News for the Hospitality Executive
Sage Hospitality Continues as Manager of the Hilton College
Conference Center in College Station, Texas and Assumes
Management of 5 Additional Encore Owned Hotels
October 12, 2010 (Denver, CO) – Sage Hospitality, an established leader in hotel management, development and ownership, announced today that the Hilton College Station & Conference Center in College Station, Texas is the first new property to be managed as part of a joint venture announced last month with Encore Hospitality, a subsidiary of Encore Enterprises, Inc.
Dallas-based Encore, a diversified commercial real estate firm, and Denver-based Sage Hospitality, announced last month that they were forming a joint venture to acquire and manage premium brand hotel assets. The Hilton College Station - which Encore recently purchased - is the first hotel in that new partnership. Sage Hospitality has managed the hotel since 2004.
“Sage Hospitality has shown excellent results in managing the Hilton College Station over the past six years; those results were really the catalyst for the creation of this new relationship,” said Encore’s Chairman Dr. Bharat Sangani. “This strategic partnership will combine Sage Hospitality’s strength as a manager with our real estate expertise, allowing us to both to expand our portfolio.”
As part of the joint venture, Sage Hospitality has also assumed the management of Encore’s five other hotel properties -
the Hampton Inn San Antonio Sea World,“We are thrilled to have partnered with Encore as we share the same vision for building a top-notch portfolio of hotels,” said Walter Isenberg, President and CEO of Sage Hospitality. “This is an exciting opportunity to continue to grow and diversify the Sage family.”
The 303-room Hilton College Station, which is located less than two miles from the Texas A&M campus, features 28,000 square feet of meeting space, a large outdoor pool, a state-of-the-art fitness center and the popular Bell Ranch Steakhouse. The property has undergone $3.4 million in renovations since 2004.
About Sage Hospitality
Sage Hospitality is one of the largest privately-held hotel management and development companies in the nation, operating 64 hotels in 26 states with a total of 13,118 guest rooms. Sage owns and/or operates full service, boutique and select service hotels, representing a broad array of major international brands, including Marriot, Renaissance, JW Marriott, Autograph Collection, Westin, Luxury Collection, Sheraton, Hilton, Crowne Plaza, Holiday Inns, Courtyard by Marriott and Hilton Garden Inns. Sage is a leader in sustainability, developing both LEED Gold and LEED Silver certified hotels. Founded in 1984, Sage Hospitality is based in Denver with offices in New York City. For more information on Sage Hospitality, please visit www.sagehospitality.com
About Encore Enterprises
Encore Enterprises, Inc. is a diversified commercial real estate firm with a unique blend of expertise, innovation and efficiency in acquisition, investment, asset management, property management, leasing and development. Founded in 1999, Encore acquires, develops and re-develops mixed use complexes, limited and full service hotels, multi-family projects, retail projects, and manages hotel and luxury vacation condominium resort properties and homeowner associations. Since its inception, Encore has completed over $1 billion of acquisition and development, with a focus on the southern, eastern and Midwestern United States. For more information, please visit www.encore.bz.
|Also See:||Molinaro Koger Structures Sale of Hilton College Station & Conference Center / January 2005|
|JER Partners Sells the 303-room Hilton College Station in College Station, Texas, to an Affiliate of Encore Enterprises / September 2010|