hhm
Monarch Alternative Capital Grows Orlando Hospitality Portfolio With Acquisition of Three Hotels
Monarch Alternative Capital LP | July 14, 2022
NEW YORK and LONDON, July 14, 2022 -- Monarch Alternative Capital LP, a leading investment firm with approximately $9.4 billion of assets under management, announced the purchase of three hotels in Orlando, Florida. Given the firm's established reputation within the market, Monarch was able to acquire the newly-built, high quality properties located in Orlando submarkets adjacent to Monarch's existing hotels at a discount to replacement cost in off-market transactions. With these acquisitions, Monarch's hospitality portfolio in Orlando now totals approximately 2,000 keys across seven properties. As the Orlando market continues to...
HHM to Integrate Urgo Hotels & Resorts Into Its Existing Platform
HHM | June 8, 2022
PHILADELPHIA, PA, June 08, 2022 -- HHM and Urgo Hotels & Resorts (“Urgo”) have entered into a definitive agreement that, upon closing, will result in Urgo becoming a wholly owned subsidiary of HHM and, as part of the total consideration, the founding members of Urgo will become shareholders of HHM. The combined company will operate over 235 hotels in North America, with HHM expanding into Canada, entering new markets in the U.S., while adding mountain leisure, development and condo-hotel management capabilities to its portfolio. This represents HHM's second strategic M&A transaction in 2022, after it closed earlier in the yea...
HHM Transitions Twenty-Five Premier Marriott and Hilton Hotels With Four New Institutional Clients
HHM | March 8, 2022
Hotel Management & Investment Company Expands Portfolio to 185 Managed Properties PHILADELPHIA, PA - March 8, 2022 - HHM has integrated 25 premium-branded, full service, select service, and extended stay hotels into its managed portfolio of 185 hotels from coast to coast. The newly added hotels come with long-term stable management agreements for nearly 4,000 rooms across various Marriott and Hilton brands. These properties are strategically located in and around existing HHM markets like Denver, Austin, Tampa, Fort Lauderdale, and Chicago while adding hotels in new HHM markets such as Salt Lake City, Louisville, and Omaha....
The Sanctuary Beach Resort Adds Two New Hires to Culinary Team
The Sanctuary Beach Resort | October 19, 2021
MONTEREY BAY, CA – October 19, 2021 – The Sanctuary Beach Resort, a celebrated Independent Collection ® Hotels & Resorts property, today announced the appointment of two new members of the resort’s food and beverage leadership team. Hospitality operations leader Josh Kutcher has been named director of food and beverage and seasoned chef Chris Watts will lead the culinary team as the resort’s new executive chef. Together, Kutcher and Watts bring nearly four decades of experience and usher in the next era of culinary excellence at the storied coastal California resort. “Josh and Chris each bring an incredible dep...
Hersha Hospitality’s Independent Collection Partners With Duetto
Duetto | October 27, 2020
Leading hospitality investment firm selects Duetto's Revenue Strategy Platform for its collection of luxury and lifestyle hotels. San Francisco, October 27, 2020 — Hersha Hospitality Management (HHM) has deployed Duetto's Revenue Strategy Platform across its entire Independent Collection, a growing portfolio of boutique, lifestyle, and luxury hotels across the United States. HHM is one of the fastest-growing management, investment, and development firms in the hospitality sector, with 135 hotels and more than $1 billion in managed revenues. The "Independent Collection," which represents its luxury and lifestyle division, has 20 p...
The Annapolis Waterfront Hotel Reemerges From Multi-million Dollar Renovation and Brand Refresh
HHM | August 24, 2020
Annapolis, MD – August 24, 2020 – The Annapolis Waterfront Hotel, a member of Marriott International’s Autograph Collection, is stepping out with a reimagined guest experience inside and out following a comprehensive, multi-million dollar renovation. From the exterior to the 150 guest rooms to the extensive meetings and event spaces, paired with an overall brand refresh, the timeless charm of seaside hospitality both the hotel and destination are known for, shine brighter than ever. “The Annapolis Waterfront Hotel has always been an unmatched experience here in Annapolis,” said General Manager Matt Nelson. “The brand refres...
Hersha Hospitality Management Appoints Andrés Padilla as Executive Chef for The Plaza Hotel Pioneer Park
The Plaza Hotel Pioneer Park | December 11, 2019
El Paso, Texas — December 11, 2019 — Hersha Hospitality Management (HHM) announced Andrés Padilla has been named executive chef of The Plaza Hotel Pioneer Park. Chef Padilla will oversee all food and beverage experiences for the 130-room property, including two restaurants & bars, in-room dining and private events. Influenced by Padilla’s travels throughout Mexico, Ámbar Restaurante will serve wood-fired, modern Mexican cuisine. Offering panoramic views of Mexico, New Mexico and El Paso, La Perla is an exclusive rooftop dining and cocktail venue that will feature seafood-driven plates. Set to open in early 2020, the beauti...
HHM Completes Acquisition of DoubleTree by Hilton Hotel Atlanta Airport
HHM | April 23, 2019
PHILADELPHIA, April 23, 2019 -- Philadelphia-based HHM has completed its acquisition of the DoubleTree by Hilton Atlanta Airport, which features 220 guest rooms, 4,500 square feet of updated meeting space, multiple food and beverage outlets, and a fitness center and swimming pool. The DoubleTree by Hilton Atlanta Airport offers an upscale and chic experience in close proximity to Hartsfield-Jackson Atlanta International Airport, which has hosted more passengers than any other airport across the globe for 20 years running. In addition to airport demand, the hotel is only a few miles from Downtown Atlanta's fast-growing business and trave...
