WASHINGTON, D.C.— PM Hospitality Strategies (PMHS), a hotel management and joint-venture investment company, announced that it recently signed two hotels to its management portfolio, the first step in a new expansion program. The Hampton Inn and Fairfield Inn and Suites-branded properties are located in the Washington, D.C. metro area.
“Our goal is to add five to ten hotels in 2013, focusing on third-party management contracts with strong institutional investors,” said Joseph Bojanowski, PMHS president. “We have extensive expertise in acquisitions, turn-arounds and repositionings, areas in which we expect to see a significant amount of activity over the next several years.”
The new management contracts include the Hampton Inn, Potomac Mills/Woodbridge, an 87-room hotel that recently completed a comprehensive refresh program; and the Fairfield Inn and Suites by Marriott, Dulles Airport Chantilly, an 84-room hotel that offers a swimming pool, fitness facilities, and business center.
PMHS’ growth will focus on premium-branded, full-service, select-service, and extended-stay hotels located in urban and suburban areas. “Our management team has operating expertise in all regions of the country, and we will expand geographically to meet the needs of our existing and future clients/partners,” said Bojanowski. “There are opportunities for smart development, and we have a number of viable, shovel-ready projects in our development pipeline.”