NEENAH, WI—In the second acquisition deal for the brand this year, Cobblestone Hotels has purchased the Boulders Inn & Suites brand.
The Boulders Inn & Suites brand was first introduced in 2008, with the first location in Denison, IA. Boulders Inn & Suites has 15 locations open and one under construction in the state.
This new addition to the Cobblestone Hotels’ portfolio brings the brand’s current open locations to more than 130, in 27 states.
Brian Wogernese, president/CEO/founder of Cobblestone Hotels, said the company has been working with the Boulders Inn & Suites group for about a year. He stated the brand’s concepts and morals align with Cobblestone Hotels, highlighting the brand values, high-quality guestrooms and amenities. “Partnering with the Boulders Inn & Suites group made the perfect sense for us, and will strengthen our presence as a brand, not only in the Midwest, but the country as a whole,” he said.
Wogernese said the company has partnered with the Boulders Inn & Suites group to continue development in Iowa and Missouri, and look forward to them continuing to be a part of the strategic growth plan for both the Boulders Inn & Suites brand and the Cobblestone brand as a whole. The group will use the next couple of months to integrate the new brand into the Cobblestone Hotels portfolio.
“We are excited to announce the partnership that Boulders Inn & Suites has formed with Cobblestone Hotels,” said Tim Stuart, former CEO of Boulders Inn & Suites, and now development partner of Cobblestone Hotels. “With over 100 hotel properties under their umbrella, Cobblestone brings the necessary scale to allow our hotel properties to take the next steps in our promising future.”
Cobblestone Hotels’ six brands now include Boulders Inn & Suites by Cobblestone Hotels, Cobblestone Hotel & Suites, Cobblestone Inn & Suites, Boarders Inn & Suites by Cobblestone Hotels, Key West Inns, Hotels, & Resorts, and Centerstone Inns, Hotels, & Plaza Hotels.
As far as additional acquisitions for the Cobblestone Hotels brand, Wogernese said now the brand’s focus will be on strategy for all of the brands within Cobblestone and how to continue a steady growth.