Raines Now Operating 16 Hotels for Atlantic Hotels Group in New Joint Venture

Raines | June 5, 2024

FLORENCE, SC — June 5, 2024 — Raines, a leading hospitality management, development, and investment organization, has entered into a joint venture with Atlantic Hotels Group that adds 16 properties to Raines’ management portfolio and expands the company’s operations into the Texas market. This deal was spearheaded by Kerry Ranson, partner and president of operations at Raines, and Perry Molubhoy, CEO of Atlantic Hotels Group, who have a personal and professional relationship that spans nearly two decades. Discussions regarding potential joint ventures had been ongoing, borne from a mutual vision to drive innovation and excell...