First Hospitality

About First Hospitality

First Hospitality is a real estate operator. First Hospitality operates in Ann Arbor, Michigan, Bloomington, Indiana and Chicago, Illinois. Its investment focus is on Hospitality.

First Hospitality is a Chicago‑based hotel operating, development, and investment management company, founded in 1984, marking over 40 years in operation as of 2025. Its founding Chair, Stephen Schwartz, has developed and financed more than US $1 billion in hotel real estate, and the firm’s portfolio includes 50+ hotels nationwide with revenues exceeding US $250 million. The company’s real estate affiliate, First Investors, has a 35+‑year track record in opportunistic investments across premium select‑ and full‑service hospitality assets across the United States. Through this affiliation, First Hospitality has invested in nearly 100 hotels and delivered internal rates of return (IRRs) exceeding 22% on fully realized investments.

Principals at First Hospitality

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