About Our Ethos Sector Focus Advisory Board Engage

Cultivating growth

Long before Christopher Columbus, Zheng He had already travelled through the south and westward maritime routes in the Indian Ocean and established lucrative trade relationships with more than 30 countries in Asia, Africa and the Middle East.

Six centuries later, we are still aligned with our ancestors.


We have an intrinsic understanding of business and conduct it through good old-fashioned chivalry'

We are a selective boutique proprietary investment firm. We work only with established family offices from Arabia to the Far East and across the Belt and Road regions. We co invest our own capital as LP's and seek strategic alliances.

We like to be long-term partners. We are patient and able to work through economic cycles and changes to create value for us and our partners.

To preserve our relationships and continue to deliver superior results, we strive to pay attention at every level, remaining understated and averse to publicity.

Lionel Leo
Sagheer Mohammed
Lionel Leo & Sagheer Mohammed

Our Ethos

Our ethos is driven by our business principles. They are evident in everything we do. It is what underpins our approach and success.

The interests of our clients are of paramount importance. To understand our client, we must become our client.

We will act with openness, integrity, and diligence. We will always adhere to the spirit of the laws that govern us. Our continued success depends upon uncompromised adherence to this standard.

Our quality and drive must never be compromised. We will put the resources of our firm behind all our people to help realise our client's goals.

When hiring we understand that one size does not fit all. One by one we select the most exceptional and spirited individuals. We believe this is instrumental to our success.

We challenge ourselves in delivering superior returns. We will measure, recognise, and share our rewards in success.

We must continue to evolve. We know that complacency will lead to failure.

Sector Focus

We invest and build sustainable companies with a long-term focus in 3 core industries. Since we know a lot about the industries in which we invest, this helps to streamline our investment process, enabling us to seek to close investments efficiently and start value creation.


Acquisitions of Hotels & Resorts
F&B Acquisitions
Franchising with proven concepts
Clubs and lounges

Real Estate

Commercial Real Estate
Liquidity Solutions
Student Accommodation

Banking and Finance

Asset Management
Private Equity
Corporate Finance

Advisory Board

Grace Leo

Grace Leo is an award-winning and internationally recognized hotelier specialized in the development of luxury hotels and resorts for institutional investors and high net worth individuals. She has been Instrumental in repositioning a number of hotel brands, both restructuring the business and converting losses to profits.

View Hotels & Awards

October 2020 - Grace has recently purchased the emblematic Red Lion Hotel in the pictorial rowing capital of the world - Henley-on-Thames. The 350 year old landmark is under extensive renovation to be upgraded to a stylish upscale property with 43 bedrooms.

2018 – present: Board Director, Compagnie Lebon, Paris Appointed as Non-Exec Director for a listed French company with 4 segments of businesses notably a Hospitality Division known as Esprit de France that owns and operates a portfolio of 14 small to medium size hotels mostly in Paris.

2016 – 2018: CEO Ledunfly Hospitality Limited. London/Nyon, Switzerland) Setting up and running a Hospitality Division for Swiss family office of Dona Bertarelli, Swiss businesswoman and philanthropist

2014 - 2016: Vice President Reignwood Investments U.K. Limited. London Vice President responsible for the planning and execution of Ten Trinity Square, a £400 million conversion of a 415,000 square-foot heritage building into a 100room luxury Four Seasons Hotel, private membership club, and 41 super prime residences.

2012 - Present: Grace Leo Consultancy. London, New York, Hong Kong Grace Leo Consultancy (GLC), focuses on unique vision and ability to help real estate investors and large-scale (multiple-unit) hotel operating companies to develop conceptual and commercial strategies for existing assets or new developments.

2006 - 2016: Board Director and Member of the Executive Committee,Leading Hotels of the World Served as the first female Director on the Executive Committee out of 6 external members for 3 consecutive mandates of 3-year terms.

1989 - 2012: GLA Hotels. Paris Founder and CEO of pioneering hotel company specialized in the development and marketing of niche market luxury and lifestyle hotels that set the trend for the "boutique hotel" movement in Europe, Caribbean, and later in Asia and South America. Projects included 24 luxury hotel and resorts internationally recognized for their distinctive sense of style and finesse including Paris, Dublin, Côte d'Azur, St. Barts, Mustique and Bali.

