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SOURCE Real Hospitality Group
Expansion fueled by resurgence in new build projects, with 7 new locations opening this year
OCEAN CITY, Md., Aug. 26, 2014 /PRNewswire/ -- Executives at Real Hospitality Group (RHG) announced today their portfolio of hotels has grown with several new deals in 2014, representing a 25.9% growth in guest room inventory. Management agreements are now in place for 53 properties and 7,203 guest rooms, expanding the company's market expertise in the northeast, mid-Atlantic and New York City.
Included in the portfolio growth are key branded hotels with Marriott, Starwood Hotels and Resorts, Hilton and Carlson. In 2014, seven of the hotels are expected to open prior to the end of the year, expanding the portfolio presence into Syracuse, New York, Newark and Rehoboth Beach, Delaware, as well as 5 additional locations in the Financial District of downtown Manhattan in New York City.
"We have worked with our ownership groups and established solid brand relationships to deliver effective pre-opening services that create positive top line revenue for our hotels out of the box," comments Ben Seidel, President and CEO. "Our development efforts stem from a straight forward approach, recognizing that our performance and the management of our ownership's assets must produce successful results."
The new locations include:
"These hotels are instrumental in developing a diverse portfolio in markets with tremendous potential. As such, we are focused on maintaining a positive impact during the pre-opening phases and have continued to grow the company by hiring talent well matched to deliver on our promises to our owner partners," cites Seidel. "We have strategically planned for growth to stay well ahead of the future opportunities and are resourced to deliver services to exceed the expectations of the owners, our brand partners and asset managers."
About Real Hospitality Group:
Real Hospitality Group (RHG) is headquartered in Ocean City, MD with a regional office in Midtown New York City, and comprises a team with more than 400 years of combined hospitality and travel industry experience. The Real Hospitality Group portfolio includes 53 hotel properties with an inventory of more than 7,203 rooms in gateway cities that include New York, Philadelphia and locations in West Virginia as well as Syracuse, Glens Falls, Montauk, NY, Ocean City, MD, Rehoboth and Bethany Beach, DE and Chincoteague, VA. The company is a recognized service provider for all major hotel brands as well as a collection of unique independent hotels. RHG focuses on total service property operations, revenue performance, guest satisfaction and business development for hotels, resorts and investment ownership groups. For more information, please visit the company website at www.realhospitalitygroup.com.
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