Charles Everhardt
Charles Everhardt
Developer · Investor · Operator
Founder — Lockwood Development Partners

Developer.
Dealmaker.
Visionary.

35 years. $11 billion in project pursuits. From Chicago's most iconic skyscrapers to sovereign-level negotiations for the Waldorf Astoria NYC — Charles Everhardt operates at a scale few developers reach.

View Portfolio About Charles
$11B+
In Project Pursuits
$5.4B
Natixis Debt Commitment
3,400+
Hotel Keys (One Portfolio)
35+
Years Experience

Current Portfolio

Five active assets — currently owned and under development
Full Portfolio →
Currently Owned
2025 – Present
The Wagner (Former Ritz-Carlton)
2 West Street · Battery Park City, NYC
Marriott Luxury Collection · Vera Wang Partnership · HEI Hotels Management · 38-Story Tower
Currently Owned
2024 – Present
Great Gorge Film Studio
Former Playboy Hotel · Vernon, NJ
640,000 GSF · Tier-1 Film Studio · NJ 40–45% Tax Credits · 300-Room Hotel + Sound Stages
Currently Owned
2023 – Present
Great Oaks Medical Center
16800 Great Oaks Way · Alpharetta, GA
$16M Acquisition from RGA · $30M Stack · Class A → Institutional Medical Asset
Currently Owned
2024 – Present
Metro South AI Data Center
Former Metro South Hospital · Blue Island, IL
550,000 GSF · Tier-III AI Data Center · GPU-Accelerated Workloads · Midwest's Largest Adaptive Reuse
Currently Owned
2024 – Present
New Castle Hospital
St. Francis Hospital · New Castle, PA
$40M Development · Affordable Housing Conversion · Historic Medical Campus
— Previously Owned & Sold — The $225M National Hotel Portfolio (2021–2024)
Owned & Sold
Crowne Plaza Memphis
Memphis, TN
319 Rooms
Owned & Sold
Crowne Plaza Austin
Austin, TX
293 Rooms
Owned & Sold
Clarion Hotel
Orlando Int'l Airport, FL
335 Rooms
Owned & Sold
Crowne Plaza Houston
Houston, TX
243 Rooms
Owned & Sold
Crowne Plaza Dayton
Dayton, OH
283 Rooms
Owned & Sold
Crowne Plaza Reading
Reading, PA
259 Rooms
Owned & Sold
Garden Plaza Marietta
Marietta, GA
218 Rooms
Owned & Sold
Former Marriott Jackson
Jackson, MS
303 Rooms
Owned & Sold
Crowne Plaza Tulsa
Tulsa, OK
286 Rooms
Owned & Sold
Lafayette Plaza
Trenton, NJ
Full Service
Owned & Sold
Crowne Plaza Atlanta
Atlanta, GA
Full Service

In June 2021, Charles orchestrated a landmark simultaneous closing of 11 hotels across 8 states — $225M acquisition basis, 3,400+ keys, 1.55M square feet. The portfolio was repositioned and divested for over $400 Million, delivering exceptional returns to investment partners.

Track Record

By the Numbers

$11B+
In project pursuits, including Waldorf Astoria NYC & Anbang Strategic Hotels Portfolio
$5.4B
Senior debt commitment secured from Natixis Bank for Strategic Hotels acquisition bid
$400M+
Total portfolio sales from the repositioned 11-hotel national portfolio (2021–2024)
1M+
Square feet controlled in Chicago's Central Business District alone at peak
$300M
Current estimated valuation of Randolph Tower — secured via stalking horse bid at $10M
3,400+
Hotel keys in a single simultaneous closing across 8 states in June 2021
35+
Years across real estate development, entertainment, gaming, and institutional finance
10+
Active U.S. states with current or recent development and asset management activity
Philosophy

Not Just an Investor.
An Operator.

"The edge comes from understanding what an asset can become — and having the operator's conviction to execute."

From a career that started in entertainment — promoting Frank Sinatra, Muhammad Ali, and the Beach Boys — Charles Everhardt brought that same instinct for recognizing transformative opportunity into real estate. The ability to see what others overlook, and to build the relationships that make the impossible possible.

Today, Lockwood Development Partners operates across hospitality, adaptive reuse, digital infrastructure, and entertainment-anchored development — with a portfolio and track record that spans every major market cycle.

01
Source Off-Market
Deep relationships with owners, sovereign entities, and institutional counterparties that unlock deals before they reach the market.
02
Structure Creatively
Complex capital stacks combining senior debt, mezzanine, tax credits, EB-5, CMBS, C-PACE, and public incentive programs.
03
Operate Actively
Hands-on asset management that drives NOI growth, leasing velocity, and brand alignment — not passive oversight.
04
Integrate Brands
A unique ability to bring world-class brands — Marriott, Vera Wang, Universal Music, and MTV — currently leading the strategic rollout of hotel concepts for these world-renowned brands.
Institutional Relationships & Brand Partnerships
Marriott International
Ritz-Carlton
HEI Hotels & Resorts
Universal Music Group
MTV Hotels (In Development)
Vera Wang
Hilton
Natixis Bank
Stifel
Jefferies Securities
Berkadia
Varde Capital
Lockwood Development Partners
Veteran Services USA