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Acquisitions & Hotel Openings

Tharaldson Hospitality Management Opens Staybridge Suites Columbus Polaris

COLUMBUS, OH. September 6, 2017 - Tharaldson Hospitality Management, has announced the opening of Staybridge Suites® Columbus Polaris, an Intercontinental Hotel Group brand, in one of the most impressive shopping destinations in Columbus with an annual visitor rate exceeding 12 million visitors. The 119 all-Suite hotel is located at 9090 Lyra Drive, Columbus Ohio.

Aimee Fyke, Chief Operating Officer, Tharaldson Hospitality, said, “As part of IHG’s family of brands, Staybridge Suites® Columbus Polaris endeavors to provide guests with the best extended-stay experience possible. We believe our unique offering, coupled with an excellent location at Polaris Centers of Commerce will allow Staybridge Suites® Columbus Polaris to serve the needs of families, leisure, and business travelers alike”.

The hotel’s connection to the Polaris Fashion Place and proximity to new IKEA Columbus Home Furnishings and Tanger Factory Outlet, make it an attractive location for families as well as transient guests to Columbus. Business travelers can now choose this ideal location situated at Polaris. The hotel is off I71 which provides a commute of less than 15 minutes to John Glenn International Airport and the hotel is also close to downtown Columbus, allowing guests to reach the center of the city in less than 20 minutes.

“We are delighted to partner with IHG with the launch of Staybridge Suites® Columbus Polaris. The Polaris area economy continues to grow as a commercial hub for JP Morgan Chase and industries such as engineering, real estate, construction, and IT/telecommunications. This means an ever-increasing number of visitors who need extended stay options. Staybridge Suites® Columbus Polaris offers business travelers a world-class extended stay experience whenever they make Polaris their home-away-from home”, said Rachel Marchant, General Manager.

Staybridge Suites Polaris hotels cater to extended-stay travelers and offer competitive rates to business travelers. Guests will be able to choose from a selection of three suite configurations (deluxe studio, one-bedroom and two-bedroom/2bath). Staybridge Suites® Columbus Polaris offers a home-like, upscale extended stay with a feeling of community with free Wireless Anywhere, suites with more space and a full kitchen, evening receptions and complimentary hot breakfast. There are also full-sized storage units, huge great room with two-story stone gas fireplace, business center, heated indoor pool, fitness center, gas fire pits and we are pet friendly. We know that being on the road means balancing work, family and friends, so we will go out of our way to make your travelers stays enjoyable while keeping them connected to what matters most.

About Tharaldson Hospitality Management

Since his first hotel acquisition in 1982, Gary Tharaldson has owned over 350 hotel properties throughout the United States. He has been instrumental in developing prototype properties for the likes of Marriott and Hilton, and has received numerous Developer of the Year awards from the same highly respected franchise companies. Tharaldson Hospitality Management LLC, operates a portfolio of business class hotels under franchise license agreements with Intercontinental Hotels Group, Marriott International and Hilton. Our goal is to maximize the operational quality and financial performance of our hotels, grow market share and enhance the performance of our hotels through the constant pursuit of superior levels of quality, efficiency and service. Our people are our strength and we believe in allowing individuals at all levels the freedom to be creative, solve problems and implement their decisions. THM, formed in January 2011, manages 36 hotels in 14 states with an additional 5 hotels opening in 2017.

About Staybridge Suites Hotels

Staybridge Suites® is an innovative, all-suite hotel brand designed to meet the needs of extended stay guests seeking a warm sense of community in a home-like environment that is perfect for business, relocation and vacations. The Staybridge Suites brand entered the extended stay segment in December 1998 when its flagship location in Alpharetta, Ga., opened. Since that opening, the Staybridge Suites brand continues to grow rapidly with 219 hotels open across the Americas, Europe and the Middle East. There are more than 100 Staybridge Suites hotels in the pipeline, including eight outside of the Americas. For more information about the Staybridge Suites brand, call 1-877-238-8889 or visit www.StaybridgeSuites.com.

Contact:
Amy Trostle
atrostle@thmc.biz
217.876.8809

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.