13/03/2018 15:59:35

TWENTY FOUR SEVEN HOTELS EXPANDS SOUTHWEST HOTEL MANAGEMENT FOOTPRINT WITH FAIRFIELD INN LAS VEGAS AIRPORT

Newport Beach, CA, March 13, 2018 (GLOBE NEWSWIRE) --

Twenty Four Seven Hotels, a leading U.S.-based hospitality management company, has attained a new contract for management services in Las Vegas, Nevada. New to the Twenty Four Seven list of managed hotels is the Fairfield Inn by Marriott Las Vegas Airport, bringing their overall Marriott collection to thirteen managed hotels and adding 128 rooms to the company’s entire portfolio.

The property will operate as a Marriott franchise, owned by Umbrella Hotel Group and Ways Hospitality. Twenty Four Seven Hotels played a pivotal role providing guidance to the buyer on the transactional side with sourcing, underwriting and acquiring the hotel as a part of its service offering to clients.

"The addition of the Fairfield Inn hotel to our portfolio rounds out our expertise and representation of Marriott’s (CFRST) select-service brands. This increases our Marriott managed portfolio to thirteen and strengthens our collaborative relationship with the brand," said David Wani, chief executive officer of Twenty Four Seven Hotels. "We are strong advocates of the Fairfield Inn brand and believe it is one of the most viable franchise opportunities available to leverage from within Marriott's CFRST collection."

The Fairfield Inn is the third hotel in the Las Vegas market for Twenty Four Seven Hotels, currently operating a dual campus property just fifteen minutes from the Las Vegas Strip, which includes SpringHill Suites and TownePlace Suites Las Vegas Henderson. It also marks their fifth hotel in the Southwestern region of the United States.

With nearly 1000 square feet of meeting space, the hotel is frequently booked as an attractive, cost-effective, centrally located option for small business meetings away from the hustle and bustle of a casino environment. Some of the amenities of the bright, casual rooms include: free WiFi, desks, flat-screen TVs with premium cable channels, microwaves, mini refrigerators and coffeemakers. Upgraded rooms include pull-out sofas.

In addition, Twenty Four Seven Hotels leverages the Uber for Business platform to provide transportation as a favorable service over on-site shuttles and taxi services at all of its airport properties.

“Expanding our partnership with Twenty Four Seven Hotels in this market makes sense strategically” explains Ravi Gupta, from Ways Hospitality. “With their dedicated regional leadership team and proven revenue performance in the southwest, we stand to experience a seamless transition for this asset.”

Notable highlights of the market fueling the acquisition of the hotel include: the location is just two miles from the Las Vegas Strip, including the Fremont Street Experience; the 20,000-seat T-Mobile Arena; the addition of the National Hockey League's Las Vegas Golden Knights; and the National Football League's Las Vegas Raiders, along with the 65,000-seat NFL stadium, anticipated to be completed in time for the 2020 NFL season. The outlook for the market area is positive as the Southern Nevada economy remains largely dependent on the leisure and hospitality industry.

 

About Twenty Four Seven Hotels

An entrepreneurial and spirited hospitality company, Twenty Four Seven Hotels delivers highly specialized services in hotel management, investment, and development. With a decade of focusing on the premium brand select service category, Twenty Four Seven Hotels has firmly established itself in the growing lifestyle brand segment with the 2016 opening of the first Moxy hotel in the United States. Concentrated in the western U.S., Twenty Four Seven Hotels continues to invest in high caliber hospitality talent to support its growing portfolio with premium hospitality brands including Marriott, Hilton, Hyatt, IHG and Choice. For more information on Twenty Four Seven Hotels, visit www.247hotels.com.

Instagram: @247hotels. Facebook: @247Hotels. LinkedIn: www.linkedin.com/company/twenty-four-seven-hotels

 

About Umbrella Hotel Group

Over the years, the Goyal family has operated and managed a diverse platform of business investments out of a family office in Northern California, including a large focus in petroleum retail and distribution operations under license with Shell Oil and Chevron companies. Hotel assets are a primary focus of their real estate investment portfolio, which focuses on premium flagged, value-add opportunities in key markets throughout the western U.S.

 

About Ways Hospitality

Ways Hospitality is a flourishing group derived from years of retail sales in the fueling industry. Built on years of slow and steady growth, Ways has built a portfolio of products throughout the Western states focusing on mid-tier properties in large markets.

