Together, Mountain Shore Properties and Olympia Hotel Management have created a solid platform for hotel development and management, and are actively seeking development opportunities.
PORTLAND, Maine (PRWEB) July 16, 2019
Olympia Hotel Management (OHM) has announced a partnership with Mountain Shore Properties (MSP), a Charleston, South Carolina-based developer who was recently named Developer of the Year by Hyatt as part of Hyatt’s annual owner awards. Olympia won Hyatt’s Operating Excellence Award in 2016.
MSP, which was recognized for its excellent construction quality, efficiency, and hotel development in strategic locations, has decided to focus exclusively on hotel development and has elected to partner with OHM, a leader in distinctive select-service and boutique hotel management.
“We’re excited that an award winning and experienced developer like Mountain Shore Properties has selected us as their partner,” said John Schultzel, SVP of Growth & Strategy for Olympia. “We have a common DNA and a similar track record for creating award-winning properties, and we share a desire to collaborate on premier select service projects going forward.”
As a first step, OHM recently assumed management of three MSP hotels: the Hyatt House Mount Pleasant-Midtown in South Carolina; the Residence Inn Charlottesville Downtown in Virginia; and Hampton Inn & Suites Tallahassee Capitol-University. The partners are currently evaluating projects with Hyatt, Marriott and Hilton.
“We’ve known that management is not what we want to do long term and we were looking for a good fit,” said Stephen Wendell, CEO, Mountain Shore Properties, LLC. “In Olympia, we’ve found a best-in-class management company. Development is what we love and that’s where we can now focus our efforts. We can now look at projects together as a team and evaluate deals and have even more confidence moving forward to do these. Olympia is not your normal management company that plugs in six months out. We like them because they develop as well as manage, and our projects will benefit from that synergy. It’s a partnership that will allow Olympia and MSP to see more development opportunities.”
Together, MSP and OHM have created a solid platform for hotel development and management, and are actively seeking development opportunities.
“Olympia has traditionally worked with properties in the Northeast and Midwest,” added Stephen Wendell. “Mountain Shore Properties has been focused on the Southeast. This type of partnership puts us in a great space from New England all the way to Florida.”
Mountain Shore Properties (MSP) is a real estate development company based in Charleston, South Carolina that is focused on properties that create enduring value for communities and its investors. Founded in 2012 as a successor to related companies formed in the 1970’s, the highly experienced MSP team has led the successful development of hotels, single- and multi-tenant office buildings, industrial buildings, mixed-use apartment/retail buildings, and single-family homes in 25+ cities across 8 different states, specializing in optimal locations that have high barriers to entry. They have developed or are currently developing 26 hotels to date, including select service properties by Hampton Inn, Hampton Inn & Suites, Hyatt House, Hyatt Place, Marriott Courtyard, and Residence Inn. Mountain Shore Properties, Charleston- http://www.mountainshoreproperties.com/
Olympia Hotel Management (OHM) is celebrating 50 years of hospitality management in the U.S. Currently working with a portfolio of 26 properties nationwide, OHM is known for managing a new breed of customized campus hotels such as The Alfond Inn at Rollins; independently-owned luxury boutique hotels like The Glen House, SOPHY® and Inn by the Sea; and receiving multiple best-in-class awards for its work with such select-service brands as Wyndham, Hyatt Place, Hilton Garden Inn and Hampton Inn. For more information, visit https://theolympiacompanies.com/services/hotel-management/