FOR IMMEDIATE RELEASE — May 28, 2026
Boutique hotel operator launches convertible note offering to capitalize its AI-powered acquisition and asset management platform — targeting a $37M aggregate portfolio and a 15.5% LP IRR across a five-year hold.
ORLANDO, FL — PivotPt Capital, the fund and general partner behind the Beco Collective hotel acquisition platform, today announced the opening of a $500,000 seed-round convertible note offering for Beco Collective LLC, its vertically integrated boutique hotel operating company. The raise is structured to fund the build-out of a proprietary AI-assisted acquisition, underwriting, and asset management platform currently powering PivotPt Capital’s Fund I pipeline.
“The independent boutique hotel sector is systematically underwritten and even more systematically mismanaged. Every deal we look at tells the same story — operational underperformance masked by a broker pro forma. We built the intelligence layer to find the signal underneath. This seed round capitalizes the operating company that runs the hotels and runs the platform.” — Phil Bernardo, Managing Partner, PivotPt Capital · Beco Collective
Beco Collective operates under a Convert-to-Beco strategy: acquiring underperforming independent hotels where occupancy and revenue shortfalls trace to operational mismanagement rather than structural market weakness. The company self-manages acquired assets, eliminating the third-party management fee drag — typically 42% of gross operating profit at sub-scale key counts — and closing the accountability gap between gross operating profit and net operating income.
Fund I targets a portfolio of boutique hotel acquisitions at an aggregate cost of $37 million against a $25 million LP equity raise. The fund structure offers an 8% cumulative LP preferred return, 20% carried interest, and a five-year hold, with a target LP IRR of 15.5% and a 1.83× MOIC.
The Beco Collective Intelligence Platform replaces manual deal review with an AI-assisted pipeline: broker offering memoranda enter the system, and structured underwriting models, market intelligence scores, and risk flags come out. LP outreach goes out automatically — with human approval required at every distribution step. Core capabilities include AI-powered document extraction, a 16-module underwriting engine, automated LP outreach with approval gating, post-close asset management, and a market intelligence database of 1M+ STR research records.
The convertible note carries an 8% simple annual interest rate, a 20% conversion discount, a $4 million pre-money valuation cap, and a 24-month maturity. Conversion is triggered by a qualifying equity raise or acquisition close.
For investor materials: pivotptcapital.com