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Business & Finance

PM Hotel Group Finalizes Management Agreement for Historic 217-Room Hotel du Pont in Wilmington, Delaware

WILMINGTON, DE. May 8, 2017 — PM Hotel Group, a leading, national hotel management company based in Washington, DC, announced today that it has assumed management of the historic, 217-room Hotel du Pont in Wilmington, Del. PM Hotel Group also will oversee a multi- million-dollar renovation of the hotel to include preserving historic aspects of the Four Diamond property and its signature Green Room restaurant.

“The Hotel du Pont and our recently announced Canopy by Hilton Washington, D.C. |Bethesda North and Canopy by Hilton Portland | Pearl District further authenticate our expansion into the independent and luxury/boutique space,” said Joseph Bojanowski, president of PM Hotel Group. “We have a long and successful track record in this segment, dating back to 2002 when we operated the world-famous Madison Hotel in Washington, D.C. We will continue to pursue similar opportunities with iconic and historic hotels that offer truly unique experiences and amenities that cannot be replicated.

The Hotel du Pont is one of the most acclaimed luxury hotels in the world, and it defines hospitality in the state of Delaware.” Opened in 1913, the Hotel du Pont has hosted U.S. presidents and other world leaders, first ladies, religious leaders, world-renowned musicians, artists and actors, professional athletes and innumerable tourists and business professionals. The hotel anchors a 950,000-square foot, mixed-use development that includes the DuPont Building. The entire complex will undergo an extensive enhancement that will update and renovate the existing DuPont Building while adding additional retail, commercial and residential components.

Located across the street from Rodney Square in downtown Wilmington, the hotel is within walking distance of the DuPont Theatre and Grand Opera House, Delaware State University Wilmington and Brown Park. The hotel conveniently is just a short drive from the Philadelphia International Airport and only minutes from Amtrak and Interstate 95. A member of Preferred Hotels & Resorts Worldwide and Historic Hotels of America, the hotel is home to the AAA Four-Diamond Award and Forbes Four-Star Award-winning Green Room, known for lavish design elements like fumed oak paneling, a coffered oak-beamed ceiling, gold chandeliers, richly textured draperies, Italian mosaics and original oil paintings. Guest rooms feature thoughtful touches like bathrobes and slippers, as well as complimentary Wi-Fi and wired internet access.

“Downtown Wilmington is a growing and thriving area that continues to attract increased numbers of business and leisure travelers seeking unique experiences in vibrant locations that raise the bar on hospitality,” Bojanowski added. “With this growth comes an obvious demand for lodging, and the Hotel du Pont is a one-of-a-kind jewel in one of the most dynamic parts of town. Following the completion of the hotel’s renovation, we are confident the hotel will continue to be the destination of choice for discerning business and leisure travelers to the area.”

About PM Hotel Group

PM Hotel Group was once again named a Top 20 Third-Party Hotel Management Company by Hotel Business magazine in 2017. This award-winning organization operates full-service and select-service hotels in the Hilton, Marriott, and IHG systems as well as internationally notable independent hotels. Celebrating its 20-year anniversary in 2016, PM Hotel Group provides expert leadership in all aspects of hotel operations, including development, technical services, marketing, accounting, and pre-opening. The company manages more than 40 hotel and development projects, comprised of more than 9,000 rooms, throughout the United States. Based in Washington, D.C., PM Hotel Group has participated in the development and acquisition/renovation of dozens of hotels with a market capitalization in excess of $1.5 billion. PM Hotel Group is an approved management company for all leading hotel brands. Additional information about the company may be found at www.pmhotelgroup.com.

Contact:
Leticia Proctor
corporate inquiries
LProctor@pmhotelgroup.com
(202) 787-3304

Chris Daly
media
chris@dalygray.com
(703) 435-6293

Coming Up In The December Online Hotel Business Review




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Feature Focus
Hotel Law: Issues & Events
There is not a single area of a hotel’s operation that isn’t touched by some aspect of the law. Hotels and management companies employ an army of lawyers to advise and, if necessary, litigate issues which arise in the course of conducting their business. These lawyers typically specialize in specific areas of the law – real estate, construction, development, leasing, liability, franchising, food & beverage, human resources, environmental, insurance, taxes and more. In addition, issues and events can occur within the industry that have a major impact on the whole, and can spur further legal activity. One event which is certain to cause repercussions is Marriott International’s acquisition of Starwood Hotels and Resorts Worldwide. This newly combined company is now the largest hotel company in the world, encompassing 30 hotel brands, 5,500 hotels under management, and 1.1 million hotel rooms worldwide. In the hospitality industry, scale is particularly important – the most profitable companies are those with the most rooms in the most locations. As a result, this mega- transaction is likely to provoke an increase in Mergers & Acquisitions industry-wide. Many experts believe other larger hotel companies will now join forces with smaller operators to avoid being outpaced in the market. Companies that had not previously considered consolidation are now more likely to do so. Another legal issue facing the industry is the regulation of alternative lodging companies such as Airbnb and other firms that offer private, short-term rentals. Cities like San Francisco, Los Angeles and Santa Monica are at the forefront of efforts to legalize and control short-term rentals. However, those cities are finding it’s much easier to adopt regulations on short-term rentals than it is to actually enforce them. The December issue of Hotel Business Review will examine these and other critical issues pertaining to hotel law and how some companies are adapting to them.