Sunday May 19th, 2024 4:28PM

Ashburton Hospitality Advisors Adds Ten Hotels to Hospitality Asset Management Portfolio

By The Associated Press

ATLANTA--(BUSINESS WIRE)--May 7, 2024--

Officials of Ashburton Hospitality, a full-service consultancy firm focused on asset management, today announced the addition of ten hotels to its rapidly expanding portfolio. The Marriott-, Hilton- and IHG-branded hotels are located throughout the Midwest, Eastern seaboard and southeastern U.S.

“We grow by expanding our partnerships with savvy hoteliers and well-respected brands,” said Carmen Almos, founder and CEO, Ashburton. “We pride ourselves on bringing seasoned expertise in revenue and cost management to deliver enhanced returns for our owners. Ashburton is able to help drive results by working as the ‘tip of the spear’ between management companies and ownership. Already, we are finding success through collaboration and best practices recommendations as evidenced by an improvement in year-over-year RPI and GOP margin performance.”

Ashburton is in the early planning phase for multiple projects across the new portfolio, including a rooftop bar enhancement and a pool bar redesign. The firm also has begun assisting its new client with reporting, BI implementation and dashboard creation to streamline investor communications.

About Ashburton Hospitality

Ashburton Hospitality is a full-service consultancy focused on asset management. The company offers a full suite of services, including project management, transaction advisement and lender/receivership services. The company’s portfolio now includes twenty-one hotels across eleven states.

View source version on businesswire.com:https://www.businesswire.com/news/home/20240507471836/en/

CONTACT: Chris Daly, media

[email protected]

(703) 864-5553

KEYWORD: UNITED STATES NORTH AMERICA GEORGIA

INDUSTRY KEYWORD: COMMERCIAL BUILDING & REAL ESTATE CONSTRUCTION & PROPERTY LODGING FINANCE ASSET MANAGEMENT TRAVEL CONSULTING PROFESSIONAL SERVICES

SOURCE: Ashburton Hospitality

Copyright Business Wire 2024.

PUB: 05/07/2024 08:56 AM/DISC: 05/07/2024 08:55 AM

http://www.businesswire.com/news/home/20240507471836/en

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