REAL ESTATE HOSPITALITY FUND

Philo Ventures is a venture group driving early-stage innovation and economic growth through our startup studio, VC fund, and real estate development firm. 

Philo Ventures is currently raising a $50M Real Estate Hospitality Fund, with a targeted fund life of 7-10 years. This fund is dedicated to transforming underperforming independent hotels into highly profitable assets primarily in the Intermountain West region of the United States, in particular Utah, Idaho, Arizona, and Wyoming.

In parallel, we are also raising a $15M Studio Fund focused on propelling our rigorously de-risked and validated startups into their next growth phase.

Fund Managers

M. Chad Staheli

CEO, managing partner

Phone: +1.801-319-4700

Prior to starting Philo Ventures, Chad launched and managed Vere Capital, a family office focused on early-stage investments. Before entering private equity, Chad served as General Counsel for National Surgical Hospitals, ultimately supporting acquisition of the entity by Bain Capital. Chad has a passion for early to mid-stage enterprises, having founded and operated several successful ventures over the past 15 years. Over the past 5 years, Chad has raised over $250M in debt and equity capital and has provided 50%+ returns to investors. He holds an MBA from the Wharton School of Business, a PhD in leadership from Brigham Young University, and a JD from BYU's J. Reuben Clark Law School. When not pursuing entrepreneurial ventures, Chad enjoys whitewater rafting, yard work, aviation, and spending time with his wife and five children.

Greg Whitehead

Development managing partner

Phone: +1.435-632-2883

Greg specializes in complex real estate development with experience spanning luxury resorts, assisted living facilities, and upscale commercial properties. Leveraging his experience as the Sr. Vice President of at NAI Excel, Greg brings a unique perspective to the projects he leads at Philo. He has bought and sold dozens of hotels across the Mountain West and serves on several University and local government boards. Greg holds an MBA and a degree in accounting. Born and raised in St. George, Utah, Greg enjoys pickleball, soccer, and spending time outdoors with his family.

Cory Cozzens

Partner

Phone: +1.571.438.8001

Cory has spent his career launching and managing innovative businesses, generally in heavily regulated and operationally intense industries with a significant customer experience element, including: Surf Air, a membership-based airline; Matternet, the world’s first commercialized urban drone delivery service; and Voom, an on-demand helicopter service launched by Airbus. Cory also has executive experience in high-growth SaaS, having built the customer success program at Lucid Software. At Philo, Cory leads the venture building efforts within the studio, while providing operational and customer experience oriented guidance to relevant development efforts. Cory holds an MBA from the Wharton School of Business, a JD from the George Mason University School of Law, and a BA in Economics from Brigham Young University. When not at the Philo offices, Cory is most likely adventuring with his family in their beloved Utah mountains.

Ryan Thomas

Chief of Staff & Head of Operations

Phone: +1.801.678.205

Ryan is a operations executive with a dynamic career that spans various industries, including real estate, investing, transportation, and hospitality. He started Basecamp Hospitality, one of Philo's first portfolio companies, and successfully launched multiple resorts. Since starting his career in management consulting, he has honed held leadership roles in strategy, finance, and operations functions.

As a professional river guide, Ryan has always had a deep connection with the great outdoors. This passion for adventure has not only shaped his personal life but also his professional endeavors, providing him with unique perspectives and resilience.

Ryan attended The Wharton School, University of Pennsylvania (MBA) and Brigham Young University (BS in Management Strategy). His education, combined with his hands-on experience, brings a wealth of knowledge to fund execution.

In his free time, Ryan is an avid mountain biker and runner. Whether on a board or in the water, he enjoys spending quality time with his wife and three kids.

Fund Strategy

Our strategy involves the acquisition and optimization of 10-15 non-flagged, owner-operated hotel properties. By implementing advanced marketing and revenue management tactics, making targeted property improvements, and adding outdoor accommodations where possible, we aim to significantly enhance net operating income of the acquired properties. The fund is targeting a return on investment of 15% to LPs and will employ a strategic mix of cash and debt financing to maximize returns for our LPs. Philo may raise a debt fund or partner with our local institutional bank with whom we have strong relations.

Fund Types:
Real Estate | VC

AUM:
$125M

Target Raise:
$50M

About Us

Philo's Edge

Founded in 2020

Founded in 2020 along with the support from one of the largest commercial developers and family offices in the region (Gardner Group), Philo Ventures stands at the intersection of technology and real estate, pioneering a unique investment approach.

Studio & Development

Our Studio division excels in incubating SaaS startups, turning innovative concepts into scalable businesses. Our Development division leverages its strong relationships throughout the western United States to identify unique off-market projects and maximize investor and community value.

Hospitality

In hospitality, we leverage our deep experience where we specialize in optimizing mid-sized boutique hotels located near outdoor attractions. Philo’s expertise allows us to enact strategic improvements in operations, marketing, and revenue management, positioning ourselves to capitalize on the upcoming wave of distressed hotel properties throughout the United States.

Case Study

In 2022, Philo Ventures acquired the Broken Spur Inn & Steakhouse - an underperforming hotel only 5 minutes from Capital Reef - one of the nation’s top National Parks. 

In less than a year, Philo renovated the property, updated the brand assets and digital presence, added strategic marketing channels, and improved operational efficiency resulting in:

+17%

Revenue Increase

+26%

EBITDA Increase
Excluding internal management fee, we increased EBITDA by 39%

+9%

ADR Increase

In parallel with increased occupancy and higher ADRs, we managed to improve customer star ratings across all major platforms (Google reviews, Expedia, booking.com, Airbnb)

Former Brand
Updated Brand

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A venture studio executing on high-potential ideas and empowering a new generation of entrepreneurs.

A venture fund investing in well implemented ideas that, without us, would otherwise not exist.

A real estate development group building value for communities and investors from the ground up.