Waterford Hotel Group and Maverick Hotels Announce Strategic Merger to Drive Future Growth
Merger Expands Portfolio to More Than 50 Properties, Strengthens Market Position, and Establishes a Pipeline for Continued Expansion
The combined company now manages 50+ properties across New England to the Midwest, including premium Marriott and Hilton-branded hotels.
WATERFORD, Conn. - Waterford Hotel Group, a premier hospitality management company, and Maverick Hotels & Restaurants, a nationally recognized hotel developer and operator, have merged in a strategic partnership to accelerate growth, enhance operational efficiencies, and drive long-term value for hotel owners, investors, and guests. This move brings the combined portfolio to more than 50 properties, strengthening the combined company's position as a leading hospitality management firm and setting the stage for continued expansion.
Last year, we set an ambitious goal to reach 50 hotels within two years — a milestone we have now surpassed. This merger marks an exciting new chapter for Waterford and Maverick, strengthening our ability to drive performance, expand recognition, and fuel long-term growth. Len Wolman, Chairman and CEO of Waterford Hotel Group
Maverick properties span New England to the Midwest, with a significant concentration in Chicago. Waterford already has a well-established presence in the Eastern U.S. and a growing footprint in the South Central and Midwest regions. The newly added properties complement the company's existing portfolio, which includes full-service hotels, convention centers, and boutique inns. Notable additions include premium Marriott and Hilton-branded hotels, and charming New England inns, further diversifying Waterford's managed properties.
The merger enhances the combined company's ability to compete with leading hospitality management firms, expanding its operational scale, brand diversity, and geographic reach. With a strong development pipeline, the company is actively pursuing new acquisitions, management contracts, and redevelopment projects in high-demand markets.
This merger allows us to build on our collective achievements while unlocking even greater opportunities. Waterford's proven track record in hospitality management, combined with our shared commitment to excellence, makes this a powerful combination. We are well-positioned to expand our footprint, strengthen our competitive edge, and create greater value for owners and investors. Robert Habeeb, Founder and CEO of Maverick Hotels & Restaurants
The merger also brings new career growth and leadership development opportunities for associates across both organizations. Waterford and Maverick share a people-first philosophy, recognizing that engaged, well-trained teams drive exceptional guest experiences. Together, the companies are positioned for sustained growth in the evolving hospitality landscape.
About Maverick Hotels & Restaurants
Maverick Hotels & Restaurants, based in Chicago, Illinois, is known for its innovative, results-driven approach to hospitality, particularly in culinary programming, boutique hotels, and full-service resorts. Maverick specializes in maximizing property value and delivering unique guest experiences. For more information, visit www.maverickhotelsandrestaurants.com.