Hill Path Capital LP
Hill Path Capital LP is a New York-based private investment firm founded in 2014 by Scott Ross. The firm primarily manages discretionary assets and is known for its concentrated, long-term, value-oriented investments in the leisure, lodging, and real estate sectors. Hill Path employs an active and hands-on approach in portfolio company governance and strategic direction. Hill Path Capital is managed by a small, specialized team, and serves institutional and qualified investors.
Investment Strategy
Hill Path Capital employs a value-oriented, long-term investment strategy focused primarily on the leisure, lodging, and real estate sectors. The firm is highly concentrated, seeking significant influence or control positions where it can play an active role in shaping strategy and governance of portfolio companies. Its investment philosophy centers around deep sector expertise, hands-on operational involvement, and a flexible approach to structuring deals across debt and equity in both public and private markets.
Top Holdings
Equity Positions (8)
| Ticker | Security | Weight | Market Value | Shares | Avg Cost | Price | Change (QoQ) |
|---|---|---|---|---|---|---|---|
P PRKS | UNITED PARKS & RESORTS INC | 66.00% | $1.28B | 27,205,306 | $23.58 | $47.15 | +$46.0M |
H HGV | HILTON GRAND VACATIONS INC | 13.91% | $270.4M | 6,509,913 | $38.16 | $41.53 | +$26.8M |
P PLAY | DAVE & BUSTERS ENTMT INC | 11.02% | $214.1M | 7,119,255 | $31.06 | $30.08 | +$89.1M |
P PENN | PENN ENTERTAINMENT INC | 3.22% | $62.6M | 3,502,820 | $17.87 | $17.87 | +$62.6M |
M MODG | TOPGOLF CALLAWAY BRANDS CORP | 1.94% | $37.7M | 4,685,985 | $8.05 | $8.05 | +$37.7M |
Industry Allocation
Investment Team (2)
| Name | Role | Location | |
|---|---|---|---|
 | Vice President | New York, NY , United States | |
 | Partner | New York, NY , United States |