Aimbridge Hospitality Experienced Record Growth in 2010
Company celebrates a successful year and ramps up for growth in 2011
February 9, 2011 - Although the hospitality industry has had a challenging year, Aimbridge Hospitality ended 2010 with a very strong portfolio growth. The nation's leading independent hotel investment and management firm reports 18 deals were executed this year, including one resort in the Caribbean.
Additions in 2010 include three Hyatt hotels in suburban Chicago, Illinois; three Sheraton hotels in Jacksonville, Florida, Metairie, Louisiana and Orlando, Florida.; a Hyatt hotel in Tulsa, Oklahoma; an Embassy Suites Hotel in Dallas, Texas; a Cambria Suites in Roanoke, Virginia; an Element hotel in Omaha, Nebraska; the Windsor Court Hotel in New Orleans, Louisiana; a Hilton Garden Inn in Dubuque, Iowa; The Plantation Golf Resort & Spa in Crystal River, Florida; and The Jewel Dunn's River Beach Resort & Spa in Ocho Rios, Jamaica.
Despite a challenging year for hospitality, Aimbridge Hospitality produced RevPAR Index improvement in excess of 7% in 2010.
“The growth we achieved in 2010 is a testament to Aimbridge Hospitality's effectiveness as an owner operator,” said Dave Johnson, President and Chief Executive Officer of Aimbridge Hospitality. “We continue to attract numerous investors and owners seeking management partners due to our company's outstanding performance.”
Brand maximization, property positioning and sales and marketing are the three strategic components behind the rapid success of Aimbridge. The company started in 2003 with eight hotels, expanding rapidly to own or manage over 70 branded and independent properties across the United States.
For more information, please visit www.aimbridgehospitality.com.
About Aimbridge Hospitality
Aimbridge Hospitality is one of the nation's leading independent hotel investment and management firms with a proven track record for delivering superior returns for its strategic partners in a variety of markets and economic cycles. Aimbridge provides management, asset management, development, renovation and consulting services. Based in Dallas, Texas, Aimbridge currently owns and/or manages over 70 upscale, independent and branded hotels with nearly 11,000 rooms across the United States and the Caribbean, including such affiliations as Marriott, Hilton, Embassy Suites, DoubleTree, Hilton Garden Inn, Hampton Inn & Suites, Aloft, Hyatt, Wyndham and the Phoenix Inn Suites chain of hotels. For more information on Aimbridge Hospitality, please visit www.aimbridgehospitality.com.
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