Rim Partners with J. P. Morgan and Acquires Hilton Garden Inn
JUNE 19, 2007. Rim Hospitality and J.P. Morgan have announced the purchase of the 278-room Hilton Garden Inn San Francisco/Oakland Bay Bridge in Emeryville, California.
The hotel is nestled on the waterfront at the foot of the San Francisco Bay Bridge in the heart of Emeryville, California. The hotel boasts breathtaking views of the San Francisco skyline and the Berkeley Hills. The hotel has recently undergone an extensive $18 million renovation of all guest rooms, public areas, meeting space, and fitness center.
Mark Burden, President & CEO, commented, "We are proud to be partnering with a prominent company like J.P. Morgan whose values and goals align nicely with those of Rim Hospitality and we look forward to building a long-term relationship with them."
According to Mark LeBlanc, Senior Vice President of Development, "With the purchase of the Hilton Garden Inn Rim Hospitality is on track to exceed its rapid growth goals. The company will continue to concentrate on opportunities to add more Hilton and other major branded hotels to its portfolio in the U.S. and Canada."
Rim Hospitality currently has under contract 30 hotels with both private and institutional ownership. Rim has been in the hospitality industry for over 23 years managing branded and boutique hotels. As a developer, Rim has built over 13 hotels from the ground up and has performed major renovations in countless others. With extensive experience in full-service, select-service, resort and boutique properties, Rim has become a preferred management company for most of the major brands and proudly ranks in the top 50 hotel management companies.
The seller was represented by John Strauss of Jones Lang LaSalle.
Marriott International, Inc. (NASDAQ: MAR) is a global leading lodging company based in Bethesda,Maryland, USA, with more than 4,200 properties in 80 countries and territories. Marriott International reported revenues of nearly $14 billion in fiscal year 2014. The company operates and franchises hotels and licenses vacation ownership resorts under 19 brands, including: The Ritz-Carlton®, BVlgari®, EDITION®, JW Marriott®, Autograph Collection® Hotels, Renaissance® Hotels, Marriott Hotels®, Delta Hotels and Resorts®, Marriott Executive Apartments®, Marriott Vacation Club®, Gaylord Hotels®, AC Hotels by Marriott®, Courtyard®, Residence Inn®, SpringHill Suites®, Fairfield Inn & Suites®, TownePlace Suites®, Protea Hotels® and MoxyHotels®. Marriott has been consistently recognized as a top employer and for its superior business ethics. The company also manages the award-winning guest loyalty program, Marriott Rewards® and The Ritz-Carlton Rewards® program, which together surpass 50 million members. For more information or reservations, please visit our website at 
