Companies · Lodging and Conventions

Open Air Hotels & Resorts Inc.

Jersey City · Lodging and Conventions

Diligence memoA one-page analyst read on Open Air Hotels & Resorts Inc. — recommendation, valuation, rhythm, risks.
$450K
Total raised · real
1
Rounds
1.6×
Latest step-up
Top 92%
Sector rank · raised
Pre-Seed
Latest stage · inferred · Wed Oct 11 2023 00:00:00 GMT+0000 (Coordinated Universal Time)

Open Air Hotels & Resorts Inc. looks fair against its niche peers and is at-risk 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.

Fair
  • Modeled value is 0.85× the median modeled value of Pre-Seed Lodging and Conventions companies in 2022–2024 (16 peers) — value vs value, same stage and era.
  • Within the normal band (85% of peer median) for its niche.
At-risk
  • Last raise 2.7 yr ago; this sector typically re-raises about every 12 months.
  • Past due for a raise versus sector cadence — watch for distress or a bridge.
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

Open Air Hotels & Resorts Inc. is one of 514 Lodging and Conventions companies tracked from Jersey City. By capital raised it ranks in the long tail (ahead of 9% 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
No revenue
Issuer revenue
Rule 506(c)
Reg D exemption
19
Investors (latest)
2023
Year incorporated
2023-10-11
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$1.3M$2.5M$3.8M$5.0MPre-Seed · 2023-10-11 Raised $450K (real) Modeled valuation $1.4M (est)$450K$1.4MPre-Seed2023Seed · 2023-10-11 Raised $1.3M (real) Modeled valuation $3.8M (est)$1.3M$3.8MSeed2023Pre-Seed · 2023-10-11 Raised $875K (real) Modeled valuation $2.6M (est)$875K$2.6MPre-Seed2023Seed · 2023-10-11 Raised $1.4M (real) Modeled valuation $4.2M (est)$1.4M$4.2MSeed2023+$1.3M+$875K+$1.4MCumulative $4.0M

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
Pre-Seed$450K · 2023
Seed$1.3M · 2023
Bridge · Seed-stage$875K · 2023smaller follow-on
Seed extension$1.4M · 2023

Stages are modeled from round size (public records carry no series label). Ladder is contiguous — every modeled rung has a record.

Modeled valuation trajectory
$1.4M
Base estimate est.
$264K
Conservative case
$5.7M
Upside case
$2.5M
Modeled post-money

Round size and date are reported; the stage label is inferred from round size (latest is Pre-Seeda round under $1.0M). Valuation is modeled from stage benchmarks scaled by the lodging sector profile. Directional, not a quoted figure.

Pre-Seed · modeled $1.4M · 2023-10-112023Seed · modeled $3.8M · 2023-10-11Pre-Seed · modeled $2.6M · 2023-10-11Seed · modeled $4.2M · 2023-10-112023
Model inputs · modeled:benchmark-stage-stepup-v1
18%
Dilution assumption
Implied ownership sold in the financing.
26%
Survival probability
11% low · 48% high
1.30×/yr
Annual markup
1.76×/yr upside case
2.7 yr
Elapsed time used
2.7 yr actual, capped for stale marks
lodging
Sector profile
Adjusts growth and survival by industry.
Financing rhythm
0 mo
Avg between rounds
Capital velocity
2.7 yr
On record since
2023
First round
4
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) 0.2× of median
This company$450K
Sector median$2.5M
Latest round — vs other Pre-Seed rounds in sector (real $, this stage) 2.8× above median
This company$1.4M
Sector median$500K
Modeled value — vs sector median (estimate, all stages) 0.1× of median
This company$1.4M
Sector median$10.8M

Raised more than 9% of sector peers (real $). Modeled value above 8% of peers (estimate).

Niche peers — same stage & era

A tighter cohort than the sector chart above — only companies at the same stage (Pre-Seed) 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 #13 of 16.

