ATLANTA—Atlanta-based Hotel Equities added the management contract for The Wyvern Hotel, a 4-star boutique hotel in Punta Gorda, Florida, to its portfolio. This 63-room hotel is located on South Florida’s Gulf Coast.
The Wyvern Hotel marks the first addition for Hotel Equities after the firm completed a joint venture with Alliance Hospitality that increased their portfolio to more than 55 hotels. The property includes a rootop pool and lounge area, as well as a fitness center and plenty of meeting and event space.
“We are delighted to expand our portfolio in Florida with this beautiful and tastefully-appointed hotel,” said Brad Rahinsky, chief operating officer of HE. “We look forward to a rewarding and profitable working partnership with the hotel’s ownership group as we add value to this asset.”
“Hotel Equities brought a results-driven tradition of strong operations to our new partnership,” said John Wise, owner of The Wyvern. “Their experience contributed to a very nimble transition. After considering many choices, I knew Hotel Equities was a great fit.”