1981 – 1986: Warwick International Hotels. Paris Vice President, Development and Operations, responsible for the expansion from 2 to 14 hotels in 5 years in Europe and North America.

1977 - 1981: Intercontinental Hotels. San Francisco | Sheraton Centre Hotel, New York


  • 2003 - Best Hotelier Award, Harper's Bazaar Magazine
  • 2003 - Outstanding Achievement Award, the European Hotel Design Awards
  • 2002 - Honoree, The Leading Women Entrepreneurs of the World


  • 1987 - Hotel Guanahani, Saint Barth – FRANCE (Leading Hotels of the World)
  • 1989 - Hotel Montalembert, Paris - FRANCE (Preferred Hotels)
  • 1991 - Hotel Château de Noirieux - FRANCE (Relais & Châteaux)
  • 1992 - Hotel The Clarence, Dublin – IRELAND (Leading Hotels of the World)
  • 1992 - Hotel Le Toiny, Saint Barth - FRANCE (Relais & Châteaux)
  • 1996 - Hotel Lancaster, Paris - FRANCE (Leading Hotels of the World)
  • 1998 - Hotel Cotton House, Mustique – GRENADINES (Leading Hotels of the World)
  • 2000 - Hotel Royal Riviera, Saint.Jean.Cap.Ferrat - FRANCE (Leading Hotels of the World)
  • 2000 - Hotel Bel-Ami, Paris - FRANCE (Design Hotels)
  • 2003 - Hotel Cadogan, London – ENGLAND (Leading Hotels of the World)
  • 2004 - Hotel Bairro Alto, Lisbonne – PORTUGAL (Leading Hotels of the World)
  • 2008 - Hotel Jules, Paris – FRANCE
  • 2009 - Hotel Beauchamps, Paris – FRANCE
  • 2009 - Villa Nyaman, Seminyak Bali, INDONESIA
  • 2010 - Hotel Vidago Palace, Douro Valley – PORTUGAL (Leading Hotels of the World)
  • 2012 - Hotel One UN, New York, USA
  • 2012 - Hotel Selman, Marrakech, MOROCCO
  • 2013 - Hotel Cayena, Caracas, VENEZUELA (Leading Hotels of the World)
  • 2014 - Hotel Hermitage, Jakarta, INDONESIA (Leading Hotels of the World)
  • 2016 - Ten Trinity Square, London, U.K. (Four Seasons Hotels 2016 - Ten Trinity Square, London, U.K. (Four Seasons Hotels)

Data Privacy Notice

One Road Capital Limited is responsible for ensuring that it uses your personal data in compliance with data protection law. The purpose of this notice (the “Privacy Notice”) is to explain what personal data One Road Capital Limited collects and how One Road Capital Limited uses it. For the purposes of data protection law, One Road Capital Limited is a data controller in respect of your personal data. “Personal data” is any data that can be used to identify you or that One Road Capital Limited can link to you and which One Road Capital Limited has in its possession or control.

In this Privacy Notice when we refer to “One Road Capital” or “we”/“us”/“our” we mean One Road Capital Limited and our Associates. You can find contact details for our Associates, and the details of the data controllers within One Road Capital, by contacting us at data.protection@oneroadcapital.com.

Personal data that One Road Capital Limited collects

One Road Capital Limited will collect and process the following personal data:

Information that you or someone acting on your behalf provides to One Road Capital Limited or its Associates. This includes information about you that you give One Road Capital Limited by filling in forms, signing up for services on our website or by communicating with us whether face-to-face, by phone, e-mail or otherwise. If you are a client or are connected with one of our client’s matters, this may include personal data about you or others that is provided to One Road Capital Limited in connection with the provision of services to that client.

Information One Road Capital Limited collects or generates about you. We will also collect information about you when you use our services or when we otherwise interact or correspond with you. We use various technologies to collect and store information when you visit our websites. We may, for example, collect information about the type of device you use to access the websites, your IP address and your geographic location, the operating system and version, your browser type, the content you view and features you access on our websites, the web pages and the search terms you enter on our websites. For information about how we use Cookies and the choices you may have, you can request a copy of our Cookies Policy by emailing data.protection@oneroadcapital.com

If you are a client, or are connected with one of our client’s matters, this information may include:

  • information about you, your engagements, financial information and relationship to others;
  • data that One Road Capital Limited collects about your use of One Road Capitals IT systems;
  • reports and information for tax reporting (e.g. FATCA) or compliance with legal or regulatory obligations
  • (where required by legal or regulatory obligations or otherwise where we have a specific legal basis)

Information One Road Capital Limited obtains from other sources. If we collect or receive your personal data in the context of our provision of services, we might receive information from third parties such as your employer, other parties relevant to the services we are providing (e.g. counterparties in transactions) and others such as regulators and authorities. That information could include your name, contact details, employment details and other information relevant to the services that we are providing to our client.

