Company Profile

 

Cedar Capital Partners focuses exclusively on investment in the hotel industry. The firm, which was founded in 2004, invests in and asset manages full service and luxury hotels.


Since inception, the firm’s principals have acquired hotels with a value in excess of €3 billion and have maintained a consistent track record of strong performance and value creation.


The firm’s principals have worked in nearly every major hotel market in the world and are industry professionals with backgrounds in acquisitions, finance, development & operations.

 

 


 

Team

 

Ramsey Mankarious

 

RAMSEY MANKARIOUS

 

Ramsey founded Cedar Capital Partners and was previously Executive VP of Acquisitions & Development for Kingdom Holding where he was jointly responsible for the company's $2.5 billion hotel investment and asset management activities within Europe, the Middle East, Africa and Asia. Ramsey developed and acquired numerous luxury hotels and was actively involved with the firm's investment in the following management companies: Four Seasons, Fairmont and Mövenpick. Ramsey was previously with HVS, a leading hotel valuation and consulting firm, in their London and New York offices. While at HVS he conducted valuation and advisory transactions in over 30 countries. Ramsey has authored numerous hotel investment articles and is a frequent lecturer. He received his MA in Property Valuation and Law from City University Business School in London and holds a BA in Hotel and Restaurant Management from Michigan State University, USA.

Phil Golding

 

PHIL GOLDING

 

Phil manages the acquisition and asset management functions for the company. Previously Phil worked in the London and Singapore offices of HVS International where he conducted hotel valuations and feasibility studies throughout Europe, the Middle East, Asia and Australia. Prior to this, Phil was a consultant with Christie Consulting International, one of the UK’s largest hotel agents. Phil has valued hotel real estate in excess of US$5 billion and conducted advisory transactions in more than 40 countries throughout the world. Phil started his career at the Savoy Group of Hotels where he completed the prestigious five-year management training programme.

Phil Golding

 

BENJAMIN LEAHY

 

Mr. Leahy is responsible for overseeing the firm’s investment activities in the United States. Mr. Leahy most recently worked as an advisor to PointState Capital focusing on a significant hotel and real estate investment in Buenos Aires, Argentina. Prior to joining PointState, Mr. Leahy was Managing Director and Global Head of Lodging at Goldman Sachs.  During his 11 years at Goldman Sachs, he focused on M&A advisory assignments, capital raising, mortgage lending and restructuring. He advised on over US$50 billion of hotel transactions and his work spanned multiple geographies and ranged from single assets to corporate level transactions. Prior to Goldman Sachs, Mr. Leahy worked at Banc of America Securities and began his career as a consultant for Wharton Econometric Forecasting Associates. Mr. Leahy received his BA in History from Georgetown University. 

CHRISTIAN YOUENS

 

CHRISTIAN YOUENS

 

Christian is responsible for the firm’s asset management activities. Prior to joining Cedar Capital, he worked for London and Regional Properties where he held the position of Head of Hotel Operations, Asset Management and Investments. During his time at London and Regional, Christian oversaw the operations and asset management of over 5,000 hotel rooms across 14 hotels worldwide. He implemented various multi-million capital investment programmes, negotiated lease contracts and hotel management agreements and acquired five further hotels. Christian was previously with various hotel operators and owners including Thistle Guoman Hotels, Hilwood Resorts, Lotus Investment Fund and others, where he held various positions in Finance, Controlling, Feasibility and Development. Christian holds a Diploma in Hotel Management from Les Roches School of Hotel Management and is a Board member of the European chapter of the Hospitality Asset Managers Association (HAMA).

Phil Golding

 

BENJAMIN LEAHY

 

Ben is responsible for overseeing the firm’s investment activities in the United States. Ben most recently worked as an advisor to PointState Capital focusing on a significant hotel and real estate investment in Buenos Aires, Argentina. Prior to joining PointState, Ben was Managing Director and Global Head of Lodging at Goldman Sachs.  During his 11 years at Goldman Sachs, he focused on M&A advisory assignments, capital raising, mortgage lending and restructuring. He advised on over US$50 billion of hotel transactions and his work spanned multiple geographies and ranged from single assets to corporate level transactions. Prior to Goldman Sachs, Ben worked at Bank of America Securities and began his career as a consultant for Wharton Econometric Forecasting Associates. Ben received his BA in History from Georgetown University. 

GIOVANNI FORNI

 

GIOVANNI FORNI

 

Giovanni is involved in the firm’s asset management and acquisition functions. He joined from Hilton Worldwide’s Feasibility & Investment Analysis team where he was responsible for conducting hotel management contract valuations and feasibility studies across Europe and Africa. He also supported Hilton’s Real Estate & Asset Management team in underwriting master plan renovations, acquisitions and disposals. Giovanni has worked in over 25 countries. He holds a B.Sc. in International Hospitality Management (Hons) from the École hôtelière de Lausanne, with a specialisation in real estate finance. During his studies in Switzerland, Giovanni co-founded YHS Global, an organization which acts towards improving professional opportunities for young talent in hospitality. He speaks Italian, German, English and French.

MARY MASSIH

 

JAMES MERCER 

 

Jim is responsible for overseeing the firm’s capital expenditure programs, with particular emphasis on hotel renovations and new builds. In his career he has accumulated over 30 years of specialist experience in the project management of some of the finest luxury hotels including the Ritz - Paris, the Four Seasons George V - Paris, the Park Hyatt - Milan and many others. Jim has a BS degree in Quantity Surveying and is a Member of the Royal Institution Of Chartered Surveyors. He speaks English and French.

