Third-party hotel management company Aimbridge Hospitality has assumed management responsibilities for 10 hotels owned by a joint venture involving Prospect Ridge and Fulcrum Hospitality.
The newly added hotels include Hilton, Marriott and Hyatt select-service brands and are located across Alabama, Florida, Georgia, Kansas, Maryland, Texas and West Virginia, extending Aimbridge’s footprint in several of its core operating markets.
“Being selected to manage this portfolio on behalf of these highly respected institutional partners speaks to the strength of our platform and the results our team delivers every day,” Eric Jacobs, chief global growth officer for Aimbridge Hospitality, said in a statement. “Prospect Ridge and Fulcrum know our people and our operating model, and we're proud to build on that relationship across these 10 hotels. We look forward to delivering added value for our partners and the guests we serve across these new additions.”
Several of the hotels are located in or near major university markets, including Auburn University, the University of Florida and West Virginia University. A number of the assets have recently undergone renovations, while the remaining are set to undergo planned property improvement projects within the next few years.