Waramaug LS Hotels, LLC Purchases South Carolina Holiday Inn Express & Suites
Tampa, FL. - May 12, 2015. Waramaug LS Hotels, LLC announced today the purchase of the Holiday Inn Express & Suites Greenville Airport. The hotel is comprised of 83 rooms and suites and is located between Greenville-Spartanburg International Airport and the city of Greenville. Waramaug will initiate a comprehensive refurbishment to reflect updated brand standards, and has retained Interstate Hotels & Resorts to operate the hotel.
"Greenville and Spartanburg counties continue to transform into a headquarters and manufacturing center that has lured a variety of companies to invest heavily in the area," said Paul Stern, Principal, Waramaug LS Hotels, LLC. "We see strong upside in this asset following renovation and a sustained marketing program."
The property draws business from many Fortune 500 companies, quality universities, and numerous leisure activities. Its expanding demand base includes companies including BMW, Michelin North America, Fluor Corporation and General Electric. Notably, BMW, whose only assembly plant in the US is in close proximity to the hotel, announced in 2014 a $1 billion expansion which will expand the plant by 50%.
The acquisition was arranged by The Ehmer Group.
About Waramaug LS Hotels
Waramaug LS Hotels, LLC is the select service arm of Waramaug Hospitality, a privately held investment group, with 24 hotels totaling 4,775 rooms. Waramaug LS Hotels focuses on acquiring legacy branded select service assets throughout the United States.
Media Contact:
Paul Stern
pstern@whamhg.com
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 
