Specializing in Hospitality Assets in the United States.
Combining Best in Class Hospitality Operators with Experienced Real Estate Investors Focused on the United States.
Spark Hotels & Green Harvest Capital have come together to form Spark GHC
Spark Hotels, a proven developer, acquirer, and operator of Ohio-based hospitality assets, and Green Harvest Capital, a marquee asset manager of Northeast Ohio-based multi-family assets have formed Spark GHC, a JV focused on hospitality assets in the United States. By forming this JV, leadership has combined their experiences, resources, relationships, and best practices to take advantage of unique opportunities in the hospitality industry that have developed due to COVID, an aging ownership base, and higher customer brand awareness.
Spark Hotels
Spark Hotels, based in Cleveland, Ohio is a privately held firm that focuses on the development, acquisition, and management of value-add hospitality assets. Over the past 30 years+, the firm has managed over $70 million of assets and has had extensive experience in the hospitality industry. They have exited 5 hospitality assets with an average IRR of 25% over the past 5 years. Spark Hotels is led by President, Amit Patel and Chief Operating Officer, Bhavesh Lad.
Green Harvest Capital
Green Harvest Capital, based in Northeast Ohio is a private real estate firm focused on acquiring and upgrading multi-family real estate. Since January 2020, GHC has made 11 acquisitions of 19 sites through 9 projects. The firm has ~40 employees delivering results through 3 vertically integrated entities, Green Harvest Capital, GHC Living (property management), and GHC Construction Services (maintenance, construction). Green Harvest Capital is led by Principals, Bhavin “B” Patel, Michael Smith, and Saagar Parikh.
Our Mission
Improve the daily guest experience through technological innovation, remain strong stewards of the community where assets are located, and provide a healthy cash return and diversification benefit to investors and their investment portfolios.
We are a private real estate joint-venture focused on developing, acquiring, and operating select service hospitality assets in the United States
Strategic Acquisitions
We believe this is the ideal time to take advantage of opportunities in the hospitality industry that have developed due to COVID, an aging ownership base, higher customer brand awareness, and our belief in an economic resurgence in Ohio and the United States.
U.S. Focused
We are deeply passionate about the United States—a nation brimming with opportunities for business and travel. The U.S. is witnessing an exciting economic resurgence, driven by a combination of world-class educational institutions, excellent interstate, rail, and air connectivity, and a cost of living that offers unmatched value. From coast to coast, this resurgence is creating vibrant communities and dynamic markets that are just beginning to realize their full potential.
A leadership team with decades of experience in the hospitality industry.
We can be disruptors in this industry through a strong focus on the guest experience, training and empowering employees, having a detailed budgetary process, and providing a safe and environmentally friendly hospitality asset for employees and guests.
Proven Pillars of Strategy
Our Experience
With 30+ years of experience in the real estate industry managing $350+ million in assets, our collective knowledge allows us to make effective and strategic acquisitions.
Our Portfolio
Spark GHC currently manages an expansive portfolio including 30+ properties owned and operated while also identifying new opportunities to expand and diversify.
Spark GHC Principal, Amit Patel
“I am thrilled to form this JV with GHC. This venture will enable Spark Hotels to grow its portfolio to 5x its current asset base. We already have a number of development and acquisitions in the pipeline equaling $100 million of investment over the next two years starting here in Northeast Ohio. By putting Spark’s strong development and operatorship skills together with GHC’s asset management and acquisition platform, we are primed to turn heads in the hospitality industry.”
Spark GHC Principal, Bhavin “B” Patel
“It is time to come back to my roots in hospitality which is where my family started when we moved to this amazing country in the 1990s. | learned the real estate craft from the bottom up, working at my family hospitality asset in Tallmadge, Ohio in my teenage years. The experience of in hospitality allowed me to gain the knowledge and expertise which led to my multi-family portfolio and was the basis for us to start Green Harvest Capital. We are ready to get to work with one of the strongest operators in Ohio to acquire and improve hospitality assets in the U.S.”
Spark GHC Principal, Michael J. Smith
“An underlying reason for the creation of GHC was to provide real estate diversification to portfolios. The hospitality sector provides tremendous double-digit cash-on-cash returns year in, year out. With Amit and his team's strong operator skills, we see numerous opportunities to acquire assets, improve margins, and deliver healthy cash returns to investors.”
Spark GHC Principal, Bhavesh Lad
“We believe experience and brand relationships matter in the hospitality industry in which operators must be nimble through economic cycles and proactive in marketing with only the best operators being able to achieve significant double-digit cash returns.”
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