Companies · Lodging and Conventions

HRC Hotels, LLC

EAST LANSING · Lodging and Conventions

Diligence memoA one-page analyst read on HRC Hotels, LLC — recommendation, valuation, rhythm, risks.
$28.5M
Total raised · real
8
Rounds
0.4×
Latest step-up
Top 4%
Sector rank · raised
Series A
Latest stage · inferred · Wed Apr 22 2015 00:00:00 GMT+0000 (Coordinated Universal Time)

HRC Hotels, LLC looks under-valued against its niche peers and is dormant on financing cadence.

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

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

Under-valued
  • Modeled value is 0.05× the median modeled value of Series A Lodging and Conventions companies in 2013–2015 (18 peers) — value vs value, same stage and era.
Dormant
  • Last raise 11.2 yr ago; this sector typically re-raises about every 12 months.
  • Silent for over 3× the sector's normal cadence.

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

Issuer-vehicle patternmedium confidence

HRC Hotels, LLC 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
56.5 yr record
Peak capital year was Undated with $20.3M across 4 filings.
Market position
ahead of 97% of Lodging and Conventions peers
Capital scale is ahead of 97% of Lodging and Conventions peers; modeled value is above 6% 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
Needs review
Row-level filing totals differ from canonical totals, so amendment/superseded filtering should be checked.
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 Undated: $20.3M across 4 filings.
  • Largest single filing was $11.3M on .
  • Filing rows sum to $30.5M, while canonical raised total is $28.5M; likely amendments/superseded rows are mixed into the detail view.
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.
  • The more important signal is lifecycle: repeated filings ended years ago, so current activity needs outside confirmation.
  • Canonical filtering should be tightened before using row-level totals for diligence.
Leadership

No named principal in this company's public records yet — see all operators below.

Explore how these operators interlock with other companies in the operator network.

Where it sits in Lodging and Conventions

HRC Hotels, LLC is one of 514 Lodging and Conventions companies tracked from EAST LANSING. By capital raised it ranks among the largest (ahead of 97% of sector peers), and in the long tail by modeled valuation est..

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

As reported in public records reported — not modeled.

US
Jurisdiction
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$13M$25M$38M$50MSeed · Raised $2.0M (real) Modeled valuation $3.5M (est)SeedSeries A · Raised $5.0M (real) Modeled valuation $11M (est)Series ASeries A · Raised $11M (real) Modeled valuation $25M (est)Series ASeed · Raised $2.0M (real) Modeled valuation $3.5M (est)SeedSeed · 2009-12-17 Raised $3.8M (real) Modeled valuation $22M (est)Seed2009Seed · 2009-12-17 Raised $3.9M (real) Modeled valuation $23M (est)Seed2009Seed · 2010-12-31 Raised $1.6M (real) Modeled valuation $9.4M (est)Seed2010Seed · 2013-03-05 Raised $575K (real) Modeled valuation $3.3M (est)Seed2013Seed · 2015-04-22 Raised $210K (real) Modeled valuation $1.2M (est)Seed2015+$5.0M+$11M+$2.0M+$3.8M+$3.9M+$1.6M+$575K+$210KCumulative $30M

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
Seed$2.0M
Series A$5.0M
Series A extension$11.3M
Bridge · Series A-stage$2.0Msmaller follow-on
Bridge · Series A-stage$3.8M · 2009smaller follow-on
Bridge · Series A-stage$3.9M · 2009smaller follow-on
Bridge · Series A-stage$1.6M · 2010smaller follow-on
Bridge · Series A-stage$575K · 2013smaller follow-on
Bridge · Series A-stage$210K · 2015smaller follow-on

Stages are modeled from round size (public records carry no series label). No record for: Pre-Seed — the company may have raised it under a different exemption, merged it into an adjacent record, or skipped it. Sequence completeness: 67%.

Modeled valuation trajectory
$1.2M
Base estimate est.
$166K
Conservative case
$9.5M
Upside case
$1.1M
Modeled post-money

Round size and date are reported; the stage label is inferred from round size (latest is Series Aa $4.0M–$15M round). Valuation is modeled from stage benchmarks scaled by the lodging sector profile. Directional, not a quoted figure.

