Trust Hospitality Born From a Recent Merger
July 7, 2011 - Trust Hospitality, a professional management firm, based in Miami Florida, launched today as a result of a recent merger between Tecton Hospitality/Desires Hotels and Ocean Blue Hospitality. Richard Millard, Chairman and CEO of Trust Hospitality, unveils his number one reason for the merger; Patrick Goddard.
“Patrick brings a wealth of hospitality experience, having worked with industry giants such as Hilton International, Loews Hotels, Rosewood Hotels and Resorts and a plethora of luxurious historic and boutique properties,” added Millard. “He is a visionary and leader, well-respected in the industry and his dynamic-entrepreneurial skills will take the company to the next level.”
“The growing confidence in the economy, well-capitalized investors, and pent-up demand for deals nationally and internationally are on the table in 2011 and beyond, making the timing of the merger ideal,” states Patrick Goddard, the newly minted COO and President of Trust Hospitality. “Plus we offer unique benefits in the industry; our services are tailored to the asset.”
According to the 2010 ITB World Travel Trends Report emerging markets in Asia and South America are driving world economic growth, with China and Brazil showing some of the highest increasing rates for outbound and inbound travel. As host of the 2014 World Cup and the 2016 Olympics Brazil travel rates are expected to skyrocket, and China is predicted to become the largest tourist destination in the world after 2015. Trust Hospitality's international division, with offices in the US and abroad, is poised and ready to take advantage of these emerging market segments and anticipates having between five and ten properties in those markets by the end of this year.
The Trust Hospitality merger has opened the door for expansion domestically and internationally. With their vast experience, unique culture and sophisticated operating infrastructure, Trust Hospitality is the management company of the future: visionary, collaborative and trusted.
About Trust Hospitality
Trust Hospitality, a professional hotel management company with 27 years in the industry, manages branded and independent hotels in the United States, the Caribbean, Latin America, and the Far East, as well as a collection of independent boutique hotels under the Desires Hotels soft brand. Trust Hospitality is headquartered in Miami, and currently has regional offices in Miami, Brazil, China, Panama and Portugal/Spain. Please visit www.trusthospitality.com or email us at info@trusthospitality.com for further details.
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 
