Stonebridge Corporations, LLC (“Stonebridge”), a Denver-based modern, privately-owned lodge administration firm boasting a various vary of full-service, select-service, and extended-stay properties, introduced in the present day it has acquired Actual Hospitality Group, LLC (“RHG),” a number one lodge administration firm based mostly in Ocean Metropolis, Maryland.
Actual Hospitality Group Founder and CEO Ben Seidel will be a part of the Stonebridge crew as Principal and a member of the agency’s Board of Administrators. He’ll contribute his deep expertise to assist develop and scale the mixed firm’s presence all through the nation.
From the day Actual Hospitality Group was born 13 years in the past, the expansion of the corporate has primarily been the results of the help and the belief of your complete RHG crew, from our homeowners, to our staff, to the lodge manufacturers we now have partnered with. This alignment with Stonebridge affords our homeowners the shopping for energy, help, and sources which have develop into important in in the present day’s enterprise and lodging surroundings whereas offering the geographical variety that facilitates our ‘Boots on the Floor’ working precept. Ben Seidel, President and CEO, Actual Hospitality Group
We’re thrilled to affix forces with RHG as we embark on this subsequent chapter of our evolution. The mixing of those two firms will create a dynamic, main lodge administration group that may drive innovation and create thrilling progress alternatives for our crew members. This transaction is a chance for us to pave the best way for elevated success and prosperity for a shared imaginative and prescient for the longer term. We’re trying ahead to a seamless integration that may protect the most effective facets of each organizations and foster a tradition of collaboration and innovation for our crew members. Navin Dimond, Founder and CEO, Stonebridge Corporations
The transaction offers Stonebridge a various nationwide portfolio, which is able to now comprise greater than 160 properties, encompassing 24,000 rooms throughout 20 states. The mixed firm shall be headquartered in Denver, Colorado, whereas sustaining a major East Coast presence. Phrases of the deal won’t be disclosed.
About Stonebridge Corporations
Stonebridge Corporations is a privately owned, nationally acknowledged, modern lodge firm strategically situated in major and secondary markets. Its numerous portfolio consists of select-service, extended-stay, and full-service properties in markets all through the US. For extra data, go to www.sbcos.com.
