Currently Owned
Active Holdings
Five assets currently owned and operated under Lockwood Development Partners — spanning luxury hospitality, film studio development, institutional medical, AI infrastructure, and affordable housing.
Currently Owned
2025 – Present
Battery Park City · New York, NY
The Wagner
Former Ritz-Carlton · 2 West Street
Purchased free and clear of all encumbrances on August 27, 2025. This 38-story glass tower anchors the southern Manhattan skyline. Converted to Marriott Luxury Collection under HEI Hotels management, with Vera Wang as the creative design visionary — integrating high-fashion aesthetics into rooms, bridal suites, and event spaces. Includes luxury condominiums with views of the Statue of Liberty.
Currently Owned
Currently Owned
2024 – Present
Vernon Township · New Jersey
Great Gorge Film Studio
Former Playboy Club Hotel · Vernon, NJ
Converting the iconic 640,000 GSF former Playboy Club Hotel into a Tier-1 production campus. The eight-story, 600+ room structure provides sound stages, post-production suites, and "living-set" environments. 300-room luxury talent and crew housing retained. Qualifies for NJ Studio Partner designation with 40–45% film tax credits. Sussex County anchor for NJ's mission to become the #3 production hub in North America.
Currently Owned
Currently Owned
2023 – Present
Alpharetta / North Atlanta · Georgia
Great Oaks Medical Center
16800 Great Oaks Way · Formerly RGA Headquarters
Acquired for $16M from the Reinsurance Group of America (RGA). $30M complex debt and equity stack funds the acquisition and medical conversion. Transforming Class A corporate infrastructure into a stabilized institutional medical asset with specialized MEP upgrades for high-acuity healthcare providers and surgical suites. Positioned as a regional medical anchor in one of the fastest-growing Sunbelt submarkets.
Currently Owned
Currently Owned
2024 – Present
Blue Island · Illinois
Metro South AI Data Center
Former Metro South Hospital Campus
Converting the 550,000 GSF former Metro South Hospital into a Tier-III equivalent High-Powered AI Data Center. Leveraging the medical-grade facility's high-capacity electrical substations and robust HVAC for GPU-accelerated AI workloads. One of the largest adaptive reuse data center projects in the Midwest, positioning Lockwood at the intersection of traditional real estate and high-growth digital infrastructure.
Currently Owned
Currently Owned
2017 – Present
Mobile & Daphne · Alabama
Hilton Portfolio — Alabama
4 Properties · Hampton Inn · Hilton Garden Inn · Homewood Suites
$46M acquisition. $32M senior debt via Varde Capital, $14M equity. Served as Hilton Franchisee across four Alabama properties. Closed $29M fixed-rate CMBS loan with Citi Bank in February 2020. Actively managed under Commonwealth Hotels.
Currently Owned
Acquired & Successfully Exited
The $265M National Hotel Portfolio
In June 2021, Charles orchestrated a landmark simultaneous closing of 11 hotels across 8 states — 1,550,000 SF and 3,400+ keys. The portfolio was repositioned under a "Hybrid Asset" model and divested for over $400 Million, delivering exceptional returns to investment partners.
Acquired & Successfully Exited
2021–2024
Crowne Plaza Memphis
Memphis, Tennessee
319 Rooms
Acquired & Successfully Exited
2021–2024
Crowne Plaza Austin
Austin, Texas
293 Rooms
Acquired & Successfully Exited
2021–2024
Clarion Hotel
Orlando Int'l Airport, Florida
335 Rooms
Acquired & Successfully Exited
2021–2024
Crowne Plaza Houston
Houston, Texas
243 Rooms
Acquired & Successfully Exited
2021–2024
Crowne Plaza Dayton
Dayton, Ohio
283 Rooms
Acquired & Successfully Exited
2021–2024
Crowne Plaza Reading
Reading, Pennsylvania
259 Rooms
Acquired & Successfully Exited
2021–2024
Radisson Marietta
Marietta, Georgia
218 Rooms
Acquired & Successfully Exited
2021–2024
Marriott Jackson
Jackson, Mississippi
303 Rooms
Acquired & Successfully Exited
2021–2024
Crowne Plaza Tulsa
Tulsa, Oklahoma
286 Rooms
Acquired & Successfully Exited
2021–2024
Lafayette Plaza
Trenton, New Jersey
Full Service
Acquired & Successfully Exited
2021–2024
Crowne Plaza Dallas
Dallas, Texas
Full Service
Prior Transactions
Selected Past Deals
A selection of major transactions across Chicago, Las Vegas, Alabama, and the Northeast — demonstrating a consistent 35-year track record across every asset class and market cycle.
