Life House, a vertically-integrated hotel company, has secured $100 million in equity commitments (approximately $250 million–$300 million in total asset value) from Boston-based investment and development firm Blue Flag Partners to fund its continued, rapid expansion through the acquisition of seven to 10 additional hotels.
The announcement follows the news that Life House has taken over the operation of The Roberts Collection, a historic 58-room hotel in Nantucket, Mass., acquired by Blue Flag in April. This season, Life House is operating The Roberts Collection as part of its white-label, tech-enabled management platform and will begin restoration of the hotel in fall 2019, transforming the property into a locally-rooted hotel by Life House. The Blue Flag partnership provides fuel for Life House’s continued rapid asset-light expansion plans.
