AWH Partners closes $100M Strategic Income Fund

NEW YORK CITY – Hotel investor, manager and developer AWH Partners has announced the first of a series of closings for its $100 million Strategic Income Fund. Launched in August 2025.

The fund will capitalize on current market conditions—including motivated sellers, limited competition, and attractive valuations—to acquire high-quality hospitality assets capable of generating consistent income while reducing exposure to economic cycles and localized downturns.

AWH Partners recently made the acquisition of the Hotel Trio Healdsburg, a 122-key, all-suite hotel in the heart of Sonoma wine country. Since opening in 2018, the soft-branded Residence Inn has distinguished itself as the only Marriott-branded property in northern Sonoma and the second largest hotel in Healdsburg.

In a recent interview with Hotel Investment Today, AWH Co-Founder and Partner Chad Cooley talked about deploying their first fund and what they see ahead for M&A and performance.

“We see a compelling opportunity emerging to acquire high-quality, income-producing hospitality assets,” Cooley said in a statement. “AWH is uniquely positioned to capitalize on this environment through our data-driven investment platform, which leverages proprietary analytics as well as deep investment and operational expertise to identify, acquire and manage hospitality assets with a focus on durable cash flow and strong downside protection.”

AWH said the Strategic Income Fund represents a natural expansion of its investment platform while addressing a growing market need. As consolidation among the largest fund managers continues to drive minimum investment sizes higher, AWH said the fund creates new pathways for a wider group of capital partners to access institutional-grade hospitality opportunities.

“This vehicle opens the door for investors and family offices who have sought direct access to institutional-quality hospitality deals but were often sidelined by rising investment minimums at larger funds,” said Russ Flicker, co-founder and managing partner at AWH Partners. “Our strategy is calibrated to protect capital while generating consistent income—benefiting from our data-driven underwriting and the proven operational expertise of our hospitality management subsidiary, Spire Hospitality.”

Added Jon Rosenfeld, co-founder and managing partner at AWH Partners, “The recent market head-winds—including higher interest rates, constrained transaction volume, and elevated operating costs —have created favorable entry points for well-capitalized investors and for our team to leverage and identify value and drive optimal performance.”

Since its founding in 2010, privately held AWH Partners has invested more than $2 billion in hospitality real estate, partnering with institutional capital providers and investors to strategically source, develop and manage high-performing assets. The vertically integrated investment firm includes Spire Hospitality, which provides hotel management services, and AWH Development, a full-service real estate development company.