The Securities and Exchange Commission has not necessarily reviewed the information in this filing and has not determined if it is accurate and complete.
The reader should not assume that the information is accurate and complete.

UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 13F

FORM 13F INFORMATION TABLE
OMB APPROVAL
OMB Number: 3235-0006
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hours per response: 23.8
COLUMN 1 COLUMN 2 COLUMN 3 COLUMN 4 COLUMN 5 COLUMN 6 COLUMN 7 COLUMN 8
VALUE SHRS OR SH/ PUT/ INVESTMENT OTHER VOTING AUTHORITY
NAME OF ISSUER TITLE OF CLASS CUSIP (x$1000) PRN AMT PRN CALL DISCRETION MANAGER SOLE SHARED NONE
ALPHABET INC CAP STK CL A 02079K305 98,504 40,341 SH   SOLE   40,341 0 0
AMERANT BANCORP INC CL A 023576101 29,904 1,398,711 SH   SOLE   1,398,711 0 0
AMERANT BANCORP INC CL B 023576200 526 26,911 SH   SOLE   26,911 0 0
BM TECHNOLOGIES INC CL A COM 05591L107 739 59,408 SH   SOLE   59,408 0 0
CHATHAM LODGING TR COM 16208T102 837 65,011 SH   SOLE   65,011 0 0
CHEFS WHSE INC COM 163086101 8,833 277,505 SH   SOLE   277,505 0 0
CRESUD S A C I F Y A SPONSORED ADR 226406106 199 33,336 SH   SOLE   33,336 0 0
CRESUD S A C I F Y A *W EXP 03/08/202 P3311R259 12 50,710 SH   SOLE   50,710 0 0
FIRST AMERN FINL CORP COM 31847R102 97,847 1,569,323 SH   SOLE   1,569,323 0 0
GRUPO AEROPORTUARIO DEL CENT SPON ADR 400501102 14,534 278,378 SH   SOLE   278,378 0 0
GRUPO AEROPORTUARIO DEL SURE SPON ADR SER B 40051E202 21,137 114,315 SH   SOLE   114,315 0 0
HOST HOTELS & RESORTS INC COM 44107P104 6,836 400,000 SH   SOLE   400,000 0 0
IRSA INVERSIONES Y REP S A GLOBL DEP RCPT 450047204 609 164,122 SH   SOLE   164,122 0 0
IRSA INVERSIONES Y REP S A *W EXP 05/25/202 P5880C134 38 199,336 SH   SOLE   199,336 0 0
OUTFRONT MEDIA INC COM 69007J106 97,994 4,077,978 SH   SOLE   4,077,978 0 0
PARK HOTELS & RESORTS INC COM 700517105 52,567 2,550,540 SH   SOLE   2,550,540 0 0
PEBBLEBROOK HOTEL TR COM 70509V100 13,267 563,352 SH   SOLE   563,352 0 0
PERFORMANCE FOOD GROUP CO COM 71377A103 55,568 1,145,971 SH   SOLE   1,145,971 0 0
PROPERTY SOLUTIONS ACQUISITI UNIT 03/01/2026 74350A207 4,965 500,000 SH   SOLE   500,000 0 0
RYMAN HOSPITALITY PPTYS INC COM 78377T107 5,304 67,173 SH   SOLE   67,173 0 0
SABRE CORP COM 78573M104 95,778 7,674,507 SH   SOLE   7,674,507 0 0
SABRE GLBL INC NOTE 4.000% 4/1 78573NAE2 1,819 1,000,000 PRN   SOLE   1,000,000 0 0
SUPERNOVA PARTNERS ACQUISTN UNIT 99/99/9999 G8T86C113 4,990 500,000 SH   SOLE   500,000 0 0
SYSCO CORP COM 871829107 61,394 789,631 SH   SOLE   789,631 0 0
TUSIMPLE HLDGS INC CL A 90089L108 68,191 957,208 SH   SOLE   957,208 0 0