• 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.

At the Renaissance Schaumburg Convention Center Hotel, Meet Chicago Northwest, professionals gathered to celebrate Chicago Northwest tourism at the 2019 Annual Partnership Meeting. The flourishing Chicago Northwest area wasn’t the only cause for celebration.

 

Aventri, a leader in events management software (EMS), recently released ‘The Top 100 Meeting and Event Venues in the United States’ for 2019. The company took the ten top-rated meeting and event cities in the United States and picked the top ten venues in each area, compiling a list of 100 highly-regarded spaces. 

The guide identifies the two most valuable factors in attendee satisfaction as venue location and activities in the host city, followed by capacity, uniqueness and proximity to local attractions.

 

RPM Events On The Water, located directly on the Chicago River, will be opening for private events mid-September. The Lettuce Entertain You Enterprises property will boast more than 6,000 square feet of event space, which will be able to host 250 guests for a seated function or 425 reception-style.