LOS ANGELES—Sonnenblick Development LLC has invested US$100 million during the past two years to acquire seven tracts of land on which to build luxury resorts in the United States.

The US$100 million represents all the capital raised by Sonnenblick  as part of an equity fund put together “when everyone else was running away from the hotel development business,” Bob Sonnenblick, the company’s principal, said during a recent telephone interview.

The seven full-service projects are in various stages of development, Sonnenblick said. He declined to provide details about the resorts, such as location, until the properties have broken ground. He did say the resorts would be in waterfront locations with golf courses. The land was acquired in 2010 and 2011, he said in a follow-up email.

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