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A strategically sound history in every detail. The Redstone Companies, L.P. and select affiliates comprise a Houston-based diversified company that specializes in private equity, hospitality and real estate. Redstone was formed in the late 1980s, to capitalize on the struggling economy’s effects on properties that otherwise showed growth potential in their long-term value. From the outset, the company demonstrated remarkable strengths in identifying, acquiring, recapitalizing and refurbishing underperforming assets. Redstone then installed management teams to turn the businesses around with great success. Among the most prominent examples is the company’s ownership and operation of The Houstonian Hotel, Club & Spa. Redstone’s early investment activities also included acquiring and managing regional commercial banks. After several successful operations in that sector, Green Bank is now the only bank in which Redstone and its partners maintain significant ownership positions. By the mid-1990s, ever vigilant to lead market trends in an improving economy, Redstone maintained its opportunistic style of private equity investing by focusing on select, high quality transactions unearthed through its superior deal flow network. Investments were sourced through Redstone’s proprietary relationships with the commercial banks, as well as members of the various Redstone-owned-and-operated businesses. Because of Redstone’s expertise in complementary areas such as hospitality and real estate, the company became involved in golf course development and management in the late 1990s. The courses were developed on distressed properties acquired in the 1980s. Redstone’s golf portfolio includes Shadow Hawk Golf Club, Redstone Golf Club (home of the Shell Houston Open), The Houstonian Golf & Country Club and BlackHorse Golf Club. Redstone also manages Vanderbilt Legends Club in Tennessee. Redstone Companies Hospitality also includes The Houstonian Hotel, Club & Spa and Houstonian Lite. A firm foundation for real estate investments. Strategic locations and first-class development are the hallmarks of Redstone Real Estate's investment strategy. Projects are financed and developed both directly and in conjunction with its hospitality and other core investment structures. To further solidify its presence in the marketplace, Redstone moved into its 150,000 square-foot office building on the campus of the The Houstonian Hotel, Club & Spa in 1999. The Redstone Building houses The Redstone Companies as well a select group of third party tenants. |
