News for the Hospitality Executive
WASHINGTON, D.C., March
25, 2013—PM Hospitality Strategies (PMHS), a hotel management
investment company, today announced that it recently signed two hotels
management portfolio, the first step in a new expansion program.
Hampton Inn and Fairfield Inn and Suites-branded properties are located
Washington, D.C. Metro area.
“Our goal is to add 5 to 10 hotels in 2013, focusing on third-party management contracts with strong institutional investors,” said Joseph Bojanowski, PMHS president. “We have extensive expertise in acquisitions, turn-arounds and repositionings, areas in which we expect to see a significant amount of activity over the next several years.”
The new management contracts include:
“The first step in our new growth strategy was to add significant bench strength to our senior management team last year in both full-service and select-service hotels,” Bojanowski noted. “These seasoned veterans have extensive hotel experience in all phases of the hotel economic cycle. We have the infrastructure in place to comfortably absorb additional hotels while continuing to expand economic returns for our existing 20-hotel portfolio.”
PMHS’ growth will focus on premium-branded, full-service, select-service and extended-stay hotels located in urban and suburban areas. “Our management team has operating expertise in all regions of the country, and we will expand geographically to meet the needs of our existing and future clients/partners.”
Bojanowski said that he also expects PMHS to partner with investors to selectively develop new properties as the hotel sector continues to recover. “We’ve overseen the development of more than 20 new hotels in our over 15-year history, all of which have been successful. We have the expertise in site selection, securing permits, obtaining the most appropriate franchise through our strong relationships with the major brands and overseeing construction and pre-opening,” he said. “There are opportunities for smart development, and we have a number of viable, shovel-ready projects in our development pipeline.”
Founded in 1995, PMHS is a third-party hotel management company and joint venture investor. It offers a full range of hotel operating services ranging from accounting to human resources, sales and marketing to information technology.
PMHS also has expertise in development, construction and pre-opening services. The award-winning company currently operates 20 hotels, comprising approximately 2,800 rooms under such leading brands as Hilton, Embassy Suites, Hilton Homewood Suites, Sheraton, aloft, Hilton Garden Inn, Fairfield Inn & Suites by Marriott, Comfort Suites and Comfort Inn.
PMHS is headquartered in Washington, D.C. Additional information about the company may be found at www.pmhs.com.
Daly, Jerry Daly media
/ Pollin Group and PM Hospitality Strategies, Inc. Nearing Completion
of Two Adjacent Hotels Near Dulles International Airport, the 135-room
Hilton Garden Inn and the 136 room aloft; Milan Patnaik Named General
Manager – aloft / April 2008
|The Buccini/Pollin Group Breaks Ground on first of its Kind Two in One Hotel Near Baltimore; The 11-story building will house both a Homewood Suites by Hilton and a Hilton Garden Inn / August 2007|