Platinum Equity
Mergers. Acquisitions. Operations.

Mergers. Acquisitions. Operations.

Hotel Portfolio

Hospitality · Other · Acquired in June 2010

The Hotel Portfolio comprises 13 hotel and hospitality businesses operating in various locations across the United States.

 
The DoubleTree by Hilton Hotel Bloomington – Minneapolis South.

KEY FACTS

  • More than 3,000 rooms across 13 hotel facilities
  • Sold DoubleTree by Hilton Hotel Carson in October 2014
  • Sold Double Tree by Hilton Dallas Fort Worth Airport in December 2014
  • Acquired The Domain Hotel Sunnyvale in November 2014
  • Acquired The Citizen Hotel in August 2015
Current Portfolio includes:
Crowne Plaza Oceanfront
- DoubleTree by Hilton Suites Raleigh-Durham
- DoubleTree by Hilton Suites Tampa Bay
- DoubleTree by Hilton Bloomington Minneapolis South
- Embassy Suites Boca Raton
- Embassy Suites Downtown St. Paul
- Four Points by Sheraton Philadelphia Northeast
- Pittsburgh Airport Marriott
- Sheraton Pittsburgh Airport Hotel
- Sheraton Suites Ft. Lauderdale at Cypress Creek
- The Holiday Inn San Antonio International Airport
- The Domain Hotel Sunnyvale

- The Citizen Hotel

INITIATIVES

  • Implementing new sales and marketing programs designed to manage key contracts and work with the brands to maximize occupancy
  • Applying operational transformation initiatives
    - New management
    - Streamlining operations to achieve efficient cost structure
    - Focused sales and marketing programs
  • Deploying sophisticated revenue management strategies
  • Extensive renovations physically transforming hotels
  • Selective upbranding maximizing performance
  • Hilton Worldwide awarded Platinum Equity the 2011 Developer of the Year award for the DoubleTree by Hilton brand in recognition of the improvements made at the Bloomington property

NEWS

updated 9/15