τίτλος : Interstate Hotels & Resorts acquires a management platform
Σύνδεσμος : Interstate Hotels & Resorts acquires a management platform
Interstate Hotels & Resorts acquires a management platform
Interstate Hotels & Resorts the leading U.S.-based global hotel management company – announced it has acquired the management platform from Gateway Hospitality Group.
The 20-hotel portfolio will be operated under Interstate Gateway Management LLC, a subsidiary of Interstate Hotels & Resorts, with founder Bob Voelker and partner Ron Hutcheson joining Interstate in executive-level asset management and owner relations responsibilities for this portfolio.
Gateway has a long track history of developing and managing high quality hotels throughout the United States. Bob Voelker said that they were delighted to be part of Interstate going forward. Interstate’s high quality operations and industry-leading platforms create value-add opportunities for owners.
Aggregating to 2,544 rooms, the portfolio includes premium select-service properties under top lodging brands including Hilton and Hyatt in addition to two luxury boutique hotels located in five states and the District of Columbia.
As we continue a strong growth trajectory, our successful operating strategy combining economies of size with the deployment of regionally-focused operations teams brings tremendous value to our hotel owners and investors stated Mike Deitemeyer, Interstate’s president and CEO.
They anticipated generating superior returns for the respective owners of this portfolio through management acumen, scale, and industry-leading financial and operating systems.
Added Leslie Ng, Interstate’s chief investment officer mentioned that along with gaining a high-quality portfolio of hotels and top talent with this transaction, they were looking forward to build on new relationships with an expanded client base.
A global leader in third-party hotel management, Interstate Hotels & Resorts’ depth of experience across all lodging segments and asset classes drives results in each of its managed hotels worldwide.
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