A Trio of Management Deals

NATIONAL REPORT—Some of the top management companies in the industry have recently added properties to their portfolios, including Interstate Hotels & Resorts, Aimbridge Hospitality and Benchmark.

Interstate to Manage the Citizen Hotel, Autograph Collection
Interstate Hotels & Resorts has been selected to continue the management of the iconic 196-room Citizen Hotel, Autograph Collection in Sacramento, CA, with a long-term agreement with new hotel owner Cambridge Landmark.

Aimbridge to Manage Frenchman’s Reef Resort on St. Thomas
Aimbridge Hospitality will manage the opening of Frenchman’s Reef Resort on St. Thomas in 2020. Aimbridge will add the resort—owned by DiamondRock Hospitality Company—to its existing portfolio of more than 880 hotels worldwide.

Benchmark Adds Waves Resort Corpus Christi to Portfolio
Benchmark has added Waves Resort Corpus Christi in Texas to its growing portfolio. The resort’s new owner, Diamond Beach Holdings LLC, has already invested more than $15 million in property upgrades, which includes the property’s conference and entertainment facilities, adding more than 30,000 sq. ft. of indoor/outdoor special event, meeting and conference space, outdoor theater and performance stage, and many other planned upgrades. Diamond Beach Holdings LLC, with its parent company, IBC Bank, recognized the importance of this destination resort for the community of Corpus Christi and all it could offer for entertainment and economic development to the area.