Management companies sign deals for Florida, Maine hotels

Crestline Hotels & Resorts will manage the Residence Inn Portland Downtown/Waterfront. Photo credit: Marriott International (Residence Inn Portland Downtown/Waterfront)

Two management companies have signed deals to manage hotels in Florida and in Maine.

Crestline Hotels & Resorts

Crestline Hotels & Resorts is set to manage the 179-room Residence Inn Portland Downtown/Waterfront in Portland, Maine, and the 127-room Hyatt Place Jacksonville Airport in Jacksonville, Fla. 

Owner Apple Hospitality REIT selected Crestline to manage the hotels. “Crestline enjoys a long and trusted relationship with Apple Hospitality REIT and we are honored to add these excellent properties to our managed portfolio,” said Crestline President and CEO James Carroll.
 
The Residence Inn Portland is the city center’s only all-suite hotel and is close to a range of businesses as well as the Casco Bay Lines Ferry Terminal, Merrill Auditorium, Ocean Gateway Terminal, Cross Insurance Arena and the Portland Museum of Art. 
 
Each of the hotel’s suites has a separate sitting area and a kitchenette. Amenities include a fitness center and an indoor swimming pool. The hotel also has 1,235 square feet of meeting and event space. Located 5 miles from the Portland International Jetport, the hotel is also approximately a two-hour drive from Boston Logan International Airport. Off-site parking is available for a fee.
 
The Hyatt Place Jacksonville Airport is near the Jacksonville International Airport Northeast Florida’s beaches. The hotel is also within walking distance of the nearby River City Marketplace for shopping, entertainment and dining. All guestrooms have a Cozy Corner Sofa Sleeper, a minifridge and a separate workspace. Additional amenities include a fitness center with cardio equipment and strength-training machines as well as a pool. 

OTO Development

OTO Development, part of The Johnson Group, is expanding its management portfolio with three additional hotels in a new market. 

The signings represent OTO’s entry into the Orlando market. OTO’s latest additions to its managed portfolio are the Hyatt Place across from Universal Resort, the Hyatt House across from Universal Resort and the Hyatt Place Orlando/Convention Center.

The Spartanburg, S.C.-based hospitality company develops and operates its own select-service and lifestyle hotels while also supporting ownership groups ranging from publicly traded REITs to private equity firms to high-net-worth individuals.

“We appreciate the partnership we have with our third-party ownership groups, rooted in mutual respect and trust. The opportunity to manage additional hotels in a new market is a vote of confidence in our performance and ability to create real value for owners,” said Corry Oakes, president and CEO of OTO Development. “While COVID-19 may have temporarily changed the hotel industry in a meaningful way, what has not changed it our commitment to effective strategies and relentless pursuit of opportunities to grow revenue, market share and profitability at all of our hotels.”