Seed · modeled $3.5M · Series A · modeled $11.0M · Series A · modeled $24.8M · Seed · modeled $3.5M · Seed · modeled $22.0M · 2009-12-17Seed · modeled $22.6M · 2009-12-17Seed · modeled $9.4M · 2010-12-31Seed · modeled $3.3M · 2013-03-05Seed · modeled $1.2M · 2015-04-222015
Model inputs · modeled:benchmark-stage-stepup-v1
20%
Dilution assumption
Implied ownership sold in the financing.
35%
Survival probability
16% low · 55% high
1.22×/yr
Annual markup
1.60×/yr upside case
6.0 yr
Elapsed time used
11.2 yr actual, capped for stale marks
lodging
Sector profile
Adjusts growth and survival by industry.
Financing rhythm
68 mo
Avg between rounds
$628K/yr
Capital velocity
56.5 yr
On record since
1970
First round
9
Rounds on file
How it compares to the market

Benchmarked against 514 companies in Lodging and Conventions. 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) 11× above median
This company$28.5M
Sector median$2.5M
Latest round — vs other Series A rounds in sector (real $, this stage) 0.0× of median
This company$210K
Sector median$7.0M
Modeled value — vs sector median (estimate, all stages) 0.1× of median
This company$1.2M
Sector median$10.8M

Raised more than 97% of sector peers (real $). Modeled value above 6% of peers (estimate).

Niche peers — same stage & era

A tighter cohort than the sector chart above — only companies at the same stage (Series A) 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. This company ranks #18 of 18.

This companyCohort peer
$100K$1.0M$10.0M$100.0M$1.0M$10.0M$100.0MCapital raised (log)Watertown MRI BP LLC · Series A Raised $10.1M · modeled $47.4M (est)Northeastern Ohio Hotel Energy Fund, LLC · Series A Raised $10.0M · modeled $46.8M (est)RREAF O&G Portfolio #2 Investors LLC · Series A Raised $9.4M · modeled $44.1M (est)Hotel Magdalena, LLC · Series A Raised $8.3M · modeled $38.9M (est)Five VP Texas, L.P. · Series A Raised $7.1M · modeled $33.3M (est)RREAF Holdings (O&G Portfolio Number 2), LLC · Series A Raised $6.3M · modeled $29.5M (est)Albuquerque Hotel Investments Capital, LLC · Series A Raised $5.8M · modeled $27.1M (est)Albuquerque Hotel Investments Capital II, LLC · Series A Raised $5.8M · modeled $27.1M (est)Belmar HH Owner, LLC · Series A Raised $5.7M · modeled $26.7M (est)Spectator Hotel, LLC · Series A Raised $5.5M · modeled $25.7M (est)La Crosse Hotel Group LLC · Series A Raised $16.2M · modeled $25.5M (est)Stoney Creek Investors of Independence, L.L.C. · Series A Raised $4.8M · modeled $22.5M (est)HRC Hotels, LLC (this company) Raised $28.5M · modeled $1.2M (est)HRC Hotels, LLC
CompanyStageRaised · realValue · estvs peer med.
Watertown MRI BP LLCSeries A$10.1M$47.4M1.81×
Northeastern Ohio Hotel Energy Fund, LLCSeries A$10.0M$46.8M1.79×
RREAF O&G Portfolio #2 Investors LLCSeries A$9.4M$44.1M1.68×
Hotel Magdalena, LLCSeries A$8.3M$38.9M1.49×
Five VP Texas, L.P.Series A$7.1M$33.3M1.27×
RREAF Holdings (O&G Portfolio Number 2), LLCSeries A$6.3M$29.5M1.12×
Albuquerque Hotel Investments Capital, LLCSeries A$5.8M$27.1M1.04×
Albuquerque Hotel Investments Capital II, LLCSeries A$5.8M$27.1M1.04×
Belmar HH Owner, LLCSeries A$5.7M$26.7M1.02×
Spectator Hotel, LLCSeries A$5.5M$25.7M0.98×
La Crosse Hotel Group LLCSeries A$16.2M$25.5M0.97×
Stoney Creek Investors of Independence, L.L.C.Series A$4.8M$22.5M0.86×
HRC Hotels, LLC this companySeries A$28.5M$1.2M0.05×
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.
Seed$3.8M2009-12-17$19.2M$22.0M90%
Seed$3.9M2009-12-17$19.7M$22.6M90%
Seed$1.6M2010-12-31$8.2M$9.4M90%
Seed$575K2013-03-05$2.9M$3.3M90%
Seed$210K2015-04-22$1.1M$1.2M90%
Seed$2.0M$10.0M$3.5M90%
Series A$5.0M$22.7M$11.0M90%
Series A$11.3M$51.2M$24.8M90%
Seed$2.0M$10.0M$3.5M90%
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. Seed$3.8M2009-12-17
    • First recorded raise — entered as Seed.
  2. Seed$3.9M2009-12-17
    • Filed alongside the prior round (same month) — likely a tranche or amendment.
    • Round roughly the size of the prior one.
  3. Seed$1.6M2010-12-31
    • Raised 12 mo later, in step with the ~12 mo sector norm.
    • Round 2.4× smaller than the prior — bridge or down round.
  4. Seed$575K2013-03-05
    • Raised again after 26 mo — slower than the ~12 mo sector norm.
    • Round 2.8× smaller than the prior — bridge or down round.
  5. Seed$210K2015-04-22
    • Raised again after 26 mo — slower than the ~12 mo sector norm.
    • Round 2.7× smaller than the prior — bridge or down round.
Intelligence
2020 ~Q4
Modeled next raise · ~68mo cadence
$210K
Modeled next size est.range $210K$336K
0.4×
Last step-up
$628K/yr
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.

