Aimbridge Hospitality Expands Portfolio

DALLAS—Aimbridge Hospitality, along with owner Garrison Investment Group, will manage a 15-property portfolio of Pennsylvania and West Virginia hotels. Also, Aimbridge has been awarded the management contract for the new Courtyard by Marriott in Midlothian, TX, to begin construction this month.

Garrison acquired the 15-hotel portfolio, which was originally owned and managed by Kratsa Properties. Aimbridge has a minority investment in the properties.

 

“Garrison Investment Group is proud to acquire this strong portfolio of hotels, and we look forward to working with Aimbridge Hospitality, given the management firm’s proven hotel management skills and success,” said Chuck Pomerantz, managing director of Garrison Investment Group.

The hotels included in the portfolio consist of Marriott, Choice and InterContinental Hotels Group properties in Pennsylvania, and one property in West Virginia.

 

“We are pleased with these additions to our ever-growing hotel-management portfolio. Additionally, we look forward to continuing the ongoing and successful relationship we have established with Garrison Investment Group,” said Dave Johnson, president and CEO of Aimbridge Hospitality.

Meanwhile, the Courtyard by Marriott in Midlothian, TX, developed by Gatehouse Capital Corporation of Dallas, is located adjacent to the Midlothian Conference Center and will feature 105 guestrooms, flexible meeting space, a multisport play court, swimming pool and children’s outdoor play area. An accelerated construction schedule will result in a late 2015 opening.  

 

“Aimbridge Hospitality is delighted to be awarded this opportunity in Midlothian. Gatehouse Capital will deliver an exceptional hotel product to this growing community, and we look forward to partnering with Marriott to provide an exemplary standard of hospitality service in Midlothian,” said Johnson.

“The new Midlothian Marriott Courtyard Hotel meets our company’s core mission—solid market, great brand and design, and catalyst for further economic opportunity,” said Marty Collins, CEO of Gatehouse Capital Corp. “I support the vision and leadership of the Midlothian Community Development Corporation and Midlothian Economic Development. We expect this hotel to expand the functionality of their existing 40,000 sq. ft. conference facility, as well as ignite new business connections throughout the community. We are proud that Aimbridge has been able to join us in yet another hotel opportunity.”