Confidential

A memo for Bernardo

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NebariConfidential · 2026
Partnership Memo · Bernardo Neto · Nebari · June 2026

Every great stay
is made by someone.

This is about who makes the next one. And who gets paid for it.

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The guest

They arrive ready
to spend.

On the dinner. The tour. The night they will remember. The room was only the beginning.

What you brought us

An AI tool to design
the event in 3D.

A configurator a client builds themselves, inside the room's real limits, that hands the sales team a finished banquet order.

Configurator 3D walkthrough Banquet order
The market · what we found

It already exists.
At every price.

Cvent
~$199 / mo
Enterprise · owns the chains
Social Tables + Prismm, AI diagrams, auto banquet orders. Blackstone-backed at $4.6B.
Tripleseat
$300 to $500 / mo
Mid-market · 20,000 venues
Owns Merri's 3D layout tool. Roughly $60M in revenue.
The long tail
$15 to $199 / mo
Budget · the feature alone
3D Event Designer $15 to $60 · Perfect Venue $99 to $299 · Event Temple $109 · iVvy from $150.

Catering software lists at $99 to $299 a month. $500 sits at the ceiling, for a feature these platforms give away. The price point isn't there.

We could build it.
It wouldn't win.

A feature has no moat. So we stopped designing the thing you asked for and went looking for the business hiding behind it.

Marques
Concierge AI
The concierge that earns its keep.
The turn

Stop selling software
to the front desk.

Put an AI concierge in the guest's hand. It books the experiences and the vendors. The hotel keeps the relationship, and the cut. No integration. The hotel pays nothing.

How it works

Three steps. No integration.

01

The guest opens it

A code in the room, a link in the pre-arrival email. Branded to the hotel.

02

It books the night

Dinner, the tour, a florist, a private chef. From a curated local network.

03

The hotel earns

A cut of every booking. The guest and the data stay with the property.

Why it wins

Three silos.
One open doorway.

Demand

Travel agencies own the guest

Viator, GetYourGuide. They take the booking, the brand, and the relationship.

Supply

Software owns the operator

FareHarbor, Peek run the vendors' booking tools, feeding their own channels.

The hotel's doorway

Unclaimed

Nobody books local vendors, hotel-branded, with the hotel paid. That gap is the company.

An online travel agency won't build it. It would cannibalize them.

So we build it.

The honest read

The lane is contested.
We still win.

Duve raised $60M and bolted an experiences marketplace onto its concierge. So this is a race. Here is why we take it.

01

Supply they ignore

Fragmented local event vendors no one has bothered to aggregate.

02

A model they can't match

Hotel-branded and hotel-paid. A travel agency doing this would cannibalize itself.

03

Your distribution

An insider who can seed both sides, fast.

The moat is depth and speed. Not code.

The potential

Same hotels.
Five times the revenue.

$6,000
His model · per property / yr
$500 / month × 12 months.
A flat fee the hotel pays.
$0
Marques · base case · per property / yr
150 rooms · 70% full ≈ 19,000 stays / yr
6% book through the concierge ≈ 1,140 bookings
$250 avg booking × 20% take × our half ≈ $25 each
1,140 × $25 ≈ $28,500

A flat fee the hotel pays, versus a cut that grows with every guest. At 100 properties, a 15% revenue share is worth roughly $428K a year instead of $90K.

The plan

Prove it once.
Then ride your network.

00

The Ben

Pilot at your own hotel. Measure if guests actually book.

01

South Florida

A handful of properties through your relationships.

02

The channel

A management company or a brand standard.

Why Nebari

You asked if we've
done this. We have.

8 years at Google Cloud
Staff Solutions Architect, enterprise builds.
HomeDepot.com
Architected the migration: 170 to 500 engineers, 2,500 requests a second.
30 years
Google, Home Depot, JPMorgan, Disney, Mayo Clinic.
Cash + revenue share
We build products for founders on terms that survive an acquisition.
The investment · phased

Buy proof first.
Then build the platform.

Pilot
~$45K to $60K
Phase 0 · The Ben
Concierge live at one property, a hand-seeded vendor list, real bookings. Prove guests book before we build anything bigger.
Platform
~$150K to $300K
Phase 1 · multi-property
Vendor onboarding, the curated network, several markets. Funded once the pilot proves the attach rate.
Scale
Revenue + capital
Phase 2 · the channel
The network compounds. Funded by what it earns, or an outside round.

This isn't a global marketplace built in twelve weeks for thirty grand. The pilot buys the proof that the rest is worth building. We scope it precisely before either of us commits.

The cost

What it takes
to start.

The pilot

You fund part of the build. We invest the rest, and earn it on the upside.

The pilot costs $45K to $60K to build. Your $30K gets it started, we cover the rest, and we take our return on the upside through a 15% share of the revenue, not out of your pocket up front. You are not carrying the bet alone.

$30K
Your contribution to launch
15%
Our share of revenue, once live
Concerns, handled

The questions
you'd be right to ask.

Marriott / IP conflict
We build under your LLC, clean cap table. Your counsel clears it before a line of code.
Guest data
Each property's guests and bookings stay with that property. In writing.
Will guests really book?
The real risk, and why the plan front-loads a cheap pilot at The Ben before anyone spends on scale.
Marques
Marques
Concierge AI

Let's prove this.