After helping his company launch a venture capital fund in 2015 and recognizing a trend in social group travel, TMC Hospitality CEO and Founder Philip Bates launched two boutique brands to cater to that segment.

TMC Group is TMC Hospitality's parent company and was started in 1985 as a real estate developer. The company developed any real estate type at that time.

"Whatever really made the most sense for them," Bates said.

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