This led to the creation of the Hotel Equity Fund, L.P. which today has nearly $500 million in invested equity capital and asset values in excess of $1.5 billion.

In October 1997, Maritz, Wolff acquired a 50 percent ownership in the five-star Mansion on Turtle Creek in Dallas and a 50 percent ownership in Rosewood Hotels and Resorts, LLC. Rosewood Hotels and Resorts is among the world’s premier luxury hotel management companies. Rosewood’s portfolio of luxury hotels and resorts includes award winning hotels; among them: The Carlyle, New York; The Mansion on Turtle Creek, Dallas; Las Ventanas, Los Cabos, Mexico;