Companies · Hospitality / Travel

FBRG Hospitality Developers LP

HOUSTON · Hospitality / Travel · refined from filed group “Other

Diligence memoA one-page analyst read on FBRG Hospitality Developers LP — recommendation, valuation, rhythm, risks.
$20.8M
Total raised · real
1
Rounds
Latest step-up
Top 2%
Sector rank · raised
Series B
Latest stage · inferred · Tue Oct 18 2022 00:00:00 GMT+0000 (Coordinated Universal Time)

FBRG Hospitality Developers LP has raised $21M over 1 round; too few niche peers to rank its valuation yet.

Synthesized from the figures below est. — every claim rests on a number shown on this page. Valuation uses the health services sector profile.

Analyst read est. — computed against this company's niche peers in the same era. Inputs shown; not a quoted figure.

Dormant
  • Last raise 3.7 yr ago; this sector typically re-raises about every 14 months.
  • Only one round on record and long silent — often defunct, acquired, or gone quiet.

Procedural diagnosis est. — rule-based common-sense checks over the filing pattern, issuer name, activity cadence, and surfaced operating evidence.

Issuer-vehicle patternmedium confidence

FBRG Hospitality Developers LP behaves more like a recurring private-offering issuer than a conventional venture-backed operating company.

Issuer structure
Company-like
No recurring-offering pattern strong enough to override normal financing interpretation.
Lifecycle
3.7 yr record
Peak capital year was 2022 with $20.8M across 1 filings.
Market position
ahead of 99% of Hospitality / Travel peers
Capital scale is ahead of 99% of Hospitality / Travel peers; modeled value is above 99% of peers by modeled value. Large capital with mid-pack modeled value can signal an issuer/program profile rather than operating-company growth.
Valuation reliability
Normal applicability
Stage/dilution valuation models are weakest when the issuer is broad-sector, recurring, or vehicle-like.
Operating evidence
Sparse
No clear CEO/founder/principal role is surfaced, so operating-company confidence is lower.
Data quality
Consistent
Canonical totals and visible filing detail are broadly aligned.
What triggered this
  • Legal name looks like an issuer vehicle rather than a product company.
  • No clearly named CEO/founder/principal role in the public records surfaced here.
  • No verified homepage on the profile yet.
  • Capital program peaked in 2022: $20.8M across 1 filings.
  • Largest single filing was $20.8M on 2022-10-18.
How to read the page
  • Read this less like a startup funding journey and more like a capital-raising program.
  • Stage-based valuation and peer labels have lower applicability for this pattern.
Where it sits in Hospitality / Travel

FBRG Hospitality Developers LP is one of 1027 Hospitality / Travel companies tracked from HOUSTON. By capital raised it ranks among the largest (ahead of 99% of sector peers), and among the largest by modeled valuation est..

Ranking is computed against this company's own sector cohort — reported capital is fact; valuation tiers are modeled.

hospitality

As reported in public records reported — not modeled.

US
Jurisdiction
Rule 506(b)
Reg D exemption
5
Investors (latest)
2022
Year incorporated
2022-10-18
First sale
Amount raised vs valuation, by round

Solid bars are reported offering amounts reported; hatched bars are the modeled post-money valuation est. — both on one shared scale so you can read raise-vs-worth at each round directly. Use the toggles to overlay data labels and the niche-peer / market average value lines.

Amount raised · realModeled valuation · estCumulative funded · real
$0$125M$250M$375M$500MSeries B · 2022-10-18 Raised $21M (real) Modeled valuation $222M (est)$21M$222MSeries B2022

The line shows cumulative reported funding over the period; + labels show new capital added between points when there is room. Toggle on-bar figures, plus the niche-peer and market averages, to read this company against its cohort. Benchmarks are modeled medians.

Financing ladder & sequence gaps
Series B$20.8M · 2022

Stages are modeled from round size (public records carry no series label). No record for: Pre-Seed, Seed, Series A — the company may have raised it under a different exemption, merged it into an adjacent record, or skipped it. Sequence completeness: 25%.

Modeled valuation trajectory
$222.2M
Base estimate est.
$51.0M
Conservative case
$551.1M
Upside case
$115.6M
Modeled post-money

Round size and date are reported; the stage label is inferred from round size (latest is Series Ba $15M–$40M round). Valuation is modeled from stage benchmarks scaled by the health services sector profile. Directional, not a quoted figure.

Not enough modeled valuation points to chart a trajectory.

Model inputs · modeled:benchmark-stage-stepup-v1
18%
Dilution assumption
Implied ownership sold in the financing.
67%
Survival probability
44% low · 81% high
1.33×/yr
Annual markup
1.61×/yr upside case
3.7 yr
Elapsed time used
3.7 yr actual, capped for stale marks
health services
Sector profile
Adjusts growth and survival by industry.
Financing rhythm
Avg between rounds
Capital velocity
3.7 yr
On record since
2022
First round
1
Rounds on file
How it compares to the market

Benchmarked against 1027 companies in Hospitality / Travel. Each bar is a median (the middle company, not an average — outliers don't skew it). Two yardsticks: real money raised (reported on Form D) and modeled value (our estimate est.). These are whole-sector medians across all stages, except the per-stage row.

