Chelsea Island, London
Marriott Residence Inn, Montreal
NHOW Hotel, Berlin
JW Marriott, Cannes
Gare Viger, Montreal
AC Marriott, Antibes
Best Western, North Bay Village
Clevelander Hotel, South Beach
Essex House, South Beach
The Stiles Hotel, South Beach
We leverage our intellectual capital and deep international relations to target, acquire and manage property transactions of significant scale. Our diversified asset base and proven track record make us superbly qualified to manage risk and deliver market leading results.
Since 1992, we have diversified beyond real estate investments having successfully bought, built and sold significant interests in the information technology, aerospace, nautical manufacturing and fashion industries.
Elliott Aintabi, CPA, CA
Chairman of the Board & CEO, Jesta Group
Eric Aintabi, CPA, CA
Vice-President, Jesta Group
Judah Bendayan, CPA, CA , MBA
CFO, Jesta Group
Vice-President, Development, Jesta Group
Steven Myszka, CPA, CAVice-President,
Finance, Jesta Group
Bing Li, CPA, CA
Vice-President, Tax Compliance, Jesta Group
The Jesta Group emerged on the real estate scene when we acquired our first property in Texas, in 1993. Since then, Montreal, Quebec, Canada has remained our headquarters as we have grown and diversified in various real estate sectors across the world.
Jesta first focused on residential, office and industrial assets, before branching out to compelling projects in other verticals requiring significantly more operational oversight such as hospitality and commercial. In just a few years, we tripled our hospitality holding with over 1,200 hotel keys under ownership in Montreal and Toronto. In 2012, we acquired Gare Viger in Montreal, a landmark hotel and railway station built in 1898 located on 6 acres of land.
Since then, we have successfully converted the historic buildings a prestigious office space for our tenant, Lightspeed; and have begun construction of a one million square foot mixed use project that comprises hotel, residential, retail and office components. Jesta has since acquired several million square feet of development lands throughout the region to ensure a strong pipeline of projects for our growing development company.
Jesta has also been instrumental in developing some of the country’s most celebrated buildings. In 2000, our complex at Faubourg Saint-Martin was awarded the First Prize for Architecture at MIPIM, an international property event hosted in Cannes each March. Since then, this award-winning building has attracted such prestigious tenants as advertising agency, BETC Euro RSCG.
We continued to diversify our portfolio in France with acquisitions in the leisure and tourism industry. In 2001, we purchased the Centre Parcs resorts in Normandy and Sologne and two condo hotels in Courchevel. Soon after, we purchased the Palais Stephanie in Cannes, one of only four palaces on the renowned Croisette, and lovingly restored it to its former glory as a luxury hotel, casino and conference space branded under the JW Marriott banner.
Jesta is currently developing a prestigious condominium project named Chelsea Island Appartments, in Chelsea.
The Jesta Group’s first foray into the USA began when our Founder and President, Elliott Aintabi, acquired several million square feet of commercial and retail space in Houston, Texas in the early 80s. Since then, we have pursued assets and built a portfolio of commercial, retail and residential spaces, including the Federal East Plaza, the Gessner, the Baybrook, and the Easton Commons Plaza. Propelled by these achievements, we moved into retail property management investments, acquiring the Southway, the Stafford and the Rummel Creek shopping centres.
In the last few years, we have continued to acquire shopping centres across Texas, including the Plaza Del Sol, the Village West Oaks, the Sherman and the Waco Shopping Center. Over the years, our partnerships with retailers and big-box tenants have earned us a solid reputation as a top tier savvy landlord.
Besides our major acquisitions in Texas, we have made significant investments across the United States, adding several commercial, residential and hospitality properties to our portfolio in Florida with a focus on Miami Beach.