Hotel Equities Adds 13 Hotels, Reorganizes
Thursday January 16th, 2014 - 7:52AM O
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ATLANTA—Hotel Equities added 13 hotels to its portfolio in fourth quarter, including the boutique four-star Wyvern Hotel in Punta Gorda, FL, five La Quinta properties, a Courtyard by Marriott and six other hotels.
"We are encouraged by the solid year-end growth we have achieved as well as the development projects that are under way for 2014,” said Joe Reardon, VP/Marketing and Business Development. To manage the growth, Hotel Equities has reorganized its corporate structure under COO Brad Rahinsky, with the addition of multiple executive positions, including two vice presidents of operations and a vice president of talent and administration. The firm also hired outside talent and promoted veterans from within.
“We have streamlined our organization and put a passionate, award-winning team in place so that we can capitalize on the opportunities available in today’s marketplace,” stated Rahinsky. “By expanding Hotel Equities and taking it to the next level, we leverage our current success and serve our investors, our associates and our guests.”
Tags: Hotel Equities • Hospitality • Management Companies •
For the past few years, the talk of The Lodging Conference in Phoenix had been focused on the economic recovery, solid industry projections and “cautious optimism.” With the word cautious no longer necessary, the economic outlook took a backseat this year to the seemingly unending parade of new lifestyle brands.