US-based Eagle Point Hotel Partners is working with private equity investment company Geolo Capital to develop hotel-related assets in North America.

The new company, established by Stephen Chan and Erik Warner, will target midscale, full-service and boutique hotels in primary and secondary markets.

The firm received financial backing from San Francisco-based Geolo Capital, the private equity investment arm of the John A Pritzker family, and Joie de Vivre Hospitality.

Eagle Point will build a portfolio of hotel properties for its own account, as well as undertake projects funded by Geolo Capital.

Eagle Point will also leverage Geolo Capital’s partnership with San Francisco-based Joie de Vivre in using its management services.