Kemmons Wilson

Virtus merges with Kemmons Wilson Insurance Group to create Top 100 broker

Retrieved on: 
Thursday, July 21, 2022
Professional Services, Insurance, Lodging, Finance, Consulting, Travel, Banking, Kemmons Wilson, Acquisition, Specialization, Insurance, Industry, Commercial, Culture, Partnership, Holiday Inn, Philosophy, Technology, Virtus, Growth, Employee benefits, Health insurance

Virtus LLC, a Kansas City-based insurance brokerage and consulting firm, today announced a partnership with Kemmons Wilson Insurance Group LLC (KWIG), a Memphis-based agency focused on the hotel, hospitality and lodging sector.

Key Points: 
  • Virtus LLC, a Kansas City-based insurance brokerage and consulting firm, today announced a partnership with Kemmons Wilson Insurance Group LLC (KWIG), a Memphis-based agency focused on the hotel, hospitality and lodging sector.
  • The Wilson family will continue to hold a seat on the Virtus Board as part of the transaction.
  • Both Virtus and KWIG put tremendous emphasis on company culture and will continue to focus on attracting and developing world class insurance talent.
  • In 1952, Kemmons Wilson Insurance Group was established with a focus on supporting Holiday Inn hotels also founded by Kemmons Wilson, as well as the other portfolio companies of its parent company, Kemmons Wilson Companies.

Sotherly Hotels Inc. Completes Refinance of Tampa, FL Hotel; Proceeds Used to Pay Off Corporate Debt

Retrieved on: 
Wednesday, June 29, 2022
Acquisition, Kemmons Wilson, REIT, Hotel Alba Caracas, GLOBE, Hyatt, Growth, Company, Hilton Worldwide, Investment, SOFR, Health, NASDAQ, SOHO, Fifth Third Bank, Bank

Proceeds from the loan, combined with existing corporate cash, were used to repay of the remainder of the Kemmons Wilson secured note.

Key Points: 
  • Proceeds from the loan, combined with existing corporate cash, were used to repay of the remainder of the Kemmons Wilson secured note.
  • Sotherly Hotels Inc. is a self-managed and self-administered lodging REIT focused on the acquisition, renovation, upbranding and repositioning of upscale to upper-upscale full-service hotels in the Southern United States.
  • The Company owns hotels that operate under the Hilton Worldwide and Hyatt Hotels Corporation brands, as well as independent hotels.
  • Sotherly Hotels Inc. was organized in 2004 and is headquartered in Williamsburg, Virginia.

Sotherly Hotels Inc. Completes Sale of Raleigh, NC Hotel, Partially Repays Corporate Debt

Retrieved on: 
Tuesday, June 14, 2022
Optimism, DoubleTree, Company, COVID, EBITDA, SOHO, Kemmons Wilson, REIT, Investment, Sale, GLOBE, Health, Acquisition, NASDAQ, Hyatt, Hilton Worldwide, Hotel

We are extremely pleased to complete the sale of the DoubleTree by Hilton Raleigh Brownstone, noted Dave Folsom, Chief Executive Officer of Sotherly.

Key Points: 
  • We are extremely pleased to complete the sale of the DoubleTree by Hilton Raleigh Brownstone, noted Dave Folsom, Chief Executive Officer of Sotherly.
  • The sale represents a transformative event for the Company, as it significantly reduces mortgage debt, repays expensive corporate leverage, while simultaneously removing near term capex required for life cycle improvements at the hotel.
  • Sotherly Hotels Inc. is a self-managed and self-administered lodging REIT focused on the acquisition, renovation, upbranding and repositioning of upscale to upper-upscale full-service hotels in the Southern United States.
  • The Company owns hotels that operate under the Hilton Worldwide and Hyatt Hotels Corporation brands, as well as independent hotels.