This companyCohort peer
$1.0M$10.0M$100K$1.0M$10.0MCapital raised (log)Indian Lake Hotel Group, LLC · Pre-Seed Raised $1.0M · modeled $4.6M (est)MM East Washington, LLC · Pre-Seed Raised $950K · modeled $4.5M (est)Beyonder Resort at Lazy Acres LLC · Pre-Seed Raised $994K · modeled $4.1M (est)Winters Hotel Group, LLC · Pre-Seed Raised $900K · modeled $4.0M (est)NextGen Holding Company, LLC · Pre-Seed Raised $895K · modeled $3.5M (est)Redfish Lodge Partners, LLC · Pre-Seed Raised $1.0M · modeled $3.2M (est)Eugene Hotel, LLC · Pre-Seed Raised $920K · modeled $2.1M (est)Auxano - Bandon Marina Inn LLC · Pre-Seed Raised $425K · modeled $1.6M (est)Bolingbrook Lodging Investors, Llc · Pre-Seed Raised $600K · modeled $1.6M (est)Space 24 LLC · Pre-Seed Raised $375K · modeled $1.5M (est)Pyramid Forest Llc · Pre-Seed Raised $421K · modeled $1.4M (est)Joliet 55 Hospitality, Llc · Pre-Seed Raised $600K · modeled $1.4M (est)Open Air Hotels & Resorts Inc. (this company) Raised $450K · modeled $1.4M (est)Open Air Hotels & Resorts Inc.
CompanyStageRaised · realValue · estvs peer med.
Indian Lake Hotel Group, LLCPre-Seed$1.0M$4.6M2.89×
MM East Washington, LLCPre-Seed$950K$4.5M2.82×
Beyonder Resort at Lazy Acres LLCPre-Seed$994K$4.1M2.55×
Winters Hotel Group, LLCPre-Seed$900K$4.0M2.54×
NextGen Holding Company, LLCPre-Seed$895K$3.5M2.19×
Redfish Lodge Partners, LLCPre-Seed$1.0M$3.2M2.01×
Eugene Hotel, LLCPre-Seed$920K$2.1M1.29×
Auxano - Bandon Marina Inn LLCPre-Seed$425K$1.6M1.00×
Bolingbrook Lodging Investors, LlcPre-Seed$600K$1.6M1.00×
Space 24 LLCPre-Seed$375K$1.5M0.96×
Pyramid Forest LlcPre-Seed$421K$1.4M0.90×
Joliet 55 Hospitality, LlcPre-Seed$600K$1.4M0.86×
Open Air Hotels & Resorts Inc. this companyPre-Seed$450K$1.4M0.85×
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.
Pre-Seed$450K2023-10-11$2.5M$1.4M90%
Seed$1.3M2023-10-11$6.4M$3.8M90%
Pre-Seed$875K2023-10-11$4.9M$2.6M90%
Seed$1.4M2023-10-11$7.0M$4.2M90%
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. Pre-Seed$450K2023-10-11
    • First recorded raise — entered as Pre-Seed.
    • 3 investors on this round.
  2. Seed$1.3M2023-10-11
    • Filed alongside the prior round (same month) — likely a tranche or amendment.
    • Round 2.8× larger than the prior — scaling up.
    • 16 investors on this round.
  3. Pre-Seed$875K2023-10-11
    • Filed alongside the prior round (same month) — likely a tranche or amendment.
    • Round 1.5× smaller than the prior — bridge or down round.
    • 11 investors on this round.
  4. Seed$1.4M2023-10-11
    • Filed alongside the prior round (same month) — likely a tranche or amendment.
    • Round 1.6× larger than the prior — scaling up.
    • 19 investors on this round.
Intelligence
Modeled next raise
$2.2M
Modeled next size est.range $1.5M$3.6M
1.6×
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.

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
Jordan Meltzer1 other2023-10
Lauren Meltzer2023-10
Paul Bagi2023-10
Registry & provenance

Open Air Hotels & Resorts Inc. 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
1998376
SEC CIK
2023
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
Oregon Development Ventures LLCLodging and ConventionsPre-Seed$442K$3.2Msame sector · same stage
Lesesne Property Holdings, LLCLodging and ConventionsPre-Seed$460K$3.3Msame sector · same stage
Hannah Hospitality, LLCLodging and ConventionsPre-Seed$472K$3.4Msame sector · same stage
Wayne Hospitality Group, L.L.C.Lodging and ConventionsPre-Seed$475K$3.4Msame sector · same stage
Auxano - Bandon Marina Inn LLCLodging and ConventionsPre-Seed$425K$1.6Msame sector · same stage
Pyramid Forest LlcLodging and ConventionsPre-Seed$421K$1.4Msame sector · same stage
Forza Texas Hotel Fund, LPLodging and ConventionsPre-Seed$500K$3.6Msame sector · same stage
Northgate Hotel, LLCLodging and ConventionsPre-Seed$500K$3.6Msame sector · same stage
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
AirHost, LLCLodging and ConventionsPre-Seed$541K84%
Apartment Jet, Inc.Lodging and ConventionsPre-Seed$6.5M83%
Locale Hospitality, Inc.Lodging and ConventionsSeries A$37.0M82%
Cozad Hotel Group, LLCLodging and ConventionsSeed$6.0M82%
Carson Hotel Group, LlcLodging and ConventionsSeed$10.6M82%
Savannah Airport Lodging, LLCLodging and ConventionsSeed$10.9M82%
Guild Travel, Inc.Lodging and ConventionsSeries B$83.7M82%
Springfield Hotel, LLCLodging and ConventionsSeries A$20.7M82%
Frequently asked
How much funding has Open Air Hotels & Resorts Inc. raised?
Open Air Hotels & Resorts Inc. has raised approximately $450K in disclosed capital across 1 recorded financing round, aggregated from public filings.
What is Open Air Hotels & Resorts Inc.'s estimated valuation?
Provath's modeled valuation for Open Air Hotels & Resorts Inc. is approximately $1.4M (modeled range $264K–$5.7M). This is an algorithmic estimate derived from round sizes and same-niche peers — not a quoted or reported figure.
What funding stage is Open Air Hotels & Resorts Inc. at?
Open Air Hotels & Resorts Inc.'s latest modeled financing stage is Pre-Seed. Its most recent recorded round closed around Wed Oct 11.
What does Open Air Hotels & Resorts Inc. do and where is it based?
Open Air Hotels & Resorts Inc. operates in the Lodging and Conventions sector, based in Jersey City.
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