Diligence memo · auto-generated · as of July 2, 2026
FBRG Hospitality Developers LP
FBRG Hospitality Developers LP has raised $21M over 1 round; too few niche peers to rank its valuation yet.
Businessfiled
FBRG Hospitality Developers LP operates in Hospitality / Travel, based in HOUSTON.
Sub-sector tags: hospitality.
No verified homepage on file yet — operating evidence is limited to the public record.
Capital & rounds (filed)filed
FBRG Hospitality Developers LP has raised $21M in disclosed capital across 1 recorded round, aggregated from public filings. Its latest round is modeled as Series B (a $15M–$40M round).
Largest single filing: $21M on 2022-10-18.
Most recent recorded round closed around 2022-10-18.
Valuation (modeled)modeled
Provath models FBRG Hospitality Developers LP at approximately $222M (range $51M–$551M). This is an algorithmic estimate from round sizes and same-niche peers — not a quoted or reported figure.
Too few comparable companies in this niche to rank the valuation fairly yet.
Financing rhythm & timingmixed
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.
Comparablesmixed
Capital scale ranks ahead of 99% of Hospitality / Travel peers (1027 compared).
Modeled value ranks above 99% of those peers.
Closest niche peers: Vacation On Broadway Ltd Liability Co.
Risks & flagsmixed
Financing has been silent well beyond sector cadence — possibly defunct, acquired, or paused.
No clearly named CEO/founder/principal in the surfaced records — key-person evidence is thin.