News for the Hospitality Executive
CHARLESTON, SC, February 15, 2012 – Charlestowne Hotels today announces Revenue Per Available Room (RevPAR) results for the lodging properties under its management for the fiscal year ending December 31, 2011.
The hotels under the management of Charlestowne Hotels enjoyed a strong year with RevPAR increasing by more than double the growth average reported for U.S. hotels.
2011 was also marked by growth at Charlestowne Hotels. The company’s portfolio grew by nearly 50%, expanding from 22 to 32 properties, two of which are its first non-East Coast hotels. Its in-house revenue management and marketing team was also expanded to create opportunities to continue growth for partner hotels in 2012.
“I am excited to report our continued RevPAR growth in 2011” said Michael Tall, president and chief operating officer of Charlestowne Hotels “as well as our portfolio expansion, and our recently executed management contract with the developers of the Blackburn Inn and Spa in Staunton, Virginia and a Memorandum of Understanding with the new owners of Melrose Plantation Inn on Daufuskie Island, SC to redevelop and manage that property.”
2012 Financial Highlights
Charlestowne Hotels, Inc. is a full-service hospitality management company offering innovative, yet proven, expertise in hotel development, operational controls, marketing and revenue management, and financial reporting. Founded in 1980, Charlestowne Hotels has become one of the most successful firms in the hospitality industry, and one of the largest hotel management companies in the Southeast.
The company currently works with 32 properties which include the Andrew Pinckney Inn, Best Western King Charles Inn, Best Western Sweetgrass Inn, French Quarter Inn, The Elliott House Inn, The Society House, The HarbourView Inn, The Inn at Middleton Place, Holiday Inn Express Charleston, Holiday Inn Express and Suites Mt. Pleasant, North Charleston Inn, Shem Creek Inn, and the Sleep Inn - all of which are located in the Charleston, SC area; The Palms Hotel - Isle of Palms, SC; Surfside Beach Resort - Surfside Beach, SC; The Oceanfront Litchfield Inn - Pawleys Island, SC; The Phoenix, Greenville’s Inn - Greenville, SC; Springmaid Beach Resort - Myrtle Beach, SC; The Phoenix Greenville’s Inn – Greenville, SC; Lookaway Inn and Rosemary Inn Bed & Breakfast – North Augusta, SC; Sea Trail Golf Resort & Convention Center - Sunset Beach, NC; Planters Inn at Reynolds Square - Savannah, GA; Smithfield Station - Smithfield, VA; Glenstone Lodge – Gatlinburg, TN; Cheeca Lodge & Spa - Islamorada, Florida and Rustic Inn Creekside Resort & Spa and Best Western The Lodge at Jackson Hole - Jackson, WY.
For more information please visit www.CharlestowneHotels.com.
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