hostmark hospitality group
First Hospitality Expands Reach with Acquisition of Hostmark Hospitality Group
First Hospitality | September 18, 2023
CHICAGO (September 18, 2023) - First Hospitality, a national hotel management and development company, is pleased to announce an agreement to acquire the majority of the hotel management agreements of Hostmark Hospitality Group, headquartered in Schaumburg, IL. This strategic move significantly expands First Hospitality's geographic presence, augments its collection of restaurants and bars, and promises to bring added benefits to its expanded portfolio, which will include more than 70 hotels nationwide. David Duncan, President and CEO of First Hospitality, stated, "Our alignment with Hostmark Hospitality Group fits well with our strategy o...
New Dual-Branded Holiday Inn-Staybridge Suites Hotel Takes Off Near Chicago’s O’Hare International Airport
IHG Hotels & Resorts | May 2, 2023
ATLANTA (May 2, 2023) – IHG Hotels & Resorts (IHG), one of the world’s leading hotel companies, today announced the opening of a new dual-branded Holiday Inn and Staybridge Suites property in the Chicago suburb of Rosemont, Ill. Located within five miles of its namesake, Holiday Inn and Staybridge Suites O’Hare Airport offers flexible, modern and comfortable accommodations for travelers passing through the Windy City and for those enjoying a longer stay. Featuring 284 rooms (139 Holiday Inn, 145 Staybridge Suites) on nine floors, the hotel offers guests a broader choice while bringing together unique elements of each brand. ...
Margaritaville Welcomes New Hotel Collection: Compass by Margaritaville
Margaritaville | July 9, 2020
ANNA MARIA ISLAND, Fla., July 9, 2020 - On July 15 the first Compass by Margaritaville, Compass Hotel Anna Maria Sound, will open as the newest addition to the brand's expanding portfolio of concepts, offering guests a fresh way to relax, rejuvenate and escape the everyday, in a more intimate hotel setting. Developed by Floridays Development Company and managed by Hostmark Hospitality Group, Compass Hotel Anna Maria Sound is situated on a 220-acre private island community. The first-of-its-kind hotel combines the brand's signature casual luxury with convenience and comfort on Florida's Gulf Coast. "As a global lifestyle brand, it's of ...
Quality Inn & Suites Garden of the Gods Completes Renovation in Colorado Springs
Hostmark Hospitality Group | May 28, 2020
COLORADO SPRINGS, May 28, 2020 – Quality Inn & Suites Garden of the Gods in Colorado Springs, Colo. has completed a renovation of its 124 guest rooms including newly remodeled bathrooms as well as new paint, furniture and fixtures. Since 2016, San Diego-based RAR Hospitality has been managing the branded hotel including its renovation and in February 2020, Chicago-based hotel management company, Hostmark Hospitality Group assumed RAR’s hotel collection including Quality Inn & Suites Garden of the Gods, managing the completion of the renovation. The hotel assumption of Quality Inn & Suites Garden of the Gods is part of Hostmar...
Hostmark Hospitality Group Acquires Management Group, RAR Hospitality
Hostmark Hospitality Group | May 15, 2020
CHICAGO, May 14, 2020 – Hostmark Hospitality Group continues its strong growth through the integration and acquisition of RAR Hospitality, a San Diego-based hospitality management group. The combined company will now own and operate both limited-service and full-service as well as branded and independent hotels across the United States with a portfolio of 40 hotels totaling over 5,000 rooms as well as successful restaurants. Operations of RAR’s portfolio will continue under the Hostmark brand in their San Diego office. “RAR Hospitality has exhibited the breadth and depth of experience that is required in successfully managing boutique ...
Patti A. Sedlacek Named Vice President of Revenue Management at Hostmark Hospitality Group
Hostmark Hospitality Group | July 24, 2019
SCHAUMBURG, Ill., July 24, 2019—Officials of Hostmark Hospitality Group, an award-winning hotel management company specializing in unique lifestyle hotels and resorts as well as branded properties, today announced that Patti A. Sedlacek has been named vice-president of revenue management. In her new role, Sedlacek will work closely with the company’s hotel general managers and sales teams to improve business planning and pricing. “Patti has spent the past two decades honing and perfecting her revenue management skills, and her hotels’ bottom lines have benefitted from her expertise,” said Jerome F. Cataldo, president & CEO, H...
Thomas Prins Joins Hostmark Hospitality as Minority Partner
Hostmark Hospitality Group | March 18, 2019
SCHAUMBURG, Ill., March 18, 2019—Thomas Prins, principal of TQP Capital Partners, a hotel real estate private equity firm focused on value-add and opportunistic investments, today announced that he has joined Schaumburg, Ill.-based Hostmark Hospitality Group, a leading third-party hotel management company, as a minority partner. In his new role, Prins will be responsible for new business development on behalf of Hostmark and TQP Capital Partners. The affiliation of the two businesses will begin immediately. The financial terms of the transaction were not disclosed. "We were looking to align TQP Capital Partners with a proven opera...
Hostmark Hospitality Group Names Ronald L. Vlasic Chief Operating Officer
Hostmark Hospitality Group | February 20, 2019
SCHAUMBURG, Ill., Feb. 20, 2019—Officials of Hostmark Hospitality Group, an award-winning hotel management company specializing in unique lifestyle hotels and resorts as well as branded properties, today announced it has named Ronald L. Vlasic as chief operating officer. In his new role, Vlasic will oversee and grow the company's third-party management portfolio of branded and independent hotels across the U.S., helping the company expand into new markets and segments. "With more than 25 years of hospitality experience, Ron has an unmatched track record utilizing his unique skillset and relationships to grow regional hotel compani...
