{"id":1004057382,"date":"2013-01-09T07:47:51","date_gmt":"2013-01-09T15:47:51","guid":{"rendered":"https:\/\/www.commercialsearch.com\/news\/?p=1004057382"},"modified":"2022-12-08T18:05:58","modified_gmt":"2022-12-09T02:05:58","slug":"aimbridge-hospitality-secures-management-of-103-hotels","status":"publish","type":"post","link":"https:\/\/www.commercialsearch.com\/news\/aimbridge-hospitality-secures-management-of-103-hotels\/","title":{"rendered":"Aimbridge Hospitality Secures Management of 103 Former Jameson Hotels"},"content":{"rendered":"

\u00a0By Lynn Armitage, Contribtuing Editor<\/em><\/p>\n

Aimbridge Hospitality has proven that you can never have too many hotels to manage. The nation\u2019s leading hotel investment and management firm, has added 103 assets to an already impressive portfolio that includes a Who\u2019s Who of nationally-recognized chains, such as the Marriott, Hilton, Hyatt, Wyndham and Embassy Suites.<\/p>\n

The former Jameson Inns, located in 12 Southeastern states, will now join Aimbridge\u2019s pantheon of prestigious properties.\u00a0 The hotels are owned by an investment vehicle that is managed by affiliates of Colony Capital, L.L.C.\u00a0 Colony chose Aimbridge to manage the Jameson acquisitions and oversee a substantial renovation and rebranding. What\u2019s more, a fund affiliated with the principals of Aimbridge Hospitality and Argonaut Private Equity has acquired a minority economic stake in the hotel portfolio.<\/p>\n

\u201cWe are pleased to partner with Aimbridge and its proven team, which has already completed the management transition with minimal disruption,\u201d said Thomas Barrack, chairman and CEO of Colony. \u201cThey are a natural fit for this project, bringing the operational expertise to move these assets to the top of their class.\u201d<\/p>\n

The 103 newly acquired hotels add up to 7,000 total guest rooms and 1,700 associates in Alabama, Florida, Georgia, Illinois, Indiana, Kentucky, Louisiana, Mississippi, North Carolina, South Carolina, Tennessee and Virginia. They will be managed by Channel Point, a wholly owned and operated subsidiary of Aimbridge.<\/p>\n

\u201cWe are delighted to invest alongside a firm of the caliber of Colony and we look forward to further enhancing and reinvigorating these properties,\u201d said Aimbridge President and CEO Dave Johnson.<\/p>\n

While an extensive renovation of these properties is part of the deal, the exact cost of the upgrades was not disclosed.<\/p>\n

Aimbridge Hospitality provides management, asset management, development, renovation and consulting services to more than 180 upscale, independent and branded hotels with nearly 25,000 rooms across the U.S. and the Caribbean.<\/p>\n

Headquartered in Los Angeles, Colony Capital is a private, international investment firm focusing primarily on debt and equity investments in real estate-related assets and operating companies. It has invested $48 billion in over 19,000 loans\/assets through various corporate portfolio and property transactions. Colony employs more than 250 people in offices in New York, Boston, Scottsdale, London, Madrid, Paris, Rome, Beirut, Hong Kong, Seoul and Taipei.<\/p>\n","protected":false},"excerpt":{"rendered":"

Aimbridge Hospitality has has added 103 assets of former Jameson Inns, owned by Colony Capital.<\/p>\n","protected":false},"author":952,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[21751,21783,21742,21785],"tags":[],"class_list":["post-1004057382","post","type-post","status-publish","format-standard","hentry","category-hotel","category-investment","category-latest","category-property-management"],"acf":[],"yoast_head":"\nAimbridge Hospitality Secures Management of 103 Former Jameson Hotels - Commercial Property Executive<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.commercialsearch.com\/news\/aimbridge-hospitality-secures-management-of-103-hotels\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Aimbridge Hospitality Secures Management of 103 Former Jameson Hotels\" \/>\n<meta property=\"og:description\" content=\"Aimbridge Hospitality has has added 103 assets of former Jameson Inns, owned by Colony Capital.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.commercialsearch.com\/news\/aimbridge-hospitality-secures-management-of-103-hotels\/\" \/>\n<meta property=\"og:site_name\" content=\"Commercial Property Executive\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/CPExecutive\" \/>\n<meta property=\"article:published_time\" content=\"2013-01-09T15:47:51+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2022-12-09T02:05:58+00:00\" \/>\n<meta name=\"author\" content=\"Anna Spiewak\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:creator\" content=\"@cpexecutive\" \/>\n<meta name=\"twitter:site\" content=\"@cpexecutive\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"WebPage\",\"@id\":\"https:\/\/www.commercialsearch.com\/news\/aimbridge-hospitality-secures-management-of-103-hotels\/\",\"url\":\"https:\/\/www.commercialsearch.com\/news\/aimbridge-hospitality-secures-management-of-103-hotels\/\",\"name\":\"Aimbridge Hospitality Secures Management of 103 Former Jameson Hotels - 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