ultima hospitality
Waterton Associates Integrates Ultima Hospitality and Waterton Residential to Operate as One Entity
Waterton | October 23, 2015
CHICAGO--October 23, 2015--Waterton Associates LLC, a U.S. real estate investor and operator, today announced it has combined its wholly owned apartment and hotel management subsidiaries, Waterton Residential and Ultima Hospitality. Effective immediately, Waterton Associates and the two subsidiaries will operate as a single entity, Waterton, reflecting the broader convergence of the multifamily and hospitality sectors as the firm celebrates its 20th anniversary. "Over the years, we realized that whether we were managing an apartment community or a hotel, our goal was the same: to deliver an exceptional level of service to our customers,...
The Westin San Francisco Airport Completes Extensive $10 Million Renovation
Westin Hotels | September 29, 2015
MILLBRAE, Calif., Sept. 29, 2015 -- The Westin San Francisco Airport, owned and operated by Ultima Hospitality, has completed an extensive $10 million dollar renovation. The new design combines relaxing yet invigorating elements creating an environment ideal for business and leisure travelers alike. The arrival experience is welcoming and efficient with the hotel's public space, restaurant and lounge flowing seamlessly into the meeting room layout. "The Westin San Francisco Airport has always been an important hotel to visitors and locals alike," stated General Manager, Tom Scaramellino. "It was our goal to create a h...
Ultima Hospitality Sells its Holiday Inn Express Mill Valley in Marin County, CA for $28 million
Ultima Hospitality | July 17, 2015
Chicago, IL (July 17, 2015) – Ultima Hospitality, an industry-leading investment and hotel management company, in partnership with Argosy Real Estate, today announced the sale of the Holiday Inn Express® in southern Marin County, CA for a sale price of $28 million. Formerly the Larkspur Mill Valley Hotel, Ultima rebranded the 100-room hotel to a Holiday Inn Express in the fall of 2012. As part of the rebranding, Ultima executed a targeted improvement plan including a redesign of all guestrooms, remodeled common areas and extensive improvements to the property's exterior. Nir Liebling, chief investment officer of Ultima Hospitality, n...
Ultima Hospitality Finalizes Purchase of DoubleTree by Hilton in Westborough, Massachusetts
Ultima Hospitality | July 2, 2015
Fourth Boston area owned and managed hotel for Ultima Hospitality CHICAGO (July 2, 2015) - Ultima Hospitality, an industry-leading investment and hotel management company, announced today the closing and acquisition of the DoubleTree by Hilton Hotel Boston - Westborough in Westborough, Mass. The purchase of DoubleTree by Hilton Hotel Boston - Westborough continues the company's trend of identifying strong performing assets in markets poised for high-growth over the long-term. The 223-room hotel recently completed a renovation of the public areas and meeting space and this coupled with Ultima Hospitality's planned renovation of the guest...
Ultima Hospitality Expands its Boston Footprint with the Purchase of the Sheraton Needham Hotel
Ultima Hospitality | June 8, 2015
Third Boston Area Owned and Managed Hotel for Ultima Hospitality CHICAGO (June 8, 2015) - Ultima Hospitality, an industry-leading investment and hotel management company, announced today the closing and acquisition of the Sheraton Needham Hotel in Needham, Mass. The purchase of the Sheraton Needham Hotel continues the Company's trend of identifying strong performing assets in markets poised for high-growth over the long-term. The 247-room hotel recently completed an extensive renovation, touching all guest areas, making this asset a tremendous guest experience for travelers to the Boston area. Situated just miles from downtown Boston an...
