NATIONAL REPORT—Management companies and asset managers have added new properties to their portfolio, with some under construction or planning a renovation.
The Hotel Group to Asset Manage Radisson Red Downtown Portland
The Hotel Group (THG) was selected to provide services for the Radisson Red Downtown Portland project. In its capacity as asset manager, THG will act as the owner’s representative on behalf of owner and developer, Walter Bowen of BMP Real Estate Group. The property is currently under construction and is expected to open this fall as the second Radisson Red in the United States.
Shaner Hotel Group to Manage Château Élan Hotel & Conference Center
Shaner Hotel Group will take over operations of the 123-room Château Élan Hotel & Conference Center.
“We plan on leaning on Shaner to use their experience and contacts in the hospitality industry to bring new and creative ideas to Château Élan,” said Rick Humphrey, VP of IMSA Properties. “The Château Élan will benefit from the economies of scale and best practices afforded by Shaner’s additional hotels in Florida. The hotel also will make use of Shaner resources for an expanded reach for events and other meetings that are taking place in the state.”
New Owner & Management for Brown Palace Hotel and Spa
The Brown Palace Hotel and Spa has been sold to Crescent Real Estate LLC and has a newly appointed luxury management team, HEI Hotels & Resorts. Crescent plans comprehensive investments that will enhance the property’s 241 guestrooms and Top of The Brown suites.