McKibbon Hotel Management Acquires Two Management Contracts from Wheelock Street Capital
BONITA SPRINGS, FL. September 16, 2015 - McKibbon Hotel Management, Inc., an award-winning leader in the hotel development and management industry, has recently acquired two new management contracts in Bonita Springs, Florida, from Wheelock Street Capital, a private real estate investment firm. Effective August 31, McKibbon Hotel Management will manage the Homewood Suites on Highland Woods Blvd. and the Hampton Inn on Crown Lake Blvd.
"Since we entered the market in 1996, our hotels in Lee County have seen great growth and success," said Vann Herring, chief executive officer of McKibbon Hotel Management. "Wheelock Street Capital has been an integral part of that growth and an invaluable partner of ours for many years. Wheelock's trust in McKibbon and our past performance as operators was a catalyst to their decision to grow with our company."
McKibbon Hotel Management is a familiar face in the Lee County area. The company developed and manages four other hotels including the Residence Inn on Colonial Blvd. owned by American Realty Capital (ARC) the Springhill Suites on Market Place Rd. and the Courtyard Gulf Coast Town Center on Gulf Center Drive both owned by Noble Investment Group and the Residence Inn on Gulf Center Drive owned by McKibbon. McKibbon employs a total of 145 employees in Lee County and nearly 2,500 employees company-wide.
The acquisition of the two management contracts from Wheelock Street Capital brings McKibbon Hotel Management's total number of managed hotels to 83 properties for nine different ownership groups in 13 states.
About McKibbon Hotel Management, Inc.
McKibbon is proud to be a three--‐generation, recognized leader as a hotel developer, owner, and operator. McKibbon Hotel Management, Inc., headquartered in Tampa, Fla., currently operates over 80 properties in 13 states and has a rich history and culture that promotes a family oriented environment, while holding true to its core values of honesty, integrity and loyalty. For additional information, please visit http://www.mckibbon.com.
Contact:
Lauren Bowles
[email protected]
(813) 767-‐5802
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