For owners, boards, brokers & counsel

An operating partner your board can underwrite.

Embodier works with equity groups, family offices, lenders, and the advisers who represent them. Every engagement is documented by counsel, reported on an institutional cadence, and structured so that nothing exotic sits above the operating business.

What owners receive

Board-grade reporting

Quarterly operating packages, annual audited financials, covenant tracking, and a standing budget-to-actual review.

Counsel-drafted structures

Membership terms and any tokenized interests are documented by securities and hospitality counsel, with regulated service providers in the chain.

Aligned sponsor capital

Embodier invests alongside owners in every asset it operates and takes performance-weighted fees, not flat management percentages.

Illustrative capital stack

Sponsor equity

Embodier

Membership & tokenized interests

Structured by counsel

Preferred equity

Institutional partners

Senior debt

Bank or private credit

Proportions are illustrative and vary by asset.

Reading the stack

Membership and tokenized interests are tranches, not a thesis.

Senior debt and preferred equity are sourced conventionally. Founding membership proceeds fund fit-out and are recognized as deferred revenue. Where a tokenized tranche is used, it is a digital security issued under an exemption, serviced by a regulated transfer agent, and reported alongside every other layer. Embodier’s sponsor equity sits last.

Structures vary by jurisdiction and asset. Nothing on this page is an offer of securities.

Ways to engage

Three structures. One operating team.

Acquisition joint venture

Embodier sources and co-invests; the partner provides the majority of equity. We convert, operate, and report; returns are shared by a waterfall agreed at closing.

Conversion & management agreement

You keep the asset. Embodier leads the repositioning, launches the membership, and operates under a performance-weighted management agreement.

Portfolio recapitalization

For owners of multiple resort assets: a staged program that refinances, converts, and brings each property onto a shared membership and operating platform.

Send us the asset summary. We’ll return a one-page operating view.

Typical turnaround is two weeks from site visit to indicative structure.

Talk to Embodier