DENVER, Colorado—Peregrine Hospitality broadened its platform by including 26 select-service properties to its administration portfolio.
“After we created Peregrine Hospitality final 12 months, our objective was to increase our enterprise past resorts and create a broader hospitality platform that features select-service accommodations as an asset class,” mentioned Pete Sams, chief working officer, Peregrine Hospitality Group. “Our staff’s deep experience in managing top-tier resorts and boutique accommodations builds on our distinctive proprietor/operator strategy and philosophy that permits us to deliver the identical stage of operational excellence to those properties and improve visitor experiences whereas maximizing efficiency.”
Over the previous 12 months, Peregrine has taken on the administration of the vast majority of Mission Hill’s portfolio of premium select-service and extended-stay accommodations, with 5 transferred belongings in February:
- Hilton Backyard Inn, a 133-key lodge in Temple, Texas
- Residence Inn, Waltham and Fairfield Inn & Suites Waltham, a 192-key, single-building, dual-branded lodge in Waltham, Massachusetts
- Inn of Naples, Tapestry Assortment by Hilton, a not too long ago renovated 100-key property in Naples, Florida
- SpringHill Suites Truckee, a 114-key Marriott Bonvoy property with a mixture of king and queen suites close to Lake Tahoe in California
“There continues to be excessive investor and shopper demand for well-located select-service accommodations,” mentioned Brandon Frederick, senior vp, operations, choose service, Peregrine Hospitality Group. “We’re delighted for the chance to increase our administration capabilities and increase the portfolio. Peregrine has constructed an impressive and skilled staff to proceed to raise the model and capitalize on our strengths, sources, relationships, expertise, experience and information of hospitality administration.”
Peregrine’s portfolio of select-service accommodations is positioned throughout 17 states, notably in markets pushed by year-round schooling, medical, company, and leisure demand. The areas exhibit Peregrine’s capability to work throughout mixed-demand markets and ship constant service.
The portfolio consists of 21 extra select-service properties managed by Peregrine: Aspect Atlanta Buckhead; SpringHill Suites Atlanta Downtown; Tru by Hilton Atlanta Galleria Ballpark; Home2 Suites by Hilton Blacksburg; Residence Inn Breckenridge; Homewood Suites by Hilton Cathedral Metropolis; AC Resort Clearwater Seashore; Courtyard Clearwater Seashore; AC Resort Durham; Courtyard Edison Woodbridge; Home2Suites by Hilton Jacksonville Airport; Hampton Inn & Suites Myrtle Seashore/Oceanfront; SpringHill Suites Navarre Seashore; Hyatt Home Portland Beaverton; Home2 Suites by Hilton Savannah Airport; Aloft Savannah Downtown Historic District; Fairfield Inn & Suites Savannah Downtown Historic District; Vacation Inn Steamboat Springs; La Quinta Inn by Wyndham Steamboat Springs; and The Oread Lawrence, Tapestry Assortment by Hilton; Residence Inn Tuscaloosa.