Timbers Co. forms JV with Wheelock Street

Timbers Co., a developer and operator of boutique luxury resorts and private residence clubs, has formed a strategic partnership with Wheelock Street Capital, to seek stabilizing distressed assets, or acquiring hotels, land for ground-up development, or pursuing value-add projects.

Greg Spencer, Timbers Company CEO, said, “The partnership enhances Timbers’ ability to pursue and execute deals in the range of $40 million to $200 million and, in turn, to accelerate our growth both domestically and internationally. This will include the opportunity to diversify and launch another exciting brand later this year. We are thrilled to partner with Wheelock and look forward to helping them deepen their expertise in the high-end resort industry.”