Hotel Equities Expands Portfolio in Texas and Florida with Management of Two Wyndham Branded Hotels
April 8, 2014 8:35am
The firm's eleventh management contract in Florida marks its first in the booming Orlando market. For its entry into the state of Texas, the firm was tapped for a new-build property set to open later this month.
"We are thrilled to add our first hotel in the state of Texas," said Joe Reardon, Vice President of Business Development for HE. "Cotulla and LaSalle County are the site of one of the largest economic booms in Texas history as drilling for oil and natural gas increases. The hotel is ideally positioned and well-appointed to meet the demand."
"Florida has been a great market for our firm and we've delivered excellent results for our investors in the state," said Reardon. "We are elated to branch out into the Orlando market as the ownership group we partnered with will continue strong growth in the area."
The Orlando hotel holds a strategic location on International Drive within easy reach of Universal Studios, SeaWorld, Wet 'n Wild and Disney World, as well as world-class shopping and dining.
Hotel Equities (HE) is an Atlanta-based full-scale hotel management, development and consulting firm. Frederick W. Cerrone, CHA, serves as President and CEO. HE presently has more than 45 properties in its portfolio. For more information, visit www.hotelequities.com.
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Contact: Margaret M. Jones, Director of Public Relations
Contact: Brad Rahinsky, Chief Operating Officer
678.578.4444, x 22
Contact: Joe Reardon, Vice President of Business Development
678.578.4444, x 23
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