Our Team

Founder and President

Hometown

Bedford, NY

Vacation Spot

Word Class Cities

Joined Legacy Ventures

1994

Caroline Karlberg Royster

Director of Business Development

Caroline Karlberg Royster is responsible for identifying new business opportunities that meet Legacy Ventures’ investment objectives, including opportunities in acquisition, ground-up development, and third-party operations management. She underwrites and reports on targeted business opportunities, providing market research, entitlement analysis, operating projections, and discounted cash flow modeling and sensitivity analyses. Caroline oversees the acquisition and development process in collaboration with other senior leadership, as well as the operations, design and construction, and finance teams. Additionally, she works with Legacy’s senior leadership to direct the long-term strategies of the company and ensures that the company consistently delivers exceptional customer experiences, yielding measurably better results for partners and investors. 

Prior to joining Legacy Ventures, Caroline gained a wealth of professional experience, with prior tenures at Goldman, Sachs & Co; PKF Consulting USA; and TPG Hotels & Resorts. In her previous work involving the hospitality, lodging and real estate industries, she conducted market and financial feasibility studies, portfolio valuations, appraisals and business valuations, strategic research assignments, and repositioning and operational analyses. In her most recent role at TPG, Caroline was responsible for overseeing the hotel acquisition process from deal identification to underwriting through due diligence, acquisition, and transition to operations team. Caroline holds a BS in Business Administration from Bucknell University and an MS in Hospitality Management from Florida International University.

Caroline is active in the Atlanta Hospitality Alliance, Georgia Women in Lodging; the American Hotel and Lodging Association; Georgia Hotel and Lodging Association, and is President of the Bucknell Club of Atlanta. Caroline enjoys traveling and exploring new hotels and restaurants; she has loved hotels since she was a little girl – her early favorites include Boston Harbor Hotel, the Hotel Del Coronado, and the Embassy Suites in La Jolla, CA. When not working, she enjoys spending time with her husband and their dog, cooking and entertaining with her family & friends, bike riding, reading with a glass of good wine, golfing, volunteering, and following the Patriots and Red Sox.

WE BELIEVE everyone and everything should be left better than we found them.

Hometown

Bedford, NY

Vacation Spot

Word Class Cities

Joined Legacy Ventures

1994

Joined Legacy Ventures

2018

Hometown

Ellington, CT

Vacation Spot

California