Spire Hospitality Adds Management of Eight Embassy Suites
Friday January 24th, 2014 - 9:08AM EB
| | | | | | | | | | |
These are shortcuts to your favorite social networking and bookmark sites. Add this story to your Facebook page, del.icio.us, DiggIt, and many others!
CHICAGO—Spire Hospitality was awarded the management of eight Embassy Suites Hotels acquired by AWH Partners, LLC, a privately held, New-York based, real estate investment, development and management firm.
Spire Hospitality will begin a $50-million-plus capital improvement repositioning of these assets to continue their strong performance and to meet the requirements of each hotel’s new 15-year franchise agreement, according to the company.
Bill DeForrest, President/CEO of Spire Hospitality, stated, “The investment that each individual hotel will receive and the strength of the existing associates at these hotels will allow us to continue to build very successful performance at each of these hotels.”
Added Russ Flicker, managing partner of AWH Partners: “We believe Spire will take advantage of our dramatic repositioning plans and strengthen our assets’ performance...."
The Embassy Suites are located in Washington, Oregon, Ohio, Colorado, Michigan and Texas.
Tags: AWH • Spire Hospitality • Embassy Suites • Hospitality • Brands • Acquisitions •
As we begin 2015, and what is expected to be a healthy year for the hotel industry with expansion, progress and innovation as key catalysts for growth, Hotel Business is right on board with that momentum, bringing you, with this issue, our own updated product.