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Business & Finance

Hotel Equities Selected to Manage SpringHill Suites Houston Med Center/NRG Park

ATLANTA, GA. September 14, 2017 - Atlanta-based Hotel Equities has been selected to manage the 190-room SpringHill Suites by Marriott Houston Med Center/NRG Park hotel.

With the addition, Hotel Equities now manages three hotels in metro Houston and 23 in Texas. Quyp Hospitality owns the hotel.

“Our selection to manage a third hotel in metropolitan Houston confirms our ability to deliver outstanding results, exceptional profitability and stellar GSS scores to our owners,” said Joe Reardon, SVP of Business Development and Marketing for Hotel Equities. “The property enjoys the benefits of a vibrant sub-market in Houston that includes the medical center, NRG Park and other demand generators.”

This beautiful SpringHill Suites Houston Medical Center hotel is ideally located in the heart of the Texas Medical Center and NRG Park section of Houston, near NRG Stadium/NRG Park, Hermann Park Zoo and Toyota Center.

“We are extremely pleased to bring this SpringHill Suites by Marriott property into our hospitality portfolio,” said Joe Whalen, President of Quyp Hospitality. We are very excited about getting started on renovating this well-positioned hotel in the Houston market. We have full confidence in our managing partners, Hotel Equities."

The spacious suites promise modern décor upgrades with separate bedroom and living areas that include a mini-fridge and microwave. The meeting room offers the perfect space for gatherings of up to 50 people.

About Hotel Equities

Hotel Equities (HE) is an Atlanta-based full-service hotel ownership, management and development firm operating more than 100 hotels throughout North America. Frederick W. Cerrone, CHA, serves as Founder and Chairman. Brad Rahinsky serves as President and Chief Executive Officer. For more information, visit www.hotelequities.com.

Contact:
Margaret M. Jones
Director of Public Relations
mjones@hotelequities.com
770-934-2170

Coming Up In The December Online Hotel Business Review




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Feature Focus
Hotel Law: Issues & Events
There is not a single area of a hotel’s operation that isn’t touched by some aspect of the law. Hotels and management companies employ an army of lawyers to advise and, if necessary, litigate issues which arise in the course of conducting their business. These lawyers typically specialize in specific areas of the law – real estate, construction, development, leasing, liability, franchising, food & beverage, human resources, environmental, insurance, taxes and more. In addition, issues and events can occur within the industry that have a major impact on the whole, and can spur further legal activity. One event which is certain to cause repercussions is Marriott International’s acquisition of Starwood Hotels and Resorts Worldwide. This newly combined company is now the largest hotel company in the world, encompassing 30 hotel brands, 5,500 hotels under management, and 1.1 million hotel rooms worldwide. In the hospitality industry, scale is particularly important – the most profitable companies are those with the most rooms in the most locations. As a result, this mega- transaction is likely to provoke an increase in Mergers & Acquisitions industry-wide. Many experts believe other larger hotel companies will now join forces with smaller operators to avoid being outpaced in the market. Companies that had not previously considered consolidation are now more likely to do so. Another legal issue facing the industry is the regulation of alternative lodging companies such as Airbnb and other firms that offer private, short-term rentals. Cities like San Francisco, Los Angeles and Santa Monica are at the forefront of efforts to legalize and control short-term rentals. However, those cities are finding it’s much easier to adopt regulations on short-term rentals than it is to actually enforce them. The December issue of Hotel Business Review will examine these and other critical issues pertaining to hotel law and how some companies are adapting to them.