Michael Bisordi founded Tungsten Partners 13 years as a private holdings company based in New York and which now has ownership in roughly 30 companies ranging from consumer products, fashion, art, real estate and hospitality, including The Ace Hotel brand/operating company.
Prior to this and after graduation from Cornell University, Arts & Sciences, Michael spent roughly six years split between The Global Real Estate Finance Group at Lehman Brothers and following that, on the Global Acquisitions team at Starwood Capital Group, with a focus on Europe.
Tungsten Partners is the longest standing owner in the Ace Hotels. Tungsten Partners was the most relevant partner in selecting cities and properties for respective locations of Ace Hotels globally as well as many of the brand's most well known creative partnerships, until the death of Ace's founder and majority owner Alex Calderwood, after which the Ace Hotels has taken a decidedly different path which Tungsten has chosen to not participate in.
Following a lawsuit against the current board members of Ace by the majority ownership in the company, Tungsten Partners won its lawsuit in summary judgement in New York State Supreme court to reaffirm the full privileges of its equity in the Ace. Tungsten now owns equity stakes in multiple different hospitality brands and hotel properties including, but also separate from Ace. Tungsten is currently increasing its activity in global "place-making" and cultural engineering, bringing to bear its decade of experience with Ace and Tungsten's various active partnerships in other creative brands. Tungsten's role of hotel "producer", which can exist independent of any brand, is based on creating an impactful, localized, customized narrative for select properties globally, under a new strategy Tungsten describes as "meta-branding."
See Michael Bisordi speak in the following sessions: