{"id":1004126699,"date":"2015-09-02T05:56:07","date_gmt":"2015-09-02T13:56:07","guid":{"rendered":"https:\/\/www.commercialsearch.com\/news\/?p=1004126699"},"modified":"2020-04-16T00:48:56","modified_gmt":"2020-04-16T08:48:56","slug":"crestline-hotels-bulks-up","status":"publish","type":"post","link":"https:\/\/www.commercialsearch.com\/news\/crestline-hotels-bulks-up\/","title":{"rendered":"Crestline Hotels Bulks Up"},"content":{"rendered":"

By Keith Loria, Contributing Editor<\/em><\/p>\n

\"James<\/a>

James Carroll, Crestline<\/p><\/div>\n

Crestline Hotels & Resorts, L.L.C<\/a>. has added 13 full, select, and extended stay hotels in eight states to its management portfolio, increasing its guestrooms by 1,493 to a company-wide total of more than 13,500 keys.<\/p>\n

The 13 properties, owned by American Realty Capital Hospitality Trust, Inc., are situated throughout the U.S., from Nevada to South Carolina and are comprised of upper upscale and upscale hotels within the Marriott, Hilton, Hyatt and IHG family of brands, including Courtyard, Residence Inn, SpringHill Suites, Hyatt Place, Hilton Garden Inn, Hampton Inn, Homewood Suites and Holiday Inn.<\/p>\n

\u201cThese properties are a welcome addition to our managed portfolio, which continues to exhibit strong growth,\u201d James Carroll, Crestline\u2019s president & CEO, said in a prepared release. \u201cWe anticipate a seamless transition as our senior leaders work with each property’s employees to introduce our vision, values and best practices, while working to enhance excellence in guest service.\u201d<\/p>\n

\"the<\/a>

the Baltimore Courtyard<\/p><\/div>\n

The hotels added to the portfolio are Courtyard Chicago Elmhurst\/Oakbrook Area; Hyatt Place Minneapolis Airport-South; Courtyard Jacksonville Airport Northeast; Residence Inn Jacksonville Airport; Hampton Inn Grand Rapids-North; SpringHill Suites Grand Rapids-North; Hampton Inn East Lansing; Hampton Inn Boston\/Peabody; Homewood Suites by Hilton Boston-Peabody; Hampton Inn Champaign\/Urbana; Hampton Inn & Suites Nashville\/Franklin (Cool Springs); Hyatt Place Las Vegas; and \u00a0Holiday Inn Charleston – Mount Pleasant.<\/p>\n

The relationship between the companies is nothing new. In fact, earlier this year, Crestline added 34 properties to its portfolio in conjunction with ARC Hospitality’s acquisition of the Equity Inns portfolio from Goldman Sachs.<\/p>\n

\u201cARC Hospitality seeks to engage best-in-class management companies to operate its hotel portfolio,\u201d Mark Fowler, ARC Hospitality\u2019s vice president, said in a prepared statement. \u201cWe are excited about growing the number of Crestline-managed properties in our portfolio given their demonstrated asset management expertise and ability to drive RevPAR at their managed hotels.\u201d<\/p>\n

According to the March 2015 edition of PKF Hospitality Research\u2019s Hotel Horizons, the U.S. lodging industry will continue to achieve very strong growth in RevPAR during both 2015 and 2016. The report further forecasts that the composition of the factors driving the RevPAR is starting to shift with record-setting occupancy yielding ground to growing average daily rates.<\/p>\n

\u201cIn 2015, RevPAR growth will be achieved by healthy increases in both occupancy and ADR, similar to the pattern we have seen since 2011,\u201d R. Mark Woodworth, senior managing director of PKF-HR, said in the report. \u201cHowever, beginning in 2016, we are forecasting that ADR gains will be the dominant, if not sole, driver of RevPAR growth through 2019.\u201d<\/p>\n","protected":false},"excerpt":{"rendered":"

The hotel management company has expanded its portfolio.<\/p>\n","protected":false},"author":451,"featured_media":1004126733,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[21751,21742],"tags":[],"class_list":["post-1004126699","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-hotel","category-latest"],"acf":[],"yoast_head":"\nCrestline Hotels Bulks Up - 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\/crestline-hotels-bulks-up\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Crestline Hotels Bulks Up\" \/>\n<meta property=\"og:description\" content=\"The hotel management company has expanded its portfolio.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.commercialsearch.com\/news\/crestline-hotels-bulks-up\/\" \/>\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=\"2015-09-02T13:56:07+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2020-04-16T08:48:56+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2015\/09\/James-Carroll.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"421\" \/>\n\t<meta property=\"og:image:height\" content=\"336\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"Keith Loria\" \/>\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\":\"Article\",\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/crestline-hotels-bulks-up\\\/#article\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/crestline-hotels-bulks-up\\\/\"},\"author\":{\"name\":\"Keith Loria\",\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/#\\\/schema\\\/person\\\/aaa29b723dad85f2444ae3cb0c4d735f\"},\"headline\":\"Crestline Hotels Bulks Up\",\"datePublished\":\"2015-09-02T13:56:07+00:00\",\"dateModified\":\"2020-04-16T08:48:56+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/crestline-hotels-bulks-up\\\/\"},\"wordCount\":446,\"commentCount\":0,\"image\":{\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/crestline-hotels-bulks-up\\\/#primaryimage\"},\"thumbnailUrl\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/wp-content\\\/uploads\\\/sites\\\/46\\\/2015\\\/09\\\/James-Carroll.jpg\",\"articleSection\":[\"Hotel\",\"News\"],\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"CommentAction\",\"name\":\"Comment\",\"target\":[\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/crestline-hotels-bulks-up\\\/#respond\"]}]},{\"@type\":\"WebPage\",\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/crestline-hotels-bulks-up\\\/\",\"url\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/crestline-hotels-bulks-up\\\/\",\"name\":\"Crestline Hotels Bulks Up - 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