InnVentures, an extended-stay and select-service third-party hotel-management company. is accelerating its expansion plans for 2020 and beyond. Over the year, the company has added 10 hotels to its development pipeline, all slated to open in the next 12 months.
“Even during a pandemic, InnVentures is selected for management contracts because of our proven profitability through scale, with personalization and a hospitality-forward approach,” said COO Kimberly O’Fallon. “A key differentiator that has afforded us growth during this critical time is our nimbleness and ability to keep teams and resources in place, ensuring the infrastructure to confidently and successfully open and manage hotels—just as we’ve always done prepandemic.”
A Growing Portfolio
Most recently, InnVentures was tapped to manage the select-service SpringHill Suites by Marriott Springfield (Mo.) North in the Ozarks. The new-build is the first of several management contracts in the pipeline with Joplin-based AR Enterprises. The company also recently assumed management of the 121-room Homewood Suites by Hilton Salt Lake City Draper in Utah, which is owned by West 77 Partners of Bellevue, Wash.
InnVentures currently operates all major hotel brands, including extended-stay and select-service Marriott International, Hilton, Hyatt Hotels Corp. and IHG hotels in 11 states and counting. The company was the first franchisee of Residence Inn Hotels (now Residence Inn by Marriott). InnVentures operates nearly 50 hotels for some of the nation’s largest real estate investment trusts, private equity firms and lenders, in addition to a large portfolio of individual and family-owned hotels.
Earlier this month, InnVentures named O’Fallon, formerly the company’s former director of operations, as its new COO to drive the company’s growth plans. In her new position, O’Fallon will be responsible for leading all aspects of growing InnVentures’ extended-stay and select segments across the country.
O’Fallon’s contributions to InnVentures over the last five years include achieving hotel revenue growth of more than $147 million and expanding the portfolio by 34 properties.