Qila Capital LLC is a private equity firm based in San Antonio, Texas, with over $200 million in Assets Under Management and over $250 million in transaction volume. The firm invests in two sectors: hospitality and healthcare, with a strong focus on South Texas markets including San Antonio, Austin, Laredo, McAllen, and Brownsville. The current investor offering, the Hotel Cashflow Fund, focuses exclusively on a portfolio of branded hotels under Marriott and IHG flags.
The Hotel Cashflow Fund is a $20 million fixed-raise from Qila Capital, backed by three operational, cash-flow positive hotels in South Texas. The portfolio has a combined value of $56 million, total equity of $39 million, and combined annual NOI (Net Operating Income) of $7.2 million.The three hotels: Aloft San Antonio Airport by Marriott ($14M), Aloft San Antonio at UTSA by Marriott ($17M), and Staybridge Suites Laredo Airport by IHG ($25M).
Our philosophy is "Earn More, Live Better." Investors receive strong cash flow from real, operating assets while also gaining access to exclusive Marriott hotel discounts at over 10,000 properties worldwide. Our strategy is "cash-flow first," which means we only acquire hotels that already generate income on day one. We avoid risky ground-up development, charge no fees, and our investors get paid before we do.
Qila Capital is led by three principals with over 50 years of combined experience.
- Kuldeep Gyani, CEO: Two decades in real estate and value-add projects. His family office has executed over $250 million in projects across hospitality, healthcare, and multifamily.
- Dr. Parin Shah, MD, CMO: Board-certified Emergency Medicine physician with over 20 years of clinical and leadership experience. Currently serves as Medical Director at Laredo ER.
- Raza Khan, CIO: Over a decade in banking, real estate, and fund administration. Previously served as EVP at a healthcare asset management company.
Beyond hospitality, Qila Capital operates a healthcare portfolio that includes:
- Laredo Emergency Room in Laredo, TX
- McAllen Emergency Room in McAllen, TX
- Ground-up Micro Hospital under development in Brownsville, TX
- Optimal Wellness & Recovery in Laredo, with locations coming to San Antonio, Austin, and San Diego
- Redeemer Hospice serving South Texas
- Border Medical Equipment in Laredo
The fund offers a projected IRR between 13% and 17%, depending on which share class you invest in. Class A1 ($50K to $499K) projects a 13% IRR. Class A2 ($500K and above) projects a 17% IRR. Both classes pay quarterly distributions plus an annual performance bonus, with the full principal returned at exit.
Returns are paid in two ways. The fixed distribution is paid every quarter throughout the term. The annual uplift bonus is paid once a year at year-end based on portfolio performance. Class A1 investors receive 8% fixed plus up to 5% bonus. Class A2 investors receive 10% fixed plus up to 7% bonus. Your original investment is returned in full when the fund exits.
The fixed distribution is contractually committed in your investment documents and paid every quarter. The annual uplift bonus is performance-based and tied to how the portfolio performs that year. We project and target the full bonus, but it is not guaranteed. Past performance does not guarantee future results. The full terms are detailed in the Private Placement Memorandum.
The investment term is 5 years with a 3-year exit projected. At exit, the fund's properties will be sold or refinanced, and investors receive their full principal back along with any final distributions. Quarterly distributions continue throughout the entire holding period.
The IRR comes from three sources. First, we acquire distressed branded hotels at discounts of 60 to 70 cents on the dollar of replacement cost. Second, we improve operations, occupancy, and revenue at each property. Third, we exit through a sale or refinance once the property is fully stabilized. The combination of buying below replacement cost and operating efficiently drives consistent returns for investors.
Both share classes invest in the same fund and the same three hotels, but offer different terms based on commitment size:
- Class A1 ($50K-$499K): 8% fixed quarterly distribution, up to 5% annual bonus, projected 13% IRR. Open to accredited investors.
- Class A2 ($500K+): 10% fixed quarterly distribution, up to 7% annual bonus, projected 17% IRR. Open to accredited investors and capital allocators.
Your capital is invested into the fund entity, which then allocates it to a lower-tier entity that holds the actual hotel assets. This two-tier structure provides a corporate veil and liability protection. All offerings are structured under Regulation D, Rule 506(c), which makes them fully SEC-compliant and exclusively available to accredited investors.
Cash-flow first means we only acquire hotels that already generate income the day we close. We do not invest in ground-up development. We do not invest in construction projects. We do not invest in concepts that require years before producing revenue. Every property in the fund is operational, branded, and generating measurable cash flow when investors come in. This eliminates development risk and allows us to pay quarterly distributions from day one.
South Texas is one of the fastest-growing regions in the United States. Texas has the 8th largest GDP in the world if measured as a country, and San Antonio is the 7th largest city in the U.S. The region is anchored by major military installations, international airports, healthcare hubs, and active cross-border trade. Most institutional capital chases Houston, Dallas, and Austin, which gives Qila Capital better acquisition pricing and less competition in the South Texas markets we know best.
