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Business & Finance

Twenty Four Seven Hotels Takes Over Management of Los Angeles' DoubleTree by Hilton LAX-El Segundo

NEWPORT BEACH, CA. September 6, 2017 — Twenty Four Seven Hotels (www.247hotels.com), a leading U.S.-based hospitality management company, announces the expansion of its national portfolio with the addition of DoubleTree by Hilton LAX-El Segundo. Marking Twenty Four Seven Hotels’ foray into the Los Angeles market, the hotel is the first of four new projects slated for 2017. Continuing to strengthen its position as a sought-after hotel management company, the brand’s rapidly growing portfolio includes 19 active hotel projects through the Western U.S. and six contracted hotels currently under construction.

Catering to both business and leisure travelers, the 216-room hotel is the only full-service hotel in El Segundo—LA’s “Second City”— the aerospace capital of the world and a hotbed for industry and innovation with some of the most influential Fortune 500 companies on its doorstep. Adjacent to Silicon Beach and in close proximity to Los Angeles International Airport, the recently refreshed seven-story property is the perfect place to “land,” and the only hotel in the area that offers complimentary Uber services to-and-from the airport.

"It’s a solid benchmark for us to enter the Los Angeles market and become a part of a popular, corporate-driven community like El Segundo," said David Wani, President and Chief Executive Officer of Twenty Four Seven Hotels. "Bringing the first DoubleTree property into our portfolio is also an exciting development in our relationship with Hilton and with UHG, as they accelerate their footprint with this quality brand.”

Under the iconic Hilton brand, celebrating its centennial this year, the hotel will make every guest feel like a VIP with unparalleled service and distinct amenities such as their brand-driven, warm chocolate chip cookies, which are baked fresh daily.

On the heels of a significant upgrade, the reimagined DoubleTree by Hilton LAX-El Segundo will continue to receive improvements to the remaining rooms, along with tech updates including Whistle, a guest-oriented text messaging system. The brand new pool deck, set to be completed in early 2018, will serve as a perfect outdoor events venue. From the elegant lobby to the spacious meeting venues and guest rooms, the hotel’s new contemporary look and feel is sleek and sophisticated. Each of the thoughtfully designed rooms feature Sweet Dream Beds with luxurious linens, 37-inch flat screen televisions, contemporary wall art, vintage-inspired mirrors and work desks for the busy traveler. All six suites boast separate sitting areas with sleeper sofas in the living room.

With a farm-to-table concept in mind, the hotel is currently sourcing a new executive chef for the existing restaurant and catering operations. The property has an outdoor, heated junior Olympic-sized pool and its fitness complex has been upgraded with new equipment by Precor. The hotel also offers a 24-hour snack shop and Connectivity Center.

About Twenty Four Seven Hotels

An entrepreneurial and spirited hospitality company, Twenty Four Seven Hotels delivers highly specialized services in hotel management, investment and development. After a decade of focusing on upscale select-service hotels, Twenty Four Seven Hotels has firmly established itself in the growing lifestyle hotel market segment with the 2016 opening of the first Moxy hotel in the United States. Concentrated in the Western U.S., Twenty Four Seven Hotels continues to invest in high caliber hospitality talent to support its growing portfolio, currently at 22 managed hotel properties with global hospitality brands including Marriott, Hilton and Hyatt. For more information on Twenty Four Seven Hotels, visit www.247hotels.com. Twitter: @247hotels. Facebook: Twenty4SevenHotels.

About Umbrella Hotel Group

Umbrella Hotel Group is a family-owned, California-based hospitality/lifestyle company with a diverse portfolio of retail and hotel properties throughout the Western United States. Founded by Krishan Goyal and Charu Goyal, Umbrella Hotel Group is now on its way to becoming one of the largest developers and operators of IHG hotels and Hilton hotels in the West. The Hotel Group’s investments range from extended stay to upscale full-service hotels as well as large conference hotels and gaming properties. Over the years, the principals have operated and owned a stake in more than half a dozen hotels, aligning with some of the world's largest brands from Marriott Hotels to InterContinental Hotels Group.

Contact:
Emma Haber
emma@blinkcreativegroup.com

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.