Terrapin Hospitality revealed at the Hunter Conference that it has added 17 properties with more than 2,400 keys to its managed portfolio in the first quarter of this year.
“The addition of these properties aligns with our strategic growth to work new partners to add assets to our managed portfolio,” said Tony Sherman, founder/principal, Terrapin Hospitality. “These properties showcase our versatility in providing superior management to independent hotel brands, full-service properties and glamping resorts. Each of these properties are unique in their own way, and we see vast opportunities for revenue growth to increase asset value and ensure these properties are best in class in their respective markets.”
Sherman told Hotel Business that many of these new properties came from owners Terrapin had previously done business with or owners who were referred to the management company by others. “Referrals and word of mouth are really how you grow a business, and it is really starting to happen,” he said.
The new properties:
- 105-room Quality Inn & Suites, Castle Rock, CO
- 202-room Clarion Inn Sheffield Muscle Shoals, Sheffield, AL
- 94-room Montana Trailhead Inn, Billings, MT
- 100-room La Quinta Inn & Suites Jonesboro, Jonesboro, AR—opening in May
- 187-room Quail Hollow Resort, Trademark by Wyndham, Painesville, OH
- 287-room Radisson, Denver
- 178-room Four Points by Sheraton West Lafayette, West Lafayette, IN
- 147-room Holiday Inn Lafayette—City Centre, Lafayette, IN (pictured above)
- 107-room Hotel RL St Louis Airport, St. Louis
- 115-room Aksarben Suites, Trademark by Wyndham, Omaha, NE
- 75-room Holiday inn Express Silver City, Silver City, NM
- 16-courtyard cabin Glamping Lucky Arrow Retreat, Dripping Springs, TX
- 103-room Fairfield Inn & Suites St. Petersburg Clearwater, Clearwater, FL
- 87-room Aloft Houston Shenandoah, Shenandoah, TX
- 99-room Aloft Houston Katy, Katy, TX
- 105-room Hampton Inn College Park, College Park, MD
- 120-room Hilton Garden Inn Columbia, Columbia MD
- 115-room Homewood Suites by Hilton Columbia/Laurel, Laurel, MD