• Arbor Lodging Partners Acquires $135 Million Portfolio

     
    POSTED April 22, 2019
     
  • Arbor Lodging Partners Acquires $135 Million Portfolio

     
    POSTED April 22, 2019
     
  • Arbor Lodging Partners Acquires $135 Million Portfolio

     
    POSTED April 22, 2019
     

Arbor Lodging Partners, Chicago-based hotel investment and management company, announced its $135 million acquisition of Hampton Inn Santa Barbara/Goleta, Hampton Inn Boston-Norwood, Hampton Inn & Suites Minneapolis/Bloomington, Hyatt Place Dallas/Arlington, Springhill Suites Minneapolis/Bloomington and Residence Inn Salt Lake City Downtown.

Expanding its portfolio to 25 full-service hotels, Arbor Lodging Partners decided to acquire these properties because of the strong, diverse markets and brands, as well as the opportunity to create value through targeted capital expenditures and operational enhancements, says Vamsi Bonthala, CEO of Arbor Lodging Partners.

"It allows us to expand in five key markets, providing an attractive investment opportunity as well as new growth opportunities for Arbor associates," Bonthala says. "We hope to grow further in these markets with additional acquisitions in the future."

Bonthala says their goal is to improve product quality and the guest experience of each property based on each individual property's needs. Though the investment and operational strategy for each property is different, Bonthala says the common mission for them all is to operate consistent with their guiding principles while supporting Arbor associates and taking care of all guests.

Chicago Marriott Schaumburg is undergoing a multimillion-dollar renovation to elevate the overall guest experience. All guest rooms, public areas, new restaurant and bar, lobby, function areas, fitness room, indoor and outdoor pools as well as the exterior of the building and the parking lot will be renovated.

 

Already a go-to for striking views of the Chicago River and Magnificent Mile, The Gwen, a Luxury Collection Hotel, is offering guests a whole new way to soak in the city this summer with a luxe urban glamping experience.

Now in full-swing, glamping season at The Gwen gives guests a chance to sleep under the stars on its 16th floor Gwen Lux Suite terrace from June through September.

 

Chicago’s Steak 48 has been awarded a place on OpenTable’s 2019 list of the 100 Best Restaurants in America for a Big Night Out. Scanning more than 12 million reviews from verified diners, the list considered more than 30,000 restaurants across the country.