Life House, a tech-enabled brand and management company, has acquired the management contracts of Imprint Hospitality’s independent hotel portfolio, which comprises an array of properties across the West Coast. The transaction represents Life House’s first M&A transaction with several more expected to close later in 2021.
The Imprint Hospitality portfolio includes unique independent properties in “inspiring” locations across the West Coast, including The Historic Taos Inn in Taos, NM; Casa Secoya on the banks of the Russian River in Sonoma County, CA; Loyal Duke Lodge in Salida, CO and Salida Inn and Monarch Suites in Salida, CO, among others to be announced at a later date. The hotels will be operating with their existing independent branding, with Life House actively exploring opportunities to reposition select properties to one of its current or future lifestyle brands.
Imprint Hospitality was founded by hotel industry veterans Alexandra Walterspiel and Matthew Seim. Following the close of the transaction, the founders will join Life House’s advisory board and will remain long-term owners of the real estate through various affiliated investment vehicles.
“We are pleased to have identified a like-minded and forward-thinking partner in Life House who has the ability to materially improve the performance of our portfolio,” said Walterspiel, managing partner of Imprint Hospitality.
“As we’ve become more familiar with Life House and their value proposition, it’s clear they are the right partner to manage our unique hotels and in so doing, providing our team with additional bandwidth to focus on future real estate transactions in our target markets,” added Seim, managing partner of Imprint Hospitality.
The deal represents a commitment from Life House to its West Coast expansion efforts following the opening of Life House Lower Highlands in Denver in November. With five additional deals presently under contract across the West Coast, Life House continues to expand its network of independent and boutique properties across all corners of the U.S., the company reports.
“We are thrilled to finalize this transaction with Imprint Hospitality and their experienced management team, and happy to be able to help solve problems for hotel owners and our peers in the industry during these difficult times,” said Rami Zeidan, founder/CEO of Life House. “Matt and Alex have been great to work with and we are excited to expand our presence in Colorado following the opening of our Denver hotel while entering strategic submarkets in California and New Mexico.”
The transaction between the two parties was facilitated by Destination Capital, a Denver-based real estate advisory firm led by Bryan Auchterlonie.