August 18, 2020
Aimbridge Hospitality Portfolio Expansion Continues
Aimbridge Hospitality, the leading, global, third-party hotel management company with more than 1,400 branded and independent properties across 49 states and 20 countries, is continuing to expand with new additions to its portfolio across all verticals.
Since March 2020, Aimbridge Hospitality has added more than 40 properties with over 5,000 guest rooms to its portfolio in addition to over 30 properties in the pipeline as of August 15, 2020.
CEO Dave Johnson said, "We are excited about our robust portfolio growth and look forward to a continued positive trajectory."
The new additions to Aimbridge's managed portfolio represent the full range of hospitality verticals. Highlights include the full service Hilton Boston Downtown Faneuil Hall, extended stay Hyatt Place and Hyatt House dual brand property in Chicago, a unique conversion of the historic Cook County Hospital, destination resort The Murieta Inn & Spa with luxury style, and the select service Holiday Inn Express Amsterdam-North Riverside, The Netherlands - the largest Holiday Inn Express in Europe.
Aimbridge Hospitality, which merged with Interstate Hotels & Resorts in late 2019, has worked tirelessly to create new procedures and initiatives to confront the challenges the year has presented, including cost containment measures, mutually beneficial brand partnerships, new strategies to drive revenue, and the formation of a nonprofit entity, Aimbridge Aid, aimed at providing financial assistance to its employees.
"The growth to our portfolio reflects the benefits of Aimbridge's scale to owners and our operating acumen across all of the verticals," added Aimbridge's Global President Mike Deitemeyer.