Holiday Inn Club Vacations Wins 14 ARDA Awards

Retrieved on: 
Thursday, May 5, 2022
Innovation, Company, Walt Disney World, Program, Industry, History, Walt Disney, Marketing, ARDA, Growth, Kemmons Wilson, Orange Lake, Acquisition, Multimedia, Hotel

ORLANDO, Fla., May 5, 2022 /PRNewswire/ -- Holiday Inn Club Vacations Incorporated , a national vacation ownership company, announced today that it won 14 American Resort Development Association (ARDA) Awards.

Key Points: 
  • ORLANDO, Fla., May 5, 2022 /PRNewswire/ -- Holiday Inn Club Vacations Incorporated , a national vacation ownership company, announced today that it won 14 American Resort Development Association (ARDA) Awards.
  • "Bringing home so many ARDA Awards speaks to the team's unwavering commitment to our mission of becoming the most loved brand in family travel," said Tom Nelson, Chief Executive Officer at Holiday Inn Club Vacations Incorporated.
  • In total, Holiday Inn Club Vacations received 14 ARDA Awards:
    Sarah McNairn Legal and Regulatory Manager, Team Member or Team Award
    Holiday Inn Club Vacations is currently hiring for hundreds of roles across its offices and network of resorts.
  • Today, the Holiday Inn Club Vacations resort portfolio spans across the United States.

John Muehlbauer Appointed CEO of the IHG Owners Association

Retrieved on: 
Tuesday, January 12, 2021
Hospitality industry, Tourism, Travel, Denham, Buckinghamshire, InterContinental Hotels Group, Holiday Inn, IHG, Intercontinental, Kemmons Wilson, Hotel, IHG Army Hotels

ATLANTA, Jan. 12, 2021 /PRNewswire/ -- The IHG Owners Association , which represents the interests of IHG (InterContinental Hotels Group) franchise hotel owners worldwide, announced today that John Muehlbauer has been appointed to the role of chief executive officer.

Key Points: 
  • ATLANTA, Jan. 12, 2021 /PRNewswire/ -- The IHG Owners Association , which represents the interests of IHG (InterContinental Hotels Group) franchise hotel owners worldwide, announced today that John Muehlbauer has been appointed to the role of chief executive officer.
  • Muehlbauer will continue to uphold the Association's mission of maximizing owners' investments in their IHG-branded hotels.
  • Berg will remain with the Association as a consultant for the next six months to ensure a smooth, uninterrupted transition.
  • TheIHG Owners Association, originally established by Holiday Inn founder Kemmons Wilson in 1955, was the first association of its kind in the hotel industry.

Holiday Inn Club Vacations Expands Williamsburg Resort

Retrieved on: 
Monday, October 7, 2019
Walt Disney Parks and Resorts, Holiday Inn, Hospitality industry, Florida, Walt Disney World, Timeshare, Resort, Kemmons Wilson, Greater Orlando, Diamond Resorts, Disney Springs Resort Area

ORLANDO, FLA., Oct. 07, 2019 (GLOBE NEWSWIRE) -- Holiday Inn Club Vacations Incorporated, a national vacation ownership company, today announces the opening of a new four-story building at its Holiday Inn Club Vacations Williamsburg Resort.

Key Points: 
  • ORLANDO, FLA., Oct. 07, 2019 (GLOBE NEWSWIRE) -- Holiday Inn Club Vacations Incorporated, a national vacation ownership company, today announces the opening of a new four-story building at its Holiday Inn Club Vacations Williamsburg Resort.
  • With an ideal location near the top family travel destination of Colonial Williamsburg, the resort offers many family-friendly amenities.
  • Holiday Inn Club Vacations Incorporated encompasses 28 resorts and more than 7,600 villas in the U.S., with more than 350,000 timeshare owners and 5,000+ employees.
  • Established by Holiday Inn founder Kemmons Wilson, the Company has been a leader in the vacation ownership industry since 1982, when it opened its flagship property, Holiday Inn Club Vacations at Orange Lake Resort in Orlando, Fla., located next to the Walt Disney World Resort.