Uses of your personal data

Personal data may be stored and processed by One Road Capital Limited in the following ways and for the following purposes:

  • to provide One Road Capital services,
  • verify your identity (including for fraud prevention purposes), assess your ability to meet your commitments (if any) and manage One Road Capital relationship with you and/or the client to whom you are connected;
  • to contact you in connection with your work with One Road Capital Limited and the services that One Road Capital Limited provides to you or a client to whom you are connected;
  • to perform the contract with you or a client/supplier to whom you are connected (including performing One Road Capitals obligations and exercising One Road Capital rights);
  • to engage in marketing and business development activity and to advise you or a client to whom you are connected of other services similar to those which you or a client to whom you are connected receive from One Road Capital Limited and/or its Associates;
  • to engage in Community Investment projects where you choose to participate;
  • to notify you about changes to our service;
  • to carry out financial risk assessments, risk mitigation activities and for risk reporting and risk management;
  • to comply with One Road Capitals legal obligations. This includes reporting to the relevant authorities, complying with anti-money laundering obligations and tax reporting obligations;
  • to use it to prevent and respond to actual and potential fraud or illegal activities; or
  • to use it to look into any complaints or queries you or a client/supplier to whom you are connected may have.

One Road Capital Limited is entitled to use personal data in these ways because:

  • Consent - we may (but usually do not) need your consent to use your personal data. You can withdraw your consent by contacting us (see below).
  • Performance of a contract - we may need to collect and use your personal data to enter into a contract with you or to perform our obligations under a contract with you or a client to whom you are connected.
  • Legitimate interest - we may use your personal data for our legitimate interests, some examples of which are given above.
  • Compliance with law or regulation - we may use your personal data as necessary to comply with applicable law/regulation.
Disclosure of personal data to third parties

One Road Capital Limited may disclose personal data to its Associates in the circumstances described below:

  • to provide the services or perform its obligations in connection with your contract or the contract of a client/supplier with whom you are connected;
  • for the management and administration of the One Road Capital Limited business;
  • for the management and administration of internal policies and procedures within One Road Capital Limited.

Where personal data is disclosed to its Associates, One Road Capital Limited will take steps to ensure that the personal data is accessed only by those persons who need to do so for the purposes described in this Privacy Notice.

One Road Capital Limited may also disclose personal data outside of One Road Capital Limited and its Associates, as follows:

  • to third party agents, service providers or contractors, bound by obligations of confidentiality, who will only use personal data on One Road Capitals behalf for the purposes described in this Privacy Notice;
  • to third parties relevant to the services outlined in the contract with you or the contract of a client/supplier with whom you are connected. This may include for example counterparties to engagements, professional advisers, stock exchanges or regulators;
  • to the prospective counterparty, for due diligence purposes, if One Road Capital Limited and/ or our Associates restructure or sell any of its or their business or assets (for the avoidance of doubt, your personal data would only be transferred in such circumstances to the extent that such a transfer was required for the purposes of due diligence and was subject to appropriate security protections e.g. anonymisation and/or confidentiality restrictions);
  • to the extent required by law, regulation or court order for example if One Road Capital Limited is under a duty to disclose personal data in order to comply with any legal or regulatory obligation; and
  • in order to establish, exercise or defend One Road Capital Limited legal rights, for example if One Road Capital Limited needs to obtain external legal advice or provide personal data in connection with judicial proceedings.
Transfers of personal data outside its territory

Personal data may be transferred to, and stored at, a destination outside its territory. It may also be stored and processed by staff operating outside of its territory, who work for One Road Capital Limited or One Road Capital Limited third-party agents, service providers or contractors.