Total raised — vs sector median (real $, all stages) 5.3× above median
This company$20.8M
Sector median$3.9M
Latest round — vs other Series B rounds in sector (real $, this stage) 1.0× of median
This company$20.8M
Sector median$21.2M
Modeled value — vs sector median (estimate, all stages) 6.0× above median
This company$222.2M
Sector median$36.9M

Raised more than 99% of sector peers (real $). Modeled value above 99% of peers (estimate).

Niche peers — same stage & era

A tighter cohort than the sector chart above — only companies at the same stage (Series B) that last raised in the same ~3-year era, ranked by modeled value est. (not money raised). This is the exact set the analyst read compares against, so a like-for-like cohort is what makes "over/under-valued" meaningful.

Not enough valued peers in this cohort to chart positioning.

CompanyStageRaised · realValue · estvs peer med.
FBRG Hospitality Developers LP this companySeries B$20.8M$222.2M1.18×
Vacation On Broadway Ltd Liability CoSeries B$25.0M$154.1M0.82×
Full financing history

Stage is inferred from round size est., not reported on the filing — a round's dollar size maps to a bucket: Pre-Seed <$1.0M · Seed $1.0M–$4.0M · Series A $4.0M–$15M · Series B $15M–$40M · Series C $40M–$100M · Series D+ $100M–$400M · Growth/Late >$400M.

StageAmount · realAnnouncedPost-money · estValue · estConf.
Series B$20.8M2022-10-18$115.6M$222.2M90%
What happened at each round

Step-up, pace versus the sector's normal cadence, and revenue/exemption moves — read straight from the reported round facts reported.

  1. Series B$20.8M2022-10-18
    • First recorded raise — entered as Series B.
    • 5 investors on this round.
Intelligence
Modeled next raise
$33.3M
Modeled next size est.range $21.6M$53.2M
Last step-up
Capital velocity

Predictive signals are modeled est. from this company's own cadence and step-up, plus sector benchmarks — directional, not advice. Peer set and a CSV export live in your analyst workspace.

Registry & provenance

FBRG Hospitality Developers LP is an official record sourced from the U.S. Securities and Exchange Commission (SEC). U.S. data is aggregated from SEC Form D filings.

United States
Country of record
US
Jurisdiction
2005664
SEC CIK
2022
Incorporated
Similar companies

Nearest neighbours across the whole database — matched on sector, stage and capital scale, and on shared operators (officers or directors named at both companies in public filings). A discovery shortlist, not a valuation cohort — verify before acting, the same way modeled figures are directional.

CompanySectorStageRaised · realValue · estWhy similar
Concord Sierra NLI WPB Hotel, LLCHospitality / TravelSeries B$21.2M$436.8Msame sector · same stage
Vacation On Broadway Ltd Liability CoHospitality / TravelSeries B$25.0M$154.1Msame sector · same stage
Hall of Fame Resort & Entertainment CoHospitality / TravelSeries B$17.0M$272.6Msame sector · same stage
Laredo Hospitality Ventures, LLCHospitality / TravelSeries B$15.8M$325.3Msame sector · same stage
Audrey Burlington Hotel, LLCHospitality / TravelSeries A$12.3M$231.8Msame sector
Utah Resort Investment S LLCHospitality / TravelSeries C$12.0M$81.9Msame sector
1125 Garden Street Hotel Investors, L.P.Hospitality / TravelSeries A$10.0M$76.9Msame sector
Vacation Destinations, LLCHospitality / TravelSeries A$10.0M$143.0Msame sector
Semantically similar

Matched by meaning, not labels — a local language model reads each company's name, sector and description and ranks the closest in that learned space. This catches look-alikes that cross sector boundaries; the structured list above explains its matches, this one trusts the text. Directional, like every modeled signal here.

CompanySectorStageValue · estMatch
Fybr Inc.OtherPre-Seed$2.5M77%
DG Hotel Ventures, LLCHospitality / TravelSeries B$453.3M77%
Fabels Hospitality East, LLCHospitality / TravelPre-Seed$3.6M77%
Branded Hospitality Group LLCHospitality / TravelSeed$743K75%
Landingplace Hospitality LLCHospitality / TravelPre-Seed$1.6M75%
Solvang Hospitality Group 29, LLCHospitality / TravelPre-Seed$2.0M75%
FCDG Management LLCOtherPre-Seed$23.1M75%
Proper Hospitality, LLCHospitality / TravelPre-Seed$1.3M75%
Frequently asked
How much funding has FBRG Hospitality Developers LP raised?
FBRG Hospitality Developers LP has raised approximately $20.8M in disclosed capital across 1 recorded financing round, aggregated from public filings.
What is FBRG Hospitality Developers LP's estimated valuation?
Provath's modeled valuation for FBRG Hospitality Developers LP is approximately $222.2M (modeled range $51.0M–$551.1M). This is an algorithmic estimate derived from round sizes and same-niche peers — not a quoted or reported figure.
What funding stage is FBRG Hospitality Developers LP at?
FBRG Hospitality Developers LP's latest modeled financing stage is Series B. Its most recent recorded round closed around Tue Oct 18.
What does FBRG Hospitality Developers LP do and where is it based?
FBRG Hospitality Developers LP operates in the Hospitality / Travel sector, based in HOUSTON.
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