Platinum Equity
Mergers. Acquisitions. Operations.

Mergers. Acquisitions. Operations.

Hotel Portfolio

Hospitality · Other · Acquired in June 2010

The Hotel Portfolio comprises 12 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 12 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 December 2014
  • Acquired The Pittsburgh Marriott Hotel in February 2015
  • Acquired The Citizen Hotel in September 2015
  • Sold Four Points by Sheraton Philadelphia in December 2016

CURRENT PORTFOLIO INCLUDES

INITIATIVES

  • Implementing new sales and marketing programs designed to manage key contracts and work with the brands to maximize occupancy and room rate
  • 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

The Citizen Hotel Joins Autograph Collection Hotels™ Global Portfolio »


Hilton Worldwide Recognizes 2011 Hotel Development Award Winners for North America»