Chesapeake Hospitality Adds Two Sarasota Hotels to Management Portfolio
GREENBELT, MD., November 26, 2013—Greenbelt, Md.-based Chesapeake Hospitality, one of the country’s fastest growing third-party hotel management companies, announced today that it has taken over management of the Hilton Garden Inn Sarasota-Bradenton Airport and the Hampton Inn Sarasota I-75 Bee Ridge, both located in Sarasota, Fla. Kim Sims, president of Chesapeake Hospitality, made the announcement.
“Chesapeake Hospitality is extremely pleased to add these properties to our portfolio,” said Sims. “Not only because they are great hotels with unlimited growth potential, but also because this acquisition demonstrates that our results-focused hotel management approach resonates with owners nationally and continues to open doors for our team,” said Sims. Chesapeake officially took over management of the properties on Thursday, Nov. 21.
Both the 115-room Hilton Garden Inn and the 121-room Hampton Inn offer guests heated outdoor pools, complimentary WiFi, 24-hour business centers and PURE allergy friendly rooms. The central locations of the properties also provide easy access to many of Southwest Florida’s premiere attractions.
Though the Hilton Garden Inn Sarasota-Bradenton Airport lobby was recently updated to fit the national brand’s “project grow” initiative, under Chesapeake’s management, both hotels will undergo additional updates for the extensive new product improvement plan (PIP) totaling around $3 million.
The addition of these properties to Chesapeake’s portfolio is the latest chapter in the company’s impressive growth story—the company has more than doubled in size by expanding its hotels under management from 11 properties in 2011 to 27 properties today
Headquartered in Greenbelt, Md., just outside of Washington, D.C., Chesapeake Hospitality is a mid-sized, third-party hotel management company with a proven track record in both full- and select-service hotels. Ranked in the top 50 largest independent operators, the company manages properties under the Hilton, Starwood and InterContinental Hotel Group brand families. For additional information, visit the company’s website: www.chesapeakehospitality.com.