Geolo Buys Majority Stake in Joie De Vivre

Geolo plans to expand the number of properties


Geolo Capital, a private equity investment arm owned by John A. Pritzker, son of Hyatt Hotels founder Jay Pritzker, has purchased a majority stake in Joie de Vivre Hospitality (JDV), an independent boutique hotel management company based in San Francisco. Under the new capital partnership, Geolo will fund JDV’s brand expansion outside of California, where the company currently manages 33 different properties; Geolo hopes to expand the number of properties to 50 over the next five years, as well as to double JDV’s hotel revenues. Geolo’s Prtizker will serve as chairman of the company and Chip Conley, JDV founder and CEO, will retain a significant ownership interest and remain CEO.

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www.jdvhotels.com

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