Hotel Manager
ACRO-HT has engaged ARA US Hospitality Management, Inc. ("Hotel Manager"). The Hotel Manager oversees the operations and management of the portfolio in the capacity of asset manager. The Hotel Manager uses third-party property managers (i.e., Aimbridge, Avion, Concord, and Chartwell) for direct, day-to-day operations of the hotels. As the asset manager, the Hotel Manager manages the property managers on behalf of the Trust.
Aimbridge Hospitality ("Aimbridge")
Aimbridge is the leading third-party hotel management company in the world with a portfolio of more than 1,100 hotels in 49 states in the U.S. and 20 countries.
It currently manages 18 of our Hyatt-branded hotels.
For more information on Aimbridge, please visit here
Avion Hospitality ("Avion")
Avion is a third-party management platform that works with its vendor-partners to allow for the identification and implementation of operational initiatives to improve bottom-line hotel performance. Founded in 2022 by former senior Aimbridge executives, Avion is based in Dallas, Texas and operates hotels across the U.S.
They currently manage 8 of our Hyatt-branded hotels.
For more information on Avion, please visit here
Concord Hospitality ("Concord")
Concord is one of the premier operators in the hotel industry with 102 hotels currently under management, and over 30 years of operational expertise.
It currently manages our portfolio of 3 Marriott-branded hotels.
For more information on Concord, please visit here
Chartwell Hospitality ("Chartwell")
Chartwell is a fully integrated hotel operating company with over 20 years of operational expertise. As Chartwell also develops and owns hotel properties, they have a unique owner's perspective on generating stellar returns as a manager.
They currently manage our Home2 Suites by Hilton Colorado Springs South hotel and 3 of our Hyatt-branded hotels.
For more information on Chartwell, please visit here
