DURANT, OK—Premier Hospitality Management, Inc. has selected Hotel Equities as the management firm for its portfolio of 21 midscale, upper-midscale and upscale hotels located in North Texas and Oklahoma.
Hotel Equities, an Atlanta-based full-scale hotel management, development and consulting firm operating more than 90 hotels throughout North America, assumes management on May 1.
“We’re honored to be able to partner with Premier Hospitality,” said Brad Rahinsky, president and COO, Hotel Equities. “Our values and priorities are in alignment. That was a critical component of all discussions as we felt it was key to ensuring both parties’ future success. We’ve been very impressed with what Premier has accomplished over the last 23 years and excited to be chosen as partners. We’re confident in our ability to take the strong platform that Raj and his team have created and elevate those accomplishments to the next level. The partnership will create additional opportunities for our three key stakeholders; our guests, our associates and our investors. We look forward to a long, mutually beneficial journey.”
With the addition of 21 hotels to its portfolio, Hotel Equities will create a regional office in Texas to support its operators as they oversee each discipline that impacts the business.
Raj Patel serves as president and CEO of Premier Hospitality Management, Inc., a privately held hospitality corporation that he and his wife, Mina, founded in 1992.
“We’re delighted to announce the partnership we’ve created with industry leader Hotel Equities,” said Patel. “We are impressed with their leadership, culture and operational excellence. All are clearly institutionalized into their day-to-day practices and result in Hotel Equities’ overall tremendous success. For the past 23 years, we have diligently built a strong portfolio of hotels. We are confident Hotel Equities will advance the management of our hotels to the next level allowing Premier to focus on future acquisition and development opportunities.”
Future locations identified throughout North Texas and Oklahoma include the Frisco, Sherman, Ardmore, McAlester, Norman, Edmond and Muskogee communities, with pursuant franchise agreements from Marriott International, Hilton Hotels and InterContinental Hotels Group.