2005 – 2012 · Chicago, IL
Randolph Tower — 188 W. Randolph St.
47-Story Gothic Revival · Chicago Loop
Secured for $10M via stalking horse bankruptcy bid. Complex financing: $30M TIF + $20M Federal Historic Tax Credits + $44M municipal bonds via Bank of America. Converted to 346 luxury units. Today valued at $300M+ with 90%+ occupancy.
Est. current value: $300M+
2005 – 2007 · Chicago, IL
Chicago CBD Office Portfolio (1M+ SF)
Old Colony · Plymouth · LaSalle Atrium · 330 S. Wells · 1140 N. LaSalle
Controlled 1M+ SF across five buildings in Chicago's Central Business District. Included the Old Colony (Holabird & Roche, 1894), Plymouth Building (1927), and LaSalle Atrium. Portfolio-wide dispositions executed in 2006 at peak cycle — all at significant profit.
All exited at significant profit · 2006
2005 – 2007 · Chicago, IL
The Old Colony Building — 405 S. Dearborn St.
17-Story · Holabird & Roche (1894) · Chicago Loop
Owned and managed this architectural masterpiece of the Chicago School — renowned for its revolutionary "Portal Bracing" system: 70 steel arches allowing the structure to withstand 80 MPH winds. Cited by the Technological Institute of St. Petersburg as the most "completely fire-proofed and best-constructed steel building in America." Leveraged 75,000 SF of glass frontage and a 370-foot lighting area to maintain high occupancy. Modernized internal infrastructure while preserving the iconic Old Colony aesthetic, including stone-carved facsimiles of the Plymouth Colony seal.
High-yield disposition · 2006 · Significant profit realized
2004 – 2006 · Chicago, IL
Rainbo Village — 4836 N. Clark St.
Clark & Lawrence · Chicago
$50M mixed-use flagship: 127 luxury condos/townhouses + 15,000+ SF retail on 2.5 acres. Senior debt via Ohio Savings Bank; $5M mezzanine via ING Realty Partners. Named "Best Mid-Rise Condo" in Chicago by New Homes publication (2004).
$50M project value · Best Mid-Rise Condo 2004
2005 – 2007 · Gold Coast, Chicago
1140 North LaSalle Street
250-Unit Condo Conversion · Gold Coast
$19.7M acquisition. "As-Is" condo conversion of 250 vintage units. Equity partner: Weyerhaeuser Realty Investors ($3.65M). Total exit value approximately $30M — delivered strong risk-adjusted returns by eliminating construction risk.
~$30M exit value
2021 – 2024 · Pawtucket, RI
Pawtucket Memorial Hospital
390,000 SF Campus · Veterans Housing Vision
Acquired from Care New England at $500K after 18-month regulatory review. Master-planned $70M Veterans Housing & Education Center with 200+ apartments. Sold for $11M — a multi-fold return — validating Lockwood's social impact development model.
$500K → $11M exit · Multi-fold return
2000 – 2006 · Multi-State
Lehman Brothers JV — 54 Marathon Stations
IL · WI · IN · MI
Joint venture with Lehman Brothers to acquire 54 Speedway Super America gas stations from U.S. Steel. Re-branded all 54 locations to Marathon. Sold to independent dealers. $50M transaction value.
$50M transaction value
2022 – 2025 · Marion, IN
Five Points Mall (Marion Mall)
350,000+ SF · Veterans College Concept
Acquired underperforming mall and master-planned a first-of-its-kind Veterans College campus with vocational training, on-site housing, and refreshed retail. Municipal approval secured. Sold at profit in 2025 — validating the social impact development model.
Strategic sale at profit · 2025