HHM Transitions Twenty-Five Premier Marriott and Hilton Hotels with Four New Institutional Clients

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The newly added hotels come with long-term stable management agreements for nearly 4,000 rooms across various Marriott and Hilton brands.

Metadata

Provider:

GlobeNewswire, Inc.

Retrieved on:

Tuesday, March 8, 2022

Information

Tags:

Rittenhouse Hotel, HHM, The Joule Hotel, Growth, GLOBE, Humble Oil Building, Real estate investment trust, Hotel

Geotags:

PHILADELPHIA, PA, FORT LAUDERDALE, FLORIDA, BOSTON, CHICAGO

Organisation:

HHM

Summary

Key Points:

The newly added hotels come with long-term stable management agreements for nearly 4,000 rooms across various Marriott and Hilton brands.
These properties are strategically located in and around existing HHM markets like Denver, Austin, Tampa, Fort Lauderdale, and Chicago while adding hotels in new HHM markets such as Salt Lake City, Louisville, and Omaha.
The past two years have presented meaningful opportunities for net growth at HHM, which has added over 65 hotels, including 20 hotels driven by its investment platform.
HHM today operates over 185 hotels across 30 states for nearly 25 institutional owners.

Philadelphia, PA, March 08, 2022 (GLOBE NEWSWIRE) -- HHM has integrated 25 premium-branded, full service, select service, and extended stay hotels into its managed portfolio of 185 hotels from coast to coast. The newly added hotels come with long-term stable management agreements for nearly 4,000 rooms across various Marriott and Hilton brands. These properties are strategically located in and around existing HHM markets like Denver, Austin, Tampa, Fort Lauderdale, and Chicago while adding hotels in new HHM markets such as Salt Lake City, Louisville, and Omaha.

Notably, this managed portfolio expansion adds three publicly traded real estate investment trusts (REITs) that have not worked with HHM in the past, plus a leading private equity firm to its roster of highly stable and institutional owners.

The past two years have presented meaningful opportunities for net growth at HHM, which has added over 65 hotels, including 20 hotels driven by its investment platform. HHM today operates over 185 hotels across 30 states for nearly 25 institutional owners.

“We are equal parts humbled and motivated by this new opportunity,” HHM President and CEO Naveen P. Kakarla said, “all the while knowing that growth is a privilege and a direct result of our prior results and positive reputation in the marketplace. We are enthusiastic about and super focused on our early work with these four new owners and partners, each of whom presents growth and career opportunities for HHM and our team members.”

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About HHM
Philadelphia-based HHM is an award-winning hotel management and investment company that operates over 185 full-service and select-service hotels across 30 states and in virtually every major hospitality market from coast to coast. HHM is a leading manager of Marriott and Hilton hotels, while also operating over 30 independent hotels ranging from The Rittenhouse Hotel in Philadelphia to The Joule Hotel in Dallas to The Whitney Hotel in Boston. HHM’s highly experienced operating team is known for being nimble, accountable, and entrepreneurial in how they drive market-leading results for owners including publicly traded companies, private equity firms, and family office investors. Additional information on HHM can be found at hhmhospitality.com.

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