First Hospitality Adds Two Hotels to Management Portfolio

USA, Chicago, Illinois. December 29, 2022

Deepening its portfolio of independent and full-service properties, First Hospitality, a national hotel operations and development company, assumed management of the Inn on Sheridan, a boutique hotel in Zion, IL, on November 1. The company also added the Holiday Inn Express Cincinnati West to its extensive roster of branded hotels. This marks the First Hospitality's first properties in both markets.

"The addition of both properties is a meaningful step in our overall growth strategy, especially as we continue to diversify our branded portfolio and strengthen our footprint in the independent, lifestyle space," said David Duncan, president and CEO of First Hospitality.

Reporting strong end of year growth, Duncan noted that First Hospitality has signed eight third-party management contracts in eight weeks including a new property under development in Louisville, KY, opening in late 2024. He continued, "Keeping a steadfast focus on owner satisfaction and property outperformance has helped grow our portfolio by 16% this year and is a testament to the talent of our operating team." First Hospitality will add more than 800 rooms to its portfolio by the end of 2022.

Inn at Sheridan is an 84-room independent, boutique hotel located midway between Chicago and Milwaukee, and only blocks from the Lake Michigan shore. Guests will find a 24-hour fitness facility and library, coffee shop, full-service restaurant and bar, and a boutique shop featuring clothing, accessories, and gifts. Two distinct spaces are available for meetings, weddings, and events.

Featuring 117 guest rooms, the newly renovated Holiday Inn Express Cincinnati West is located 10 miles from downtown Cincinnati, central to Cincinnati's business centers and tourist attractions. The property features an outdoor pool, fitness center, and complimentary Wi-Fi and breakfast.

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