What we do
FPG finds hotel sites in the nation’s most difficult to enter markets and successfully completes the permitting process, identifies the appropriate brand and positioning in order to create a profitable hotel. The company focuses on delivering superior, risk-adjusted investor returns and ownership of premium-branded, select-service, extended-stay and full-service hotels in the top 25 U.S. markets. The senior management team has a “nose for dirt” and fully understands the intricacies of taking a project from vision to reality. The company has the expertise and skills to navigate the permitting process and bring a project to fruition.
The FPG executive team and its principal investors represent more than 150 years of expertise in the development, ownership and management of hotels in the top 25 MSAs, the markets with the highest barriers to new competition.
Richard A. Mielbye - President
Richard A. Mielbye, president, brings nearly a quarter century of success in real estate, lodging, development and construction. In his career he has developed more than 75 real estate projects in the nation’s most difficult markets.
Previously, he was senior vice president-development for Innkeepers USA Trust, one of the nation’s leading hotel real estate investment trusts (REIT). During his three-year tenure, he sourced development opportunities in such high barrier markets as Valencia, California; El Segundo, California; Richmond, Virginia; Rockland/Boston, Massachusetts; and Montvale, Atlantic City and West Orange in New Jersey.