Yes, every property in the fund is branded. The current portfolio includes:
- Marriott: Aloft San Antonio Airport, Aloft San Antonio at UTSA, Courtyard San Antonio
- IHG: Staybridge Suites Laredo Airport
- Hyatt: Extended Stay Laredo (in conversion to Hyatt Studios)
Qila Capital's hotel portfolio achieved maximum occupancy during the pandemic. While leisure travel collapsed across the industry, our properties remained fully booked because they sit next to demand sources that do not stop in a downturn: military bases, airports, hospitals, and university campuses. Guests included traveling nurses, National Guard personnel, and essential workers. This is the result of our location strategy, not luck.
Three layers of protection: First, the fund holds three separate hotels, not one, so the portfolio is not dependent on any single asset. Second, the legal structure is governed by an SEC-compliant Private Placement Memorandum (PPM) that defines the order of payment in any wind-down: lenders are paid first, then investors receive their capital and accrued returns, and only then do general partners receive anything. Third, the fund acquires only operational, cash-flowing assets, which eliminates development risk.
Hotels in our portfolio are positioned to be recession-resilient because their guest base is non-discretionary. Military personnel, airport travelers, hospital staff, and contract workers continue to book rooms regardless of the economic cycle. Combined with low-leverage acquisitions and active operational oversight, this positions the fund to perform through varying market conditions, though no investment is fully immune to extreme events.
The minimum investment is $50,000 for Class A1. The next tier begins at $100,000, which unlocks exclusive Marriott hotel discounts. Class A2 begins at $500,000 and offers higher distributions, a higher IRR, and is also open to capital allocators.
All investors who commit $100,000 or more receive access to exclusive Marriott hotel discounts, available at over 10,000 Marriott Bonvoy properties worldwide.Real discount examples from the OM:
• Ritz-Carlton Laguna Niguel: $1,172 → $281 per night
• W New York Times Square: $453 → $257 per night
• London Marriott County Hall: £542 → £133 per nightThe discount applies across luxury brands (Ritz-Carlton, St. Regis, W, JW Marriott, Edition), premium brands (Westin, Sheraton, Le Méridien), and select brands (Aloft, Courtyard, Four Points).
• Ritz-Carlton Laguna Niguel: $1,172 → $281 per night
• W New York Times Square: $453 → $257 per night
• London Marriott County Hall: £542 → £133 per nightThe discount applies across luxury brands (Ritz-Carlton, St. Regis, W, JW Marriott, Edition), premium brands (Westin, Sheraton, Le Méridien), and select brands (Aloft, Courtyard, Four Points).
No, you do not need to be an existing Bonvoy member. The discount comes from your relationship with Qila Capital as an investor, not your loyalty status. Once you invest $100,000 or more, we provide you with the booking instructions and an eligibility letter to present at check-in.
Yes. You can invest through cash, a self-directed IRA, a 401(k), an LLC, or a trust. Many investors use tax-advantaged retirement accounts for this type of alternative investment. If you plan to use a retirement account, confirm the self-directed setup with your IRA custodian before funding.
The Hotel Cashflow Fund is a $20 million fixed-raise. There is no artificial deadline, but the fund closes once the cap is reached. You can invest at your own pace, but allocations are accepted on a first-come basis until the raise is complete.
Yes. Qila Capital's offerings are exclusively available to accredited investors under SEC Regulation 506(c). To qualify as accredited, you must meet at least one of the following:
- Net worth above $1 million, excluding primary residence (individually or with spouse/partner), OR
- Annual income above $200,000 individually (or $300,000 jointly with a spouse) for the past two years, with reasonable expectation of the same in the current year
Investors receive a Schedule K-1 each year reporting their share of fund income, deductions, and credits. The specific tax treatment depends on your share class and personal situation. We recommend reviewing the K-1 structure with your CPA before investing. Qila Capital can share the K-1 format in advance so your advisor knows exactly what to expect.
No. Qila Capital charges zero fees of any kind on the Hotel Cashflow Fund. There are no acquisition fees, management fees, administration fees, accounting fees, or exit fees. The OM states this clearly: "no fees or fund manager double dipping. Our investors earn before we do." Qila Capital makes its money from operating profitable hotels, not from charging investors.
Yes, and we encourage it. Qila Capital provides every prospective investor with the complete Private Placement Memorandum (PPM), pitch deck, and property-level financials. You can share these with your attorney, CPA, or financial advisor at any stage. Our team is also happy to answer questions directly or join a call with your advisors.
Investing with Qila Capital follows a simple six-step process:
- Step 1: Review the offering materials including the Offering Memorandum and Private Placement Memorandum
- Step 2: Schedule a consultation with our investor relations team
- Step 3: Register through our self-directed investor portal at qilacapital.com
- Step 4: Verify your accreditation status
- Step 5: Sign your investment documents
- Step 6: Fund your investment by wire transfer
Email invest@qilacapital.com or rkhan@qilacapital.com to request the Offering Memorandum. You can also call 689-234-1411 or visit qilacapital.com. The OM contains full details on the three hotels, financial projections, share class terms, fund structure, and risk disclosures.