ATLANTA--(BUSINESS WIRE)--Hotel Equities recently announced its selection as the management firm for a portfolio of 21 hotels located in Texas and Oklahoma. The portfolio is owned by Premier Hospitality Management, Inc. Hotel Equities assumes management on May 1, 2015, taking its overall portfolio to 90 hotels in 14 states.
Raj Patel serves as President and CEO of Premier, a firm he founded 23 years ago. Premier’s portfolio features nine hotel brands and two independent full service hotels totaling 2,166 guest rooms. The portfolio is represented with premium brands such as Marriott, Hilton and IHG.
“We’re excited to announce the partnership we’ve created with industry leader Hotel Equities,” said Raj Patel, President and CEO of Premier Hospitality Management, Inc. “We have worked for 23 years to build a strong portfolio. I am confident that Hotel Equities will take these assets to the next level and allow us to focus on future growth and development.”
With the addition of 21 hotels to its portfolio, Hotel Equities will create a regional office in Texas to support its operators as they oversee each discipline that impacts the business.
“We’re honored to partner with Premier Hospitality,” said Brad Rahinsky, President and COO of Hotel Equities. “We’re confident in our ability to take the strong platform that Premier has created and elevate it to the next level. This partnership will create additional opportunities for our three key stakeholders; our guests, our associates and our investors.”
Hotels in the Premier portfolio include SpringHill Suites in Oklahoma City, OK; Hilton Garden Inn in Norman, OK; Hampton Inn in Plano, TX; Holiday Inn & Suites in Tulsa, OK; The Norman Hotel in Norman, OK; and the Hotel At Wichita Falls in Wichita Falls, TX.
Hotel Equities (HE) is an Atlanta-based full-scale hotel management, development and consulting firm operating more than 90 hotels throughout North America. Frederick W. Cerrone, CHA, serves as Chairman and CEO; Brad Rahinsky serves as President and COO. Visit www.hotelequities.com.
Premier Hospitality Management, Inc., located in Durant, OK, is an Oklahoma and North Texas-based, privately held hospitality corporation founded in 1992 by Raj Patel who serves as President and CEO. The firm owns 21 hotels with brands that include Marriott International, Hilton Hotels Corporation, Choice Hotels International and Intercontinental Hotel Group.
