiences that guests will remember not just for what they saw, but for how they felt.

Often, investors ask why we take a global approach to our portfolio instead of focusing on one market. We believe that hospitality transcends industries and cultures—it's the common thread that connects us all. Whether it's through a warm greeting at a hotel or the thoughtful details in a guest experience, hospitality has the power to make a lasting impression that can often lead to other experiences and opportunities. This universal appeal is what makes investing in the hospitality sector so compelling; it's a business that touches lives and creates memorable experiences, no matter where you are in the world.

Our approach is rooted in the understanding that more than the data, exceptional service, and genuine care are the cornerstones of successful hospitality joint ventures. We focus on building relationships with the best people first. Our ultimate goal is to make a difference, one interaction at a time. To accomplish this, we aim to successfully identify and invest with best-in-class partners and in regions often overlooked by traditional U.S. investors. We strive to generate compelling risk-adjusted returns in markets that share common characteristics that lead to accelerated appreciation across hotel-related investments, while also creating local jobs, supporting businesses that service our properties, and contributing to the overall development of local communities. By doing so, we create a ripple effect of positive impact that benefits our investors, our operating partners, and the guests who experience our properties.

My father's sudden passing came just a year after we completed renovations on the first hotel in our portfolio. In that time, we saw 2022 financials rise from $374,000 to $502,000 in 2023, marking a 34% increase. Through his influence, I learned the value of discovering my true passion and letting go of anything that stands in the way of fully pursuing it. I decided to sell my wealth management book of business the month after he passed away and spend 100% of my energy on curating hotel-related investment opportunities.

Since then, my mission has been to improve upon the best approaches to investing across hotel-related opportunities. I believe that every successful venture is built on the principles of exceptional service and hospitality. Our quantamental model uncovers trends that can lead to hidden opportunities through strategic public/private joint ventures to systematically deliver sustainable growth for our investors while upholding the highest standards of care and service.

The fund calls for an allocation of 33.3% ($105 million) over three investment phases to a curated selection of India's best-in-class hotel real estate assets, developers, and operators. The fund offers income with growth potential across hotel-related investments, each with defined entry, ownership, and exit strategies, to deliver strong risk-adjusted rates of return.

The fund series strategically targets a diversified portfolio of hotel investments in developed markets with strong income potential and emerging markets with high growth potential. Currently, the developed markets of the United States, Singapore, and Portugal, and the emerging markets of India, Vietnam, Indonesia, and the Philippines make up the contemplated fund series portfolio construction.

This approach is designed to optimize risk-adjusted returns by ensuring stability and resilience through established market environments and leveraging the rapid expansion potential in emerging markets.

Over the next three years, hotels are expected to outperform all other forms of commercial real estate globally, with hotels in the Asia-Pacific region leading the way. India hotel market will have an approximately 33% growth in 2025 relative to 2019.

The fund evaluates the macroeconomics and geopolitical environments of countries of interest by first looking at top 50 GDP growth countries with a minimum $250 billion annual GDP. From that set of 50 countries, the fund then considers indicators and datasets to build a proprietary model in order to score to each country.

The fund applies fundamental research and leverages local partnerships in the countries of interest for hotel investments after the macroeconomic and geopolitical evaluations. The fund curates each deal based on the financial metrics, growth potential, brand value, locational advantage, unique deal structure, and appropriate hotel tiers that add value to the portfolio's risk-adjusted returns, diversification and expansion.

The fund monitors the macroeconomic and political environments of the regions and countries where it invests to determine the necessary amount of currency hedging. This is done through partial or dynamic hedging using long-dated FX forwards, long-term FX options, and/or synthetic hedges. These synthetic hedges involve buying higher-yielding currencies to hedge against market movements of local currency against USD.

Ambuja Neotia (Neotia) is a cornerstone of Kolkata’s corporate landscape. Neotia has welcomed Bay Street as their sole equity investor pre-IPO. The fund targets a 7% equity stake through a $40 million investment, with ​Shri Harshavardhan Neotia,​ the founder, retaining 93% ahead of Neotia's forthcoming IPO. Upon the fund's $40 million investment, Neotia will defer the November 2025 IPO to 2029, allowing for increased value creation with Bay Street's invested capital.

For over five generations, with roots tracing back nearly 120 years, the Neotia family has established an unparalleled legacy of business acumen and innovation. Originating from Rajasthan, the family has been instrumental in shaping Kolkata’s business ethos since the 1890s.

Under the visionary leadership of ​Shri Harshavardhan Neotia​, Ambuja Neotia has diversified across real estate, hospitality, healthcare, and education. The company has delivered several landmark projects that have redefined living standards in India.

Ambuja Neotia’s impressive trajectory is highlighted in Ambuja Cement. Ambuja Cement is the second-largest cement company in India and a key benchmark in India’s industrial sector. ​

In addition to the Bay Street's participation in Neotia's hospitality assets, the historical success of Ambuja Cement sets a strong precedent for Bay Street's continued participation ahead of future liquidity events across Ambuja Neotia's residential, retail, commercial, education, and healthcare businesses.

Neotia is strategically poised to capitalize on India's burgeoning hospitality sector. The partnership leverages a proven strategy of dividend recapitalization and stock buybacks, ensuring enhanced returns for investors without solely relying on forward EBITDA multiple expansion. This approach provides stable cash flows and aligns with shareholder value maximization for both organizations.