Key people & operators

Officers, directors and promoters named in this company's public recordsreported — the people who run it (not its investors). "Also runs" counts come from name-matching across all records, so verify before acting.

PersonRoleAlso runsTied since
Frank S. Ioppolo2015-04
James J. Matuszak2010-12
Jeffrey A. Good2010-12
Joseph A. Romkema2010-12
Rebecca I. Keenan
Rebecca Iliene Keenan2013-03
Terry Lee Hall2009-12
Registry & provenance

HRC Hotels, LLC 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
1502622
SEC CIK
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
TownPark Hotel, LLCLodging and ConventionsSeries A$18.2M$20.3Msame sector · same stage
Elevation Crested Butte, LLCLodging and ConventionsSeries A$16.8M$9.2Msame sector · same stage
Vesta Hotel Fund 2014, LlcLodging and ConventionsSeries A$10.0M$22.0Msame sector · same stage
Hospitality Developers Fund, LLCLodging and ConventionsSeries A$9.9M$21.8Msame sector · same stage
Concord Wayne Hotel LLCLodging and ConventionsSeries A$9.1M$21.8Msame sector · same stage
Nolen Hotel Investment LLCLodging and ConventionsSeries A$8.7M$19.5Msame sector · same stage
Lazy J Sporting Club, LLCLodging and ConventionsSeries A$8.0M$21.6Msame sector · same stage
Truly Redlands LLCLodging and ConventionsSeries A$7.8M$3.8Msame sector · same stage
Frequently asked
How much funding has HRC Hotels, LLC raised?
HRC Hotels, LLC has raised approximately $28.5M in disclosed capital across 8 recorded financing rounds, aggregated from public filings.
What is HRC Hotels, LLC's estimated valuation?
Provath's modeled valuation for HRC Hotels, LLC is approximately $1.2M (modeled range $166K–$9.5M). This is an algorithmic estimate derived from round sizes and same-niche peers — not a quoted or reported figure.
What funding stage is HRC Hotels, LLC at?
HRC Hotels, LLC's latest modeled financing stage is Series A. Its most recent recorded round closed around Wed Apr 22.
What does HRC Hotels, LLC do and where is it based?
HRC Hotels, LLC operates in the Lodging and Conventions sector, based in EAST LANSING.
Explore related

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