Where One Road Capital Limited transfers personal data outside its territory, One Road Capital Limited will ensure that it is protected in a manner that is consistent with how personal data will be protected by One Road Capital Limited according to UK and the EEA standards. This may be achieved in one of the following ways:

  • the country that One Road Capital Limited sends the data to might be approved by the European Commission or by a relevant data protection authority; or
  • the recipient might have signed a contract based on “model contractual clauses” approved by the European Commission or by a relevant data protection authority, obliging them to protect the personal data that they receive.

In other circumstances the law may permit One Road Capital Limited to otherwise transfer personal data outside the UK or the EEA. In all cases, however, One Road Capital Limited will ensure that any transfer of personal data is compliant with applicable data protection law.

You can obtain further details of the protection given to your personal data when it is transferred outside our territory by contacting One Road Capital Limited in accordance with the “Contacting One Road Capital” section below.

Retention of personal data

How long One Road Capital Limited holds personal data for will vary. The retention period will be determined by various criteria including:

  • the purpose for which One Road Capital Limited is using it - One Road Capital Limited will need to keep the data for as long as is necessary for that purpose; and
  • legal obligations - laws or regulation may set a minimum period for which One Road Capital Limited has to retain personal data.
Rights in relation to personal data

You have a number of legal rights in relation to the personal data that One Road Capital Limited holds about you. These rights include:

  • the right to obtain information regarding the processing of your personal data and access to the personal data which One Road Capital Limited holds about you;
  • the right to request that One Road Capital Limited rectify your personal data if it is inaccurate or incomplete;
  • the right to request that One Road Capital Limited erase your personal data in certain circumstances. Please note that there may be circumstances where you ask One Road Capital Limited to erase your personal data but One Road Capital Limited is legally entitled to retain it;
  • the right to object to, and the right to request that One Road Capital Limited restrict, its processing of your personal data in certain circumstances. Again, there may be circumstances where you object to, or ask One Road Capital Limited to restrict, its processing of your personal data but One Road Capital Limited is legally entitled to continue processing your personal data and / or to refuse that request;
  • in some circumstances, the right to receive some personal data in a structured, commonly used and machine-readable format and/or request that One Road Capital Limited transmit such data to a third party where this is technically feasible. Please note that this right only applies to personal data which you have provided to One Road Capital Limited;
  • the right to withdraw your consent, although in certain circumstance it may be lawful for One Road Capital Limited to continue processing your data where One Road Capital Limited has another legitimate reason (other than consent) for doing so. One Road Capital Limited is not relying on your consent in order to process your personal data for the purposes and in the manner set out in this Privacy Notice; and
  • the right to lodge a complaint with the relevant data protection authority if you think that any of your rights have been infringed by Rothschild & Co.

You can exercise your rights by contacting One Road Capital Limited using the details set out in the "Contacting One Road Capital Limited " section below.

You can find out more information about your rights by contacting the relevant data protection authority. We can, on request, tell you which data protection authority is relevant to the processing of your personal data.

Contacting One Road Capital Limited

If you would like further information about Rothschild & Co’s processing of your personal data or the exercise of any of the rights referred to above, please address questions, comments and requests to data.protection@oneroadcapital.com

Lionel Leo

Lionel Is from a well-established Hong Kong hotelier family. Having graduated from USC School of Architecture in 1980, Lionel returned to Hong Kong to join Wong and Ouyang & Associate which was at the time the largest and most progressive architectural firm in Hong Kong.

Lionel graduated from University of South California’s School of Architecture in 1980 and returned to Hong Kong to join Wong & Ouyang Ltd. He quickly built a reputation for impeccable design sensibility and project leadership in a firm reputed for hiring the most accomplished professionals and servicing Hong Kong’s leading business families. After a few years, Lionel left Wong & Ouyang and established Interarch & Associates, an interior architectural design firm that focused on selective projects for the most discerning clients in the region.

Through the 1980s, Lionel created numerous businesses, the most notable was the establishment of L. Hoffman Holdings Ltd, a Hong Kong-based investment company focused on equity participations and acquisitions. Hoffman Holdings nurtured companies that were grouped into distinct industries: Real Estate, Infrastructure Services, Consumer Retail, and Private Equity. In a short span of time Lionel built a personal cumulative portfolio of real estate valued over USD $400 million in current market value.

