PMHS Adds Two Contracts as Part of Expansion Plan
Monday March 25th, 2013 - 11:45AM O
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WASHINGTON, DC—PM Hospitality Strategies (PMHS), a hotel management and joint-venture investment company, recently signed two hotels to its management portfolio, the first step in a new expansion program.
According to the company, it plans to add 5-10 hotels in 2013, focusing on third-party management contracts with strong institutional investors. Properties it is looking for include premium-branded, full-service, select-service and extended-stay hotels located in urban and suburban areas. “There are opportunities for smart development, and we have a number of viable, shovel-ready projects in our development pipeline,” Joseph Bojanowski, PMHS president, said in a statement.
“The first step in our new growth strategy was to add significant bench strength to our senior management team last year in both full-service and select-service hotels,” he continued. “We have the infrastructure in place to comfortably absorb additional hotels while continuing to expand economic returns for our existing 20-hotel portfolio.”
The new properties are both located in the Washington, DC Metro area.
The 87-room Hampton Inn, Potomac Mills/Woodbridge recently completed a comprehensive refresh program. Amenities include a fitness center and swimming pool, as well as a refrigerator and microwave in each room.
The 84-room Fairfield Inn and Suites by Marriott, Dulles Airport Chantilly offers a swimming pool, fitness facilities, business center, complimentary high-speed Internet and free breakfast.
Tags: • Hospitality • Management Companies •
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