Aimbridge Hospitality expands portfolio with addition of 15 hotels
Hotel management firm to manage 15 properties owned by Garrison Investment Group
Aimbridge Hospitality, along with owner Garrison Investment Group, announces it will manage a 15-property portfolio of Pennsylvania and West Virginia hotels.
With this acquisition, Garrison Investment Group and Aimbridge Hospitality continue their successful partnership. Garrison acquired the portfolio, which was originally owned and managed by Kratsa Properties. Aimbridge has a minority investment in the properties.
"Garrison Investment Group is proud to acquire this strong portfolio of hotels, and we look forward to working with Aimbridge Hospitality, given the management firm's proven hotel management skills and success." Chuck Pomerantz, Managing Director of Garrison Investment Group
The fifteen hotels included in the portfolio consist of Marriott, Choice and InterContinental Hotels Group properties in Pennsylvania, and one property in West Virginia.
"We are pleased with these additions to our ever-growing hotel management portfolio. Additionally, we look forward to continuing the ongoing and successful relationship we have established with Garrison Investment Group." Dave Johnson, President and CEO of Aimbridge Hospitality
For more information, please visit www.aimbridgehospitality.com.
About Garrison Investment Group
Garrison Investment Group is a leading U.S. credit and asset-based investor with $3.5 billion of assets under management. The firm invests across a wide range of asset classes including middle market corporate loans, commercial and industrial loans, consumer loans, and commercial real estate. Garrison is based in New York and has a team of 79 employees (46 investment professionals).
Aimbridge Hospitality
Aimbridge Hospitality is a leading global hospitality management company with a growing hotel portfolio representing more than 1,500 properties under contract in 20 countries. As a top hotel management company and trusted operator of over 80 lodging brands and distinctive luxury and lifestyle assets, Aimbridge leverages its scale and operational excellence to consistently deliver results for hotel owners and offer unparalleled opportunities for associates around the globe. Aimbridge adds value through focused, expertise-driven operating divisions in Full Service, Evolution Lifestyle, Enhanced Select Service, and Select Service, optimizing owners' investment returns and driving hotel market success. The Aimbridge EMEA Division has supporting offices across Europe in Amsterdam, Birmingham, and Glasgow. The Aimbridge LatAm Division has offices in Monterrey and Mexico City. Aimbridge Hospitality's global headquarters is based in Plano, Texas. To learn more, visit www.aimbridgehospitality.com. Connect with Aimbridge on LinkedIn.
Kellie McCrory
MCA Public Relations
+1 214 654 0402
Aimbridge Hospitality