Hotel Equities to manage new Orlando and Southern Texas properties

Hotel Equities will now manage two Wyndham branded hotels, one property on International Drive in Orlando, Fla., and a brand new hotel in Southwest Texas. 

The firm’s eleventh management contract in Florida marks its first in the Orlando market. For its entry into the state of Texas, the firm was tapped for a new-build property set to open later this month.

“We are thrilled to add our first hotel in the state of Texas,” said Joe Reardon, VP of business development for HE. “Cotulla and LaSalle County are the site of one of the largest economic booms in Texas history as drilling for oil and natural gas increases. The hotel is ideally positioned and well-appointed to meet the demand.”

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“Florida has been a great market for our firm and we’ve delivered excellent results for our investors in the state,” Reardon said.  “We are elated to branch out into the Orlando market as the ownership group we partnered with will continue strong growth in the area.”

The Orlando hotel is located on International Drive within easy reach of Universal Studios, SeaWorld, Wet ‘n Wild and Disney World, as well as shopping and dining.

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The hotel will implement a new, branded mobile app that delivers control to guests and GEMS, a back-office tool that streamlines operations.

The U.S. is now the only region that has yet to turn a positive month of profit since the COVID-19 pandemic took hold.

While occupancy largely was flat week over week during the seven-day period ending Sept. 19, rate and revenue both declined.