Hotel Equities Expands Portfolio in Texas and Florida
Tuesday April 8th, 2014 - 9:14AM O
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ATLANTA—Hotel Equities has been selected to manage two Wyndham branded hotels, one property on International Drive in Orlando and a new hotel in Southwest Texas.
The Atlanta-based firm’s eleventh management contract in Florida marks its first in the Orlando market. For its entry into the state of Texas, the firm was tapped for a new-build property set to open later this month.
“We are thrilled to add our first hotel in the state of Texas,” said Joe Reardon, VP of business development for Hotel Equities. “Cotulla and LaSalle County are the site of one of the largest economic booms in Texas history as drilling for oil and natural gas increases. The hotel is ideally positioned and well-appointed to meet the demand.”
“Florida has been a great market for our firm and we’ve delivered excellent results for our investors in the state,” said Reardon. “We are elated to branch out into the Orlando market as the ownership group we partnered with will continue strong growth in the area.”
Tags: Hotel Equities • Hospitality • Management Companies •
The theme of this year’s ALIS conference was “Don’t Worry, Be Happy.” But, lets face it, there are always going to be some people who aren’t happy unless they are worried about something—whether it’s the Fed potentially raising interest rates or that the price of oil is now too low, threatening to cripple the economies of some foreign nations.