Hotel Equities Tapped by APX Hotels to Manage Eight Hotel Portfolio in Alberta, Canada
Atlanta-based hotel owner, operator and developer, Hotel Equities (HE), announced they have been selected as the strategic partner with APX Hotels to operate eight hotels in the Alberta region. The hotel portfolio, consisting of IHG, Hilton and Wyndham branded properties is owned by APX Hotel Group. The combined total guestroom count is 749 and growing, with future development projects in the pipeline.
"We continue to expand our Canadian portfolio with owners whom we are aligned and who seek strong management of their assets," said Joe Reardon, chief development officer for HE. "We made our entry into the Edmonton market early last year with two Marriott hotels. Our dedicated Canadian regional team immediately provided their expertise in growing revenue, while optimizing the hotel's profitability. We look forward to creating this value-add for our new partners at APX Hotel Group as we welcome the new team of associates to the Hotel Equities' family."
HE has experienced significant growth in Canada over the past year, prompting the creation of a regional office in market. The addition of these eight hotels brings the firm's total to fifteen in Canada after entering the country in early 2018. Prior to entering the Canadian market, the firm spent a significant amount of time understanding the country's branded hotel growth, human resource variations, currency implications and the regional staffing model needs. Hotel Equities continues to grow strategically, making a significant investment into a Canadian regional office encompassing all disciplines including operations, sales and marketing, revenue management and accounting.
The eight hotel portfolio consists largely of IHG-branded hotels and includes two full service properties. The Holiday Inn & Suites Lloydminster features meeting and event space, as well as a restaurant and lounge in which guests can dine or relax. The Holiday Inn & Suites West Edmonton features meeting and event space and also offers guests the option to dine at their on-site restaurant.
"We immediately recognized Hotel Equities' presence in market," said Mike Lai, president of APX Hotels. "Not solely for the performance results and ability to capture business, but also for the positive impact their culture brings to the community. We are thrilled to provide our hotel staff the valuable benefits and resources that Hotel Equities has in their toolkit for success."