BOSTON and THE WOODLANDS, Texas – November 18, 2021 – Benchmark Pyramid has added 34 hotels to its management portfolio in recent months, as the company sees a surge of demand across all areas of its business in both acquisitions and new management contracts. The new properties in the U.S. include both select- and full-service brands by Marriott, Hilton and IHG, and range in location from Michigan to Texas. In Europe, additions to the portfolio have included three English properties: Staverton Estate in Daventry, Yotel in Manchester, and London EDITION in the capital. Benchmark Pyramid has also taken on new assignments in Spain’s Mallorca, Ibiza and Barcelona for an additional 12 hotels. Today’s news brings Benchmark Pyramid’s worldwide portfolio to more than 230 properties in the U.S., Caribbean and Europe.
Benchmark Pyramid also continues to grow its receivership platform with institutional special servicers and lenders, and being selected for new receivership assignments for both full- and select-service properties in Texas, New York, Pennsylvania, Michigan and Florida.