MARY MASSIH

 

MAURICE PETIGNAT 

 

Maurice is involved in the firm’s capital expenditure programs, asset management and acquisition functions. He joined from Principal Real Estate‘s Hotel and Leisure Division where he was responsible for the management of major capital expenditure projects across their portfolio. Previously he was responsible for capital expenditure projects across Hilton’s European owned, leased and joint-venture estate and he provided support to the Feasibility & Investment department. Maurice holds a BSc in International Hospitality Management (Hons) from the École Hôtelière de Lausanne, with a specialisation in real estate finance and a MSc in Construction Economics and Management from University College London. He speaks English, German, French and Italian.

CHRISTIAN YOUENS

 

FREDRIK ANDERSSON

 

Fredrik is involved in the firm’s asset management and acquisition functions. He has diverse experience across hotel investment, asset management, data analytics and operations. Prior to joining Cedar Capital Partners he worked for Hetherley Capital Partners investing in full and select service hotels across the UK and Ireland. Fredrik also co-founded MAV Analytics which provides hotel real estate data analytics services to hotel investors and FTSE 100 companies. He has advisory experience working for JLL and has held operational positions in China, Hong Kong, Sweden, Italy and Switzerland. Fredrik graduated with honours from the Ecole hôtelière de Lausanne, speaks fluent Swedish, French and English and is currently pursuing the Chartered Alternative Investment Analyst qualification.

SAMANTHA BOYLE

 

INA PLUNIEN

 

Ina is involved in the firm's acquisition and asset management functions. Previously, she was with Eastdil Secured in London, where she worked on over US$2 billion worth of hotel real estate sales in Europe. She has also worked in real estate advisory with EY as well as various operational positions in Germany, The Netherlands and Malaysia. Ina holds a B.BA (Cum Laude) in Hotel Management from Hotelschool The Hague in The Netherlands and speaks German, English, French and Dutch.

SAMANTHA BOYLE

 

SAMANTHA BOYLE

 

Sam manages the financial functions for the company and is responsible for investor relations and internal HR. Previously she worked as an adviser to start-up companies setting up in-house systems of accounting and office management in the fields of web development, logistics, media and law.

MARY MASSIH

 

MARY MASSIH 

 

Mary is in house legal counsel. Previously she worked as a solicitor for City law firms Withers, Farrers, Harcus Sinclair and Gouldens (now Jones Day). Her legal work has encompassed private client and corporate work. She has structured complex vehicles to minimise tax exposure and has advised domiciled and non domiciled clients. She is fluent in French and Spanish and took a First at Oxford University before embarking on a career in law.

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EMAD SALIB

 

Emad is a director of Cedar Capital Partners and sits on the firm’s advisory board. Emad has over 30 years’ experience of successfully helping organisations develop profitable and sustainable relationships with their customers and partners. Emad has previously held senior roles with Siemens AG and IBM.

MARY MASSIH

 

VENETIA GRIVAS

 

Tia is the office manager and group EA at Cedar Capital Partners. She has focussed on the Luxury sector for over 12 years. Her career has lead her to work with some of the world’s leading Entrepreneurs and Ultra High Net- worth Individuals both as an EA and Lifestyle Manager working at a senior level within the hospitality, fashion and lifestyle industries. Tia speaks English, Greek and French. 

 

 

 

Track Record

Monte Carlo Grande Hotel, Monaco

€200m - December 2004

The Savoy Hotel, London

£220m - January 2005

Hotel des Bergues, Geneva

CHF 120m - April 2005

Mandarin Oriental, Prague

€60m - October 2006

Le Richemond, Geneva

CHF150m - December 2010

Sanderson & St Martins Lane, London

£190m - November 2011

7 InterContinental Hotels Europe

€450m - February 2012

Portfolio of 4 Hotels in France

€700m – January 2013

Sofitel Le Faubourg, Paris

€100m - March 2013

Eden Hotel, Rome

€100m - September 2013

Le Meridien Etoile, Paris

€270m - May 2014
 

Hotel Kimpton DeWitt, Amsterdam

€100m - June 2015

ParkHotel, Prague

€20m - June 2016

Terme di Saturnia, Tuscany

€40m - September 2017

Grand Hotel Beverly Hills, Rome

€35m – January 2018

Angsana Hotel, Corfu 

€85m - December 2018

 

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Contact

 

Cedar Capital Partners 

45 Albemarle Street

London W1S 4JL

United Kingdom

 

Find us on Google Maps

 

Tel: +44 20 7484 3560
Fax: +44 20 7484 3561 

Email: info@cedarcp.com

 

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Cedar Capital Partners | 45 Albemarle Street | London | W1S 4JL | United Kingdom

Tel: +44 20 7484 3560 | Fax: +44 20 7484 3561 | info@cedarcp.com

 

© 2018 Cedar Capital Partners | Website by Sketchanet

 

Cedar Capital Partners

45 Albemarle Street

London W1S 4JL

United Kingdom

 

Tel: +44 20 7484 3560
Fax: +44 20 7484 3561

info@cedarcp.com

 

© 2015 Cedar Capital Partners 

Website by Sketchanet