Terrapin Hospitality
NewcrestImage, Dabu & Countrywide Form JV to Acquire Best Western Plus in Page, Arizona
September 27, 2022
The Best Western Plus in Page, Arizona has been acquired by a new joint venture of NewcrestImage, Dabu Hotels, and Countrywide Hospitality in a transaction that was completed yesterday. The 130-room hotel will be operated by Terrapin Hospitality. The property is strategically located in the heart of a major leisure destination area that is visited by more than 4.5 million visitors. Among nearby outdoor attractions are the Grand Canyon, Lake Powell, Monument Valley, Glen Canyon Dam, Antelope Canyon, and Horseshoe Bend. “This hotel is a key stop for travelers who are making the ‘grand circle’ tour of western national parks such ...
Terrapin Hospitality Adds Seventeen Hotels to Managed Portfolio in Q1 2022
Terrapin Hospitality | March 23, 2022
Houston, TX — March 23, 2022 — Terrapin Hospitality, one of the nation's fastest-growing hotel management companies, announced today the addition of 17 properties with over 2400 keys to its managed portfolio in the first quarter of 2022. Terrapin experienced robust growth, building off the momentum from the company's recording-breaking 2021. The new properties include: 105-room Quality Inn & Suites, Castle Rock, CO 202-room Clarion Inn Sheffield Muscle Shoals, Sheffield Alabama 94-room Montana Trailhead Inn, Billings, Montana 100-room La Quinta Inn & Suites Jonesboro, Jonesboro, Arkansas – opening May 2022 1...
Terrapin Hospitality Appoints Shawn Kvernen to Chief Operating Officer
Terrapin Hospitality | March 16, 2022
Houston, TX — March 16, 2022 — Terrapin Hospitality, one of the nation's fastest-growing hotel management companies, announced today the expansion of their management team with the promotion of Shawn Kvernen to Chief Operating Officer and the addition of Robert Adler as Regional Vice President. In his new role, Kvernen will be responsible for all aspects of the company's overall growth and oversight of the entire managed portfolio. Adler will report directly to Kvernen. "Shawn is a seasoned management executive and has been integral to the growth since joining the company when we acquired K Partners," said Tony Sherman, Foun...
Terrapin Hospitality Announces Acquisition of K Partners
Terrapin Hospitality | September 29, 2021
Houston, TX — September 29, 2021 — Terrapin Hospitality, one of the nation’s fastest-growing hotel management companies, announced the acquisition of K Partners, a leading third-party hotel management company located in San Antonio, Texas. With the completion of the acquisition, Terrapin now boasts a portfolio of 70 managed properties comprising 7,335 rooms in 13 states from Oregon to Florida and New York. Terrapin and its affiliates have an ownership interest in 30 of the properties. “This acquisition was a natural fit,” explains Tony Sherman, Founder and Principal, Terrapin Hospitality. “Both companies share a similar focus and...
Sarah Garcia Joins Terrapin Hospitality as Senior Vice President of Sales and Marketing
Terrapin Hospitality | November 11, 2020
November 11, 2020, Houston, TX— Terrapin Hospitality, one of the nation’s fastest-growing hotel management platforms, announced today the appointment of Sarah Garcia as Senior Vice President of Sales and Marketing. Garcia is a long-term hospitality professional with over 20 years of hospitality experience in sales, marketing, and revenue management. She will be responsible for overseeing top-line revenue efforts for all assets and will strive to drive revenue to the top line and all the way down to NOI. Garcia will run the company’s sales organization, including full-service, select-service, and economy properties. “Sarah’s ex...
