CHICAGO (PRWEB) February 03, 2020
Chicago-based hotel investment and management company, Arbor Lodging Partners, announced today the acquisition of a 12-hotel portfolio consisting of the Hilton Garden Inn Pasadena/Arcadia, Springhill Suites Pasadena/Arcadia, Hampton Inn Irvine/Lake Forest, Hilton Garden Inn Irvine/Lake Forest, Hilton Garden Inn Bakersfield, Hilton Garden Inn Folsom, Hilton Garden Inn Roseville, Courtyard Inn Hartford/Farmington, Residence Inn Hartford/Rocky Hill, Homewood Suites Wallingford, Homewood Suites Somerset and Residence Inn Mount Olive hotels in a joint venture with GFH Financial Group B.S.C. Expanding its portfolio to 37 full-service and select-service hotels consisting of nearly 5,000 rooms across 21 markets in 15 states, Arbor Lodging Partners further establishes its position as a leading national player in the hospitality industry. Going forward, the hotels will be managed by Arbor Lodging Partners’ affiliate, Arbor Lodging Management.
“We are thrilled to have added 12 diverse and unique properties with industry-leading franchise affiliations to our portfolio in several key markets,” said Vamsi Bonthala, Chief Executive Officer of Arbor Lodging Partners. “Consistent with our strategic investment plans, we are pleased to invest in high-performing hotel markets, while concurrently continuing our own growth as an influential hotel investment and management firm.”
Arbor Lodging Partners will begin renovations of various scopes at each property. Renovations may include modern updates to all guestrooms, guest bathrooms, lobbies and common areas, as well as meeting spaces and food and beverage outlets.
“Each hotel is well-situated in its own community and has a long history of guest satisfaction,” said Sheenal Patel, Chief Executive Officer of Arbor Lodging Management. “We are excited to welcome many new associates to the Arbor Lodging family and will work closely with each property team to continue to drive success by improving operations where necessary and creating memorable and engaging experiences for guests.”
Through affiliates, Arbor Lodging’s fully integrated hotel investment and hotel management platform now owns 37 hotels throughout the United States. The portfolio consists of a range of hotels under brands such as Curio Collection by Hilton, Marriott Hotels & Resorts, Courtyard by Marriott, Hilton Garden Inn, Residence Inn, Homewood Suites, and more.
For more information, visit http://www.arborlodging.com. Follow Arbor Lodging on LinkedIn and Facebook for updates.
Arbor Lodging is a Chicago-based national owner and operator of hotels. The company was founded in 2006 with the goal of uniting the best practices of enterprising hotel operators and sophisticated institutional investors to effectively underwrite and execute investments in the lodging space. Arbor Lodging Partners makes investments in hotels, acquires loans secured by hotels and, through its affiliate Arbor Lodging Management, manages operations for its own hotels and those owned by third parties. A leading hotel management company with a range of services, Arbor Lodging Management is a Hilton Hotels Worldwide, Marriott Hotels & Resorts, Hyatt Hotels Corporation, and InterContinental Hotels Group approved operator. The company has been designated one of the nation's top hotel companies by Hotel Management Magazine and Hotel Phillips Kansas City, an Arbor Lodging-managed property, made Architectural Digest’s list of the ‘Most Beautiful Hotels in Every State.’ To learn more about Arbor Lodging, visit http://www.arborlodging.com.