Hostmark Adds Candlewood Suites
OCTOBER 12, 2009 - Hostmark Hospitality Group, one of the nation's largest third-party hotel management companies, was selected to be the third-party operator for the Candlewood Suites in Colorado Springs, CO. The firm's continued growth is testament to the confidence clients have in the company's depth of experience and capabilities to successfully transition distressed assets.
The Candlewood Suites Hotel in Colorado Springs is an all-suites, extended-stay hotel nestled among the largest of Colorado Springs' employers, including the US Air Force Academy, Fort Carson, Peterson Air Force Base, Boeing and Intel. Located just 2 miles from Interstate 25 and the Phil Long Expo Center, the hotel is only 20 minutes from both downtown and Colorado Springs Airport. Hostmark Hospitality Group has applied their extensive experience with distressed assets in creating a tailored program called SOS (Stabilize, Operate, Sell).
"The SOS program begins with a comprehensive property assessment, stabilizing the human capital and demand variables," says Jerome Cataldo, Hostmark President, "leading to evaluation and recommendations for the property's physical plant; hotel operations and marketing; creation of a detailed operating budget; formulation of an appropriate business plan; plus staff assessment and alignment."
"The vast network of investor relationships that the firm has cultivated often introduces a qualified buyer to the equation," mentions Cataldo, concluding that, "operating a distressed asset requires a proven skill set that addresses the unique situation and returns asset value."
Hostmark Hospitality Group (www.hostmark.com) is a leading hospitality management firm operating upscale full service hotels, resorts, focused service hotels and restaurants worldwide.
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 
