NATIONAL REPORT—Even during a pandemic, management deals are still being closed. Here’s a closer look at two recent portfolio additions:
Davidson to Operate Margaritaville Orlando Resort
Davidson Hotels & Resorts has been tapped by Encore Capital Management to assume management of Margaritaville Resort Orlando. The 186-room casual-luxe resort features four on-site dining and lounge experiences; lagoon-style pools; signature St. Somewhere Spa; teen and kids clubs; Sunset Walk Entertainment District; Island H2O Live! Water Park; and more than 40,000 sq. ft of flexible meeting and event space.
“We are excited to begin a new partnership with Davidson Hotels & Resorts and were drawn to the company’s holistic approach toward value optimization and its existing operating experience within the Margaritaville brand,” said Peter Brown, executive director, Encore Capital Management. “Through quality stewardship of this tremendous asset, we are confident that the Davidson team will not only drive superior performance, but also embrace and wholeheartedly deliver the ‘no worries’ paradise guest experience.”
Opened in December 2018, Margaritaville Resort Orlando offers two styles of accommodations: the Margaritaville Hotel, which features upscale amenities and balconies in each guestroom; and the Margaritaville Cottages private residences.
Marin Management Adds California Holiday Inn to Portfolio
Marin Management Inc.has signed a hotel management contract with Holiday Inn Redding, a 125-room full-service hotel located near the Shasta Cascade region in Redding, CA.
Located near downtown Redding, Holiday Inn Redding offers the area’s largest privately owned convention center, with six meeting rooms and more than 8,000 sq. ft. of event space. On-site amenities include a swimming pool, jacuzzi spa, fitness center, business center and Braided Mane, the hotel’s on-site restaurant and bar.
“We’re pleased to work with Holiday Inn Redding to provide a network of sales support, resources and guidance on managing costs and operations during this difficult period,” said Gary Hogan, CEO of Hogan Hospitality, parent company of Marin Management. “The hospitality industry is facing unprecedented challenges as a result of COVID-19, and we’re focused on helping our clients plan for the recovery and reopening period, which will be especially critical in the coming months.”