By the mid 1980’s Lionel witnessed China’s meteoric rise into the global economy and by 1986 he was drawn towards the rapidly opening Chinese infrastructure sector. Having developed foundational relationships with the Chinese government, Lionel entered an equity-based joint venture with Harbin Brewery (now owned by Anheuser-Busch) to develop a new plant to capture the international export market. Further opportunities within the region lead him to spearhead other joint venture businesses. He was at helm of the JV of the three largest powerplant companies in the Northern China region bridging heavy metal export from mainland China to Philippines and Indonesia.

Through his consistent execution capabilities and track record, Lionel was able to build a sterling reputation in China amongst local and federal governments. Even today, Lionel is sought out for those seeking China market entry. In the early 2000’s Lionel explored opportunities in the consumer sector and set up a Greenfield venture in Singapore to create a vertically integrated apparel line that targeted upscale working women. The brand grew quickly over a decade and had several fully owned retail concept stores. Additionally, through his consistent drive and network, Lionel was able to roll out the brand in over 70 luxury stores from Bergdorf to Sachs Fifth Avenue in New York.

After exiting the businesses, Lionel has spent his recent years advising some of Asia’s most prolific and established conglomerate families and has continued to build networks across China and South East Asia. Much like China in the 1980s, Lionel began to see new opportunities arise with the growing prominence of the Gulf region. When China announced the establishment of the new Belt and Road initiative, linking the old silk roads across Asia-Pacific and MENA, he realized it was opportune time and together with his long term partner Sagheer Mohammed, they established One Road Capital, a leading proprietary investment firm focused on real estate, hospitality and private equity investments across the new Belt and Road.

Sagheer Mohammed

Former in-house lawyer to one of the world’s largest investment banks in London, subsequently moved to Dubai to head the Capital Markets and Investment Banking team at a top tier power law firm renowned for advising Dubai Government and members of the Dubai royal family

Sagheer successfully established his practice and team as internationally recognized with very strong connections within the Middle East and Asia Pacific and for his ability in continuing to net Dubai Government deals. He was lead counsel for the Government of Dubai (Department of Civil Aviation) on what was at the time the largest ever Sukuk bond deal. The total project was in excess of US$ 4 billion used to finance the expansion of Dubai International Airport. He was ranked as one of the leading lawyers by Legal 500 and Chambers & Partners and earned his entry into Who’s Who Legal publication. In 2007 Sagheer established Praesidium LLP, an investment banking consultancy firm at the Dubai International Financial Centre. Through his consistent unrivalled service, he managed to build an elite portfolio of some of the most recognized and influential global names. In 2010 he successfully joint ventured his business with Tricor Global, a member of Bank of East Asia Group to create Tricor Praesidium. The JV coupled with Tricor’s global reach, had a combined resource capacity of over 1,500 staff across 23 offices and were regarded as the dominant DIFC firm.

In 2010 Sagheer partnered with Tower Group, a US Development firm to develop ultra-luxury hotels around the world and created 12 Blues Hotels & Resorts. For his first project in the Maldives he was featured in Millionaire Asia Magazine and was quoted as being the next ’Adrian Zecha,” the legendary hotelier behind the ultra-luxury Aman Resorts.

In January 2017 Sagheer exited his interest in Praesidium to build equity-based businesses and in 2018 together with prominent Hong Kong family offices, he established One Road Capital, a proprietary investment firm focused on strategic alliances and investments along China’s Belt and Road. The collaboration resulted in the launch of the world’s first Belt and Road REIT.

In 2019 Sagheer re-entered the consultancy space. Driven by a desire to create a formidable organization that attracted the most spirited intellectual firepower he launched Unitas Client Advisory. Located in the Nasdaq Building in the Dubai International Financial Centre, the premise was to offer unrivalled bespoke consultancy services to the most prominent and discerning of clients looking for that difference in approach.

Sagheer is a seasoned professional and is frequently quoted by his colleagues and clients alike for having a sharp business acumen and for his uncompromising attention to detail.


We are highly selective on opportunities and seek the most compelling stories. Our due diligence is thorough and drives our decision.

If you have unique proposition, please email us using the link below and a member of our team will contact you for an initial assessment.

One Road Capital Limited 一路資本有限公
Suite 1801-03, 18/Fl
One Taikoo Place, 979 King's Road,
Quarry Bay. Hong Kong