Hotel Equities to manage 21-hotel portfolio across Texas and Oklahoma

Hotel Equities was selected as the management firm for a portfolio of 21 hotels located in Texas and Oklahoma. The portfolio is owned by Premier Hospitality Management. Hotel Equities assumes management on May 1, 2015, taking its overall portfolio to 90 hotels in 14 states.

Raj Patel serves as president and CEO of Premier, a firm he founded 23 years ago. Premier’s portfolio includes nine hotel brands and two independent full service hotels totaling 2,166 guestrooms. The portfolio is represented with brands such as Marriott, Hilton and IHG.

“We’re excited to announce the partnership we’ve created with industry leader Hotel Equities,” said Raj Patel, president and CEO of Premier Hospitality Management. “For the past 23 years, we have worked to build a strong portfolio of properties. I am confident that Hotel Equities will take the management of these assets to the next level and that will allow us to focus on future growth and development opportunities.”

FREE DAILY NEWSLETTER

Like this story? Subscribe to Operations!

Hospitality professionals turn to Operations as their go-to source for breaking news on guest rooms, food & beverage, hospitality trends, management, and more. Sign up today to get news and updates delivered to your inbox daily and read on the go.

With the addition of 21 hotels to its portfolio, Hotel Equities will create a regional office in Texas to support its operators as they oversee each discipline that impacts the business.

Hotels represented in the Premier portfolio include; SpringHill Suites in Oklahoma City, Okla.; the Hilton Garden Inn in Norman, Okla.; the Hampton Inn in Plano, Texas;  the Holiday Inn & Suites in Tulsa, Okla.; The Norman Hotel in Norman, Okla.; and the Hotel At Wichita Falls in Wichita Falls, Texas.

Suggested Articles

The Dallas-based company has added six Caribbean resorts to its portfolio. 

The appointments, in California, Colorado, Illinois and Florida, comprise one promotion and four new hires.

The three properties are a Hampton Inn & Suites, a Westin and an Autograph Collection hotel.