Commune Hotels & Resorts Announces First Thompson Hotel in Pacific Northwest
Thompson Seattle Set to Open in 2016 as Mixed-Use Development
"Our entry into the Seattle market is an exciting moment for the Thompson Hotels brand," said Niki Leondakis, CEO of Commune Hotels & Resorts, the international, multi-brand hotel company which manages and operates Thompson Hotels. "We are fortunate to partner with Touchstone, given the company's strong track record in developing commercial real estate in the area. Our joint efforts on Thompson Seattle will allow us to cultivate an environment that resonates with the local community and provide travelers with an authentic Seattle experience."
"We are confident that our partnership with the teams at Thompson Hotels and Geolo Capital will result in an innovative hotel, residential, and retail property in what is a key area of Seattle's urban community," said Douglas Howe, Principal and President of Touchstone. "Together, we have created a vision that will combine the city's energy and culture into a tangible experience."
About Geolo Capital
San Francisco-based Geolo Capital is the private equity investment arm of the John A. Pritzker family, continuing a four generation unmatched record of creating, investing in and building a diversified portfolio of consumer-focused companies. The Geolo Capital team has a long history of investing in branded consumer companies. From its legacy involvement helping to grow Ticketmaster, to founding Mandara Spa, to the company's recent investment in Carmel Valley Ranch, Geolo Capital's mission is to cultivate enduring, world-class brands in four core industries – hospitality, entertainment, health and wellness, and consumer products. Geolo combines operational expertise, strategic vision, and highly targeted capital to create long-term value for the companies in which it invests. For more information, please visit www.geolo.com.
About Commune Hotels & Resorts
Formed in October 2011, Commune Hotels & Resorts is an international, multi-brand lifestyle hotel management company which manages and operates Thompson Hotels, a luxury lifestyle brand; Joie de Vivre Hotels, a collection of independently branded boutique hotels; and tommie, a new, micro-lifestyle brand launching in 2015. The San Francisco-based company manages more than 40 hotels and resorts across the U.S., Canada, and Europe, and is expanding its portfolio while establishing a presence in Mexico. For more information, please visit www.communehotels.com.