We look forward to working with the solid team of associates already in place at these hotels," said COO Charles Peck. "Silverwest plans to update all three properties in the next year to bring them current with today’s franchise standards.
San Antonio, Texas (PRWEB) June 15, 2015
Silverwest Hotels, LLC, announced today that it has acquired three Hilton and Marriott branded hotels in the San Antonio, Texas market from Barshop & Oles Company for an undisclosed price. The Hampton Inn and Suites San Antonio/Schertz built in 2005 and the Fairfield Inn and Suites San Antonio NE/Schertz completed in 2009 are located on I-35 in one of the highest growth areas in the region. The Hampton Inn San Antonio/Northwoods built in 2000 is located just off of the interchange at Loop 1604/ U.S. 281 in the 145-acre Northwoods mixed-use development.
“We are very excited to enter the San Antonio market with these premium select-service brands,” said Charles Peck, a co-founder and chief operating officer of Silverwest Hotels. “We look forward to working with the solid team of associates already in place at these hotels. Silverwest plans to update all three properties in the next year to bring them current with today’s franchise standards. We have always admired the diversity and strong economic growth that San Antonio has traditionally experienced.”
“Our plans include a continued relationship with both Hilton and Marriott in other key markets in the United States,” added Edward Mace, Silverwest’s CEO and other co-founder. “In addition to our now six hotels, Silverwest has several other exciting projects not yet announced.”
Denver-based Silverwest Hotels is already a Hampton Inns franchisee with a new Hampton Inn and Suites currently under construction in Silverthorne, Colo. The company owns a 555-room full service Marriott resort hotel on the Big Island in Hawaii. Another Silverwest hotel project, an Element by Westin, is under construction in Basalt, Colo., near Aspen.
About Silverwest Hotels
Silverwest Hotels, LLC, is a joint venture by Mariner Real Estate Management, LLC, based in Kansas City, Silverwest Hotel Partners, LLC, and an affiliate of Global Endowment Management based in Charlotte, N.C. The Silverwest joint venture was founded in 2014 and brings together two experienced hospitality executives, Edward Mace and Charles Peck, with the institutional fund management platforms and expertise of Mariner Real Estate Management and Global Endowment.
Edward Mace was formerly President of RockResorts as well as Vail Resorts Lodging Company and had previously been president and CEO of Fairmont Hotels. Following a merger between Fairmont and Canadian Pacific Hotels, Mace served as president, U.S./Mexico Region and later as vice chairman of the combined Fairmont Hotels and Resorts and oversaw global development. Charles Peck was president and COO of Destination Hotels & Resorts from 1997-2012, the Denver-based hospitality subsidiary of Lowe Hospitality Group who operated a number of Texas properties including the legendary Driskill Hotel in Austin.
Mariner Real Estate Management, led by its founders Ryan Anderson and Terry Anderson, is a real estate private equity firm focused on opportunistic investments in the commercial real estate market. Since inception in 2008, Mariner and its affiliates have purchased over $1.3 billion of real loans or assets in over 30 states and has more than $750 million of assets under management.
Global Endowment Management (GEM) is an independent investment manager offering an endowment-style investment program to institutional investors, family offices, individuals and other sophisticated investors. GEM is based in Charlotte, N.C.