Chartwell Hospitality to Manage 11 Capstone Development Properties
February 12, 2018 1:49pm
FRANKLIN, TN – February 12, 2018: Chartwell Hospitality LLC announced earlier this year that it has been selected to manage 11 Capstone Development LLC properties. This rapidly growing development and third-party management company has managed 8 additional Capstone hotels for the past several years. Chartwell Hospitality Chief Operating Officer Kevin Green made the announcement.
“We are thrilled to grow our portfolio of hotels and manage additional properties for Capstone Development. Our relationship began with Capstone in 2014, when they purchased the Hampton Inn & Suites Elliston Place and Hampton Inn Vanderbilt/West End in Tennessee. After seeing our commitment to providing exemplary financial and operational results, both Capstone and Chartwell began to look for additional opportunities to partner hotels and management agreements. Two years later, Chartwell Hospitality sold Capstone six hotels in south Florida where we continue to manage.” Stated Kevin Green, COO of Chartwell Hospitality LLC.
The additional 11 properties consist primarily of Hilton and Marriott brands along with one Choice Hotel property. Currently, there are 19 hotels in the Chartwell Hospitality portfolio that are owned by Capstone Development LLC. Chartwell Hospitality owns, develops and manages 37 hotels across 12 states with an additional four under construction and five more scheduled to break ground in 2018.
For more information, please visit www.ChartwellHospitality.com.
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Chartwell Hospitality LLC is a fully integrated real estate company specializing in the acquisition, development and management of high-quality, branded, limited-service and full-service hotels. Our occupancy and market rates consistently surpass the competition, and we have a proven track record for maximizing the cash flow and returns on our investments. Our growth and success are based on our mission to be the best in the business, as well as a commitment to constantly exceed the expectations of our investors, partners, guests and associates. Chartwell Hospitality was founded in 2003, and currently has more than 1,000 employees and nearly $750 million in stabilized or under construction assets.
Contact: Kevin Green
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