Palm Beach, Florida â September 10th, 2026 â The Palm Beach Hedge Fund Association (PBHFA.org) is pleased to announce a strategic collaboration with the Anchoraa Fund.
The Anchoraa Fund, a joint venture between Voyage Capital and HotelSHIFT, acquires extended-stay and distressed hotels in high-traffic locations within growing metros and converts them into multifamily housing at a fraction of the cost of ground-up development.
David S. Goodboy, Founder of PBHFA.org, remarked, “We are continually in pursuit of distinctive, compelling investment opportunities for our circle of ultra-high-net-worth investors and firms. By bringing a singular perspective, disciplined tactics, and seasoned expertise to the traditional real estate landscape, Voyage Capital and HotelSHIFT not only align perfectly with this mandate, but also create a compelling avenue for refined capital deployment, differentiated value creation, and enduring long-term merit. I greatly look forward to presenting the opportunity to our membership.”
Jai Desai, Principal at Voyage Capital, added, “I have spent my career in hotels â building them for third parties, acquiring them, repositioning them, and operating them through every part of the cycle. That experience is what Voyage brings to Anchoraa. With more than 110 hotels acquired, built, or developed, we know how to find well-located assets at the right basis and run them at a level most owners cannot match. Our stabilized hotels deliver current income and downside protection to investors from day one, and our acquisition pipeline gives our partners at HotelSHIFT a steady supply of well-underwritten assets to convert when the timing is right. We are pleased to bring that operating discipline to PBHFA’s membership â a partnership built on a track record, not a thesis.”
Dr. Alexander C. Cartwright, Principal at HotelSHIFT, said, “HotelSHIFT’s hotel-to-multifamily conversion projects offer our investors a high-alpha avenue to deploy capital, maximizing returns while limiting downside. In the process, we add tremendous societal value by delivering hundreds of units per year into the heavily undersupplied U.S. housing market. Combining hotel conversions in a fund with strongly cash-flowing hotel properties managed by our friends at Voyage Capital adds significant benefits in the form of immediate cash flow, downside protection and a pipeline of future hotel properties that will be converted when the time is right, maximizing return on capital.”
About the Anchoraa Fund
The Anchoraa Fund is a joint venture between Voyage Capital, a seasoned hotel development company with best-in-class hotel operations, and HotelSHIFT, a fully vertically integrated real estate development company specializing in hotel-to-multifamily conversions in growing metros across the United States. With 110 hotels acquired, built for third parties, or developed, Voyage Capital is one of the leading hotel development and operations platforms in the country. With close to 1,000 units in hotel conversions, HotelSHIFT is growing the highly profitable hotel-to-multifamily conversion market into one of the most exciting areas in real estate. Together, the firms’ large and diversified investor base of high-net-worth and ultra-high-net-worth individuals, family offices, and institutional investors has entrusted the team with capital for deployment for nearly 18 years.
About The Palm Beach Hedge Fund Association
The Palm Beach Hedge Fund Association is a South Florida-based trade organization of international distinction, with a membership that extends well beyond its regional base. While many members are domiciled in Florida, they also hail from Eastern Europe, Ireland, England, Germany, South America, the Caribbean, Africa, and throughout the United States.
PBHFA’s membership comprises active hedge fund managers and professionals, ultra-high-net-worth investors, family offices, financial traders, investment bankers, academics, financial institutions, funds of funds, foundations, allocators, and esteemed service providers, including third-party marketers, data providers, prime brokers, administrators, auditors, lawyers, risk managers, and fintech firms.
In addition, PBHFA hosts capital-raising investor presentations for qualified companies, money managers, and funds, providing a discreet and highly selective forum for meaningful introductions and capital formation.
Since its founding in the autumn of 2013 with an original core of five members, the association has grown to more than 1,600 members and has emerged as a leading voice and trusted resource within the South Florida financial community.
Media Contact
David Goodboy
Founder, The Palm Beach Hedge Fund Association
info@pbhfa.org
(561) 349-7300
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