Attachments:

A photo accompanying this announcement is available at https://www.globenewswire.com/NewsRoom/AttachmentNg/dcab34f8-2f39-41a5-b9d1-b0471a3e2a1a

A photo accompanying this announcement is available at https://www.globenewswire.com/NewsRoom/AttachmentNg/5a33e63e-c8b3-4334-bac9-9bd769cc04ad

A photo accompanying this announcement is available at https://www.globenewswire.com/NewsRoom/AttachmentNg/85946109-2302-4388-978a-02620776c2d5

Alison Sansone, VP of Marketing and Communications

Twenty Four Seven Hotels

949.734.6435

asansone@247hotels.com

Post comment

Related debate

  • 1 week
  • 1 month
  • 1 Year
19 Sep
 
Jeg har været med som skribent her på EI siden 2012 og jeg har haft mange gode øjeblikke ved at være..
53
16 Sep
OMXC25
Putin kan lukke samtlige banker i Europa blot ved at sende nogle penge igennem dem, og bagefter lækk..
29
18 Sep
BIOPOR
BioPorto - InvestorDagen 18.september 2018 Jeg deltog til præsentationen af BioPorto ved CFO Ole ..
24
18 Sep
PNDORA
.....lyder ikke for klogt. Nu har vi været under pres fra shortere i lang tid i Pandora som fik bank..
20
15 Sep
DANSKE
...og jeg kan supplere, man skal ikke tro på mennesker der er maniske eller totalt besatte af en giv..
16
16 Sep
BAVA
Bava var sat op til en næsten perfekt IHS, der ville sende den op i ca. 225.   Men så kommer der lig..
14
13 Sep
OMXC25
Jeg var i London i de år. Jeg kom forbi Lehman Brothers hver morgen og aften ude i Cannary Wharf. De..
14
15 Sep
BAVA
Hvilken af de to links forklarer, at Bavarian faldt 6%? Er det fordi de fik et nyt patent, eller er ..
13
17 Sep
BAVA
dette er en delvis gentagelse af mit indlæg fra weekenden Min tilgang til den er at jeg ikke forstå..
12
15 Sep
DANSKE
Det du skriver er da voldsomt selvmodsigende. Muligt 6212 får ret, men indtil videre er de ikke ankl..
12

HSBC Bank Plc : Form 8.5 (EPT/RI) - Lonmin PLC

22/02/2018 10:54:53
FORM 8.5 EPT/RI) PUBLIC DEALING DISCLOSURE BY AN EXEMPT PRINCIPAL TRADER WITH RECOGNISED INTERMEDIARY STATUS DEALING IN A CLIENT-SERVING CAPACITY Rule 8.5 of the Takeover Code (the "Code") 1.         KEY INFORMATION (a) Name of exempt principal trader: HSBC BANK PLC (b) Name of offeror/offeree i..

Rathbone Brothers Plc : Preliminary announcement of 2017 results

22/02/2018 07:00:19
Funds under management up 14.3% to £39.1 billionThis is a preliminary statement of annual results published in accordance with FCA Listing Rule 9.7A. It covers the year ended 31 December 2017. Mark Nicholls, Chairman of Rathbone Brothers Plc, said: "UK and global investment markets performed well in 2017, with some indices reaching record levels towards the end of the year. This outcome has b..

Elliott Capital Advisors, L.P : Form 8.3 - GKN Plc

Related news
21/02/2018 15:25:10
FORM 8.3 PUBLIC OPENING POSITION DISCLOSURE/DEALING DISCLOSURE BY A PERSON WITH INTERESTS IN RELEVANT SECURITIES REPRESENTING 1% OR MORE Rule 8.3 of the Takeover Code (the "Code") 1.         KEY INFORMATION (a) Full name of discloser: Elliott Capital Advisors, L.P. (for itself and related general partners ..

Most read news

  • 24 hours
  • 48 hours
  • 1 week
1
Squirrel AI unveiled at TechCrunch Disrupt, attracting overseas ventures to propose partnership
2
Service organization Alpha Kappa Alpha Sorority surpasses $1 million in historic one day campaign to help nation's HBCUs
3
WISeKey and OISTE.ORG to Launch at the Zermatt Summit the Anti-Illicit Trade Declaration, calling on the International Community to Address all Forms of Illicit Trade
4
Nasdaq Halts Luokung Technology Corp.
5
Senior Congressional Healthcare Policy Advisor Charlene MacDonald Joins FTI Consulting

Buy and sell signals

  • Trend
  • Moneymachine

Copyright Berlingske Media 2018  Cookie- and Privacy policy  |  Cookies  |   General terms of trade  |   Terms of use and IP rights
Quote information is delivered by Morningstar.
Data is delayed 15-20 minutes according to the distribution agreements set by the different exchanges.
 
20 September 2018 02:37:30
(UTC+00:00) Dublin, Edinburgh, Lisbon, London
Version: LiveBranchBuild_20180919.1 - EUROWEB1 - 2018-09-20 03:37:30 - 2018-09-20 02:37:30 - 1000 - Website: OKAY