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Hostmark Expands with Twelve New Properties
Hostmark Hospitality Group, one of the nation’s largest third-party hotel management companies, has announced the addition of twelve hotels to its current management portfolio.
Located in Midwest markets in the states of Illinois, Michigan, Missouri and Wisconsin, the hotels represent Hilton, IHG, Carlson, Wyndham, Choice, Best Western and independent brands. Hostmark Hospitality Group was chosen as manager because of its lengthy experience with repositioning assets and will implement operational improvements to maximize short term cash flow and build long term value of the properties.
“The expertise of Hostmark’s onboarding and operations teams was clearly on display with twelve successful acquisitions in just eight weeks,” stated Jerome Cataldo, President. “With our extensive transition experience and resources, owners and lenders know that Hostmark can deliver on its promises to provide seamless conversion to new management, assess property and staff strengths objectively and quickly discern modifications needed to create a successful and profitable environment.”
In addition, Hostmark’s suite of specialized programs appeals to owners seeking innovative solutions to traditional hospitality challenges. Forward-focused systems include ProfitMark (http://www.hostmark.com/
About Hostmark Hospitality Group:
Hostmark Hospitality Group is a leading hospitality management firm with consistent leadership spanning more than four decades, operating upscale full service hotels, independent boutique hotels, luxury resorts, focused service hotels, attractions and concept restaurants worldwide. Headquartered in Schaumburg, IL, with offices in Miami, FL; Denver, CO; and Cairo, Egypt, Hostmark Hospitality Group is an award-winning operator of Marriott, Hilton, Intercontinental Hotels Group, Starwood and Wyndham Hotels. Hostmark Hospitality Group has a proven longstanding reputation for delivering superior results through forward focused ingenuity and exceptional asset management. http://www.hostmark.com