An owner-operator, problem solver, and fixer for hotels, multifamily, and cities.

I create spaces that bring people together and I know real estate end to end, from sourcing to certificate of occupancy to operations to asset management.

I've done it all, and I lead the teams that get it done.

$750M+Financed
& developed
$275M+Debt & equity
raised
930+Hotel keys
500+Multifamily
units
Projects

Selected projects.

Click into any of them for the story and the numbers.

Paseo Retreat
Own & Operate · Santa Fe

Paseo Retreat

Nobody wanted it. The scope that scared everyone off is what made it cheap.
Among the highest rents in Santa Fe · Guest Favorite
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St. Louis Multifamily
Capital · Preferred Equity

St. Louis Multifamily

I raised a fund, it was repaid on schedule, and I put the money back to work in stabilized multifamily.
$7.1M raised
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Waldorf Astoria Beverly Hills
Hotels · Capital Markets

Waldorf Astoria Beverly Hills

A $400M luxury hotel in Beverly Hills needed a mezzanine loan.
$150M mezzanine loan · 170 keys
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Hyatt House & Hyatt Place LAX
Hotels · Conversion

Hyatt House & Hyatt Place LAX

A 258,000 SF office building becomes a 401-key dual-brand hotel.
$140M · 401 keys
→
Stay Open Hotels & Management
Lodging · Company Building

Stay Open Hotels & Management

Commercial to co-lodging. There was no playbook, so I wrote it.
Venture-backed · $3M+ raised
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Denver Multifamily
Own & Operate · Denver

Denver Multifamily

Not a passive check. Deep in the operations and the strategy.
~400 units
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Whispertree
Advisory · Wellness Resort

Whispertree

A stunning property with real demand, and a plan to match.
Mendocino County
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Oya New Earth
Advisory · Wellness Resort

Oya New Earth

All the ambition the setting invites.
Dominican Republic
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Port of San Diego RFP
Civic · Public Process

Port of San Diego RFP

A vacant waterfront car-rental building, a competitive RFP, and 20+ agencies to align.
~240 beds · vacant car-rental conversion
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Downtown Santa Monica Leadership Forum
Civic · Downtown Revitalization

Downtown Santa Monica Leadership Forum

The right people in one room, pointed at the same plan.
140+ attendees · two sitting Mayors
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Burbank Self-Storage
Own & Operate · LP Position

Burbank Self-Storage

Storage is the asset class that behaves when nothing else does.
Burbank
→
Ming Yang Wind Power
Private Equity · Beijing

Ming Yang Wind Power

I found it, and I took it public.
Largest US IPO by a Chinese company, 2010
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What I do

The short version.

Capital & Structuring

Deal sourcingThe relationships to find deals and the underwriting to prove them out. Stay Open Venice, Ming Yang, Paseo, and Denver all started with me.
Capital formationMezzanine, preferred equity, EB-5, debt, 1031. $275M+ raised.
Deal structuringFunds, joint ventures, preferred equity, tenancy-in-common, management agreements, master leases.
Asset managementHands-on, not passive. Operations, budgets, and the changes that create value.

Building & Operating

Development & conversionDevelopment and adaptive reuse of existing assets. Office to hotel, commercial to co-lodging, tired multifamily to best in class.
Entitlement & public processCEQA, Coastal Commission, conditional use permits, change of use, master plan amendments, public-private partnerships, city RFPs.
Building systemsMEP, structural, fire life safety, utilities, environmental, IT, building materials. Hands-on in all of it.
Operations & P&LSOPs, systems, vendors, budgets, KPIs. I run the whole P&L and manage the team.
Company buildingBrand, org design, culture, mission, and the playbook. I hire and lead the team.
NetworkArchitects, contractors, designers, engineers, consultants, brokers, owners, operators, city officials. Best in class only. If I can't do it, my network can.
About

Andrew Swerdloff

Andrew Swerdloff

Beijing taught me the building blocks: how to evaluate a company, what makes a good leader, how to model, and how to connect with people. Everything since has been putting them to work in real estate and the spaces where people come together.

Private equity first: a $350M China fund, $80M+ across five growth-equity deals, and Ming Yang Wind Power, which I sourced and led to the New York Stock Exchange.

Then hotel capital markets in Los Angeles: $275M+ raised, $750M+ financed, including the Waldorf Astoria Beverly Hills and the LAX Hyatt, which I developed end to end.

I built Stay Open: affordable, fun, community-oriented lodging, converting empty commercial space into its highest and best use.

Now I own and run multifamily in Santa Fe, Denver, and St. Louis and advise on select hospitality assets.

The rest of my time goes to civic work: coastal revitalization and access through CALS, the nonprofit I co-founded, and Hozzo, where I am building the agentic place management platform for the people who run our districts.

Where I work

  • Santa Fe & DenverOwner and operator. Multifamily, short-term rental, and the strategy behind both.
  • Los AngelesWhere the hotel capital markets work was, and where the civic work is now.
  • Anywhere the deal is stuckSan Diego, Jackson, Mendocino County, the Dominican Republic. The location matters less than whether the problem is interesting.

Currently

  • Blue Hat PartnersPrincipal. The vehicle for everything above.
  • CALSCo-Founder, Treasurer, and Board Member. A 501(c)(3) working to preserve and expand lower-cost lodging on the California coast. supportcals.org
  • HozzoCo-Founder and CEO. The agentic place management platform for district managers. hozzo.io
Explore

What I fix

Stalled hotel projectsUnderperforming multifamilyShort-term rentalsAdaptive reuseLower-cost lodgingEntitlements and public processHotel and resort advisoryCapital stack gaps

Projects

Paseo RetreatSt. Louis MultifamilyWaldorf Astoria Beverly HillsHyatt House & Hyatt Place LAXStay Open Hotels & ManagementDenver MultifamilyWhispertreeOya New EarthPort of San Diego RFPDowntown Santa Monica Leadership ForumBurbank Self-StorageMing Yang Wind Power
Contact

If something is stuck, I'm interested.

Tell me what you're working on.