NEW YORK—Denihan Hospitality intends to fuel long-term growth through both Denihan-branded and third-party hotel management deals, including owners of independent, hard- and soft-branded hotels. The company’s decision to grow its hotel management business will allow it to capitalize on its 55-year history as a hotel manager.
“This strategic growth priority is an outcome of the investments we have made to better capitalize on our deep institutional knowledge, enhanced operating platform and hotel management expertise,” said Patrick Denihan, co-CEO of Denihan Hospitality. “We see significant opportunity to expand this line of business as more hotel owners look to partner with experienced operators who know how to increase long-term value.”
Over the past two years, Denihan has made significant investments in technology and senior personnel to enhance its operating platform, resulting in year-over-year performance improvements in its core hotel portfolio and in new hotel management mandates. The company pointed to its deal with Trammell Crow Company and KochSmith Capital to bring The James brand to Washington, DC. Denihan will brand and manage the 204-room, new-build hotel, which serves as the hotel component of the massive Armature Works development project, under a long-term contract.
Denihan is actively working to execute additional hotel management deals with owners seeking branded management and third-party management services.