Rim Hospitality Acquires Wyndham Garden Hotel in Pleasanton, CA
Planning Conversion to a Sheraton
MODESTO, CA, December 23, 2005. Rim Hospitality, a Modesto California based hotel management and development company announced today that it has purchased the Wyndham Garden Hotel in Pleasanton, California. Rim's partner in this transaction is Angelo, Gordon & Co.
The purchase of this full service hotel, according to Mark Burden, CEO of Rim, is an important step in Rim's overall growth strategy, "Pleasanton," Burden noted, "is a dynamic growing community tied to the upswing of the Bay Area economy". The hotel will continue to operate as a Wyndham Garden for the immediate future, but will eventually be converted to a Sheraton.
In addition during the past week, according to Mark LeBlanc, Rim's senior vice president for development, the company has received contracts to manage two other hotels: The 109 room Hampton Inn and Suites in Truckee, California and the 58 room La Quinta Inn and Suites in Deming, New Mexico the second hotel for Rim in New Mexico.
The Wyndham Garden Hotel in the second property Rim has purchased in partnership with Angelo, Gordon & Co., the first being the Holiday Inn in Emeryville California which is being converted to a Hilton Garden Inn. Mark Burden said "We are most pleased with our association with Angelo, Gordon & Co. We are actively seeking other similar opportunities with the aim of building a long-term relationship with this fine firm".
Rim Hospitality manages full service, select service, resort and boutique properties affiliated with national brands including Sheraton, Hilton Garden Inn, Courtyard, Fairfield Inn & Suites, and Residence Inn by Marriott, Holiday Inn, as well as luxury boutique hotels including the Heathman Hotel in downtown Portland Oregon which has won the Conde Nast top 100 hotels in the U.S. for three years and was recently named among the top 500 hotels in the world.
In taking over management of these three hotels Rim will install its proprietary HomeOffice2, system which tracks revenue management, fully integrated real-time payroll, hotel revenue data collection & reporting, and effective training programs.
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