Pillar Hotels & Resorts to Manage Three New Summit Properties
Monday July 14th, 2014 - 11:35AM O
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AUSTIN, TX—Summit Hotel Properties, Inc. has named Pillar Hotels & Resorts the new management company for three recently acquired Southern California assets: Hampton Inn & Suites – San Diego (Poway), CA; Hampton Inn & Suites – Ventura (Camarillo), CA; and Hampton Inn – Santa Barbara (Goleta), CA.
“We are delighted to expand our relationship with Pillar,” said Craig Aniszewski, EVP and COO of Summit Hotel Properties. “We are confident the combination of experience and expertise among their team and our asset management team will help drive continued performance improvements while capturing the embedded growth among these properties and creating shareholder value.”
The company previously had four hotels under Pillar Hotels & Resorts management. Pillar will now manage seven hotels with a total of 719 guestrooms for the company.
Tags: Summit Hotel Properties • Inc. • Pillar Hotels & Resorts • Hospitality • Management Companies •
When you hear all the lodging industry projections for the months and years to come, much of the robust growth is forecast to be the result of the expected influx of travelers from China. In what could only be seen as good news for the industry, that expectation moved a little closer to reality when President Obama signed a visa waiver extension for Chinese travelers earlier this month.