Hotel Equities Adds 13 Hotels in 4th Quarter
Re-organizes Firm for Growth
Atlanta, GA - January 20, 2014 - In a surge of unprecedented growth, Hotel Equities, an Atlanta-based hotel management and development company, added thirteen hotels to its portfolio in the fourth quarter of 2013. Beginning in early October with the addition of the boutique 4-star Wyvern Hotel in Punta Gorda, Florida, the firm made steady gains that included five La Quinta properties, a Courtyard and six additional hotels from Pennsylvania to Florida.
"We are encouraged by the solid year-end growth we have achieved as well as the development projects that are underway for 2014," said Joe Reardon, Vice President of Marketing and Business Development. "We attribute our impressive growth in 2013 to the performance of our portfolio. Our hotels surpassed their comp sets and delivered strong profitable gains to our ownership groups."
To manage the aggressive growth, Hotel Equities has reorganized its corporate structure under Brad Rahinsky, Chief Operating Officer, with the addition of multiple executive positions including two Vice Presidents of Operations and a Vice President of Talent and Administration. The firm hired outside talent, promoted veterans from within and filled those posts to complete a team of seasoned industry professionals with the skill sets and vision to assure success.
"We have streamlined our organization and put a passionate, award-winning team in place so that we can capitalize on the opportunities available in today's marketplace," said Mr. Rahinsky. "By expanding Hotel Equities and taking it to the next level, we leverage our current success and serve our investors, our associates and our guests."
"During the upcoming ALIS conference (the America's Lodging Investment Summit), we will have the pleasure of sharing additional iconic news related to our growth and development along with other successes with industry leaders interested in partnering with Hotel Equities," added Mr. Rahinsky.
Hotel Equities plans a special announcement regarding a major company milestone plus details about an extraordinary development project.
About Hotel Equities
Hotel Equities (HE) is an Atlanta-based full-scale hotel management, development and consulting firm. Frederick W. Cerrone, CHA, serves as President and CEO. HE presently has more than 50 properties in its portfolio. For more information, visit www.hotelequities.com.
Marriott International, Inc. (NASDAQ: MAR) is a global leading lodging company based in Bethesda,Maryland, USA, with more than 4,200 properties in 80 countries and territories. Marriott International reported revenues of nearly $14 billion in fiscal year 2014. The company operates and franchises hotels and licenses vacation ownership resorts under 19 brands, including: The Ritz-Carlton®, BVlgari®, EDITION®, JW Marriott®, Autograph Collection® Hotels, Renaissance® Hotels, Marriott Hotels®, Delta Hotels and Resorts®, Marriott Executive Apartments®, Marriott Vacation Club®, Gaylord Hotels®, AC Hotels by Marriott®, Courtyard®, Residence Inn®, SpringHill Suites®, Fairfield Inn & Suites®, TownePlace Suites®, Protea Hotels® and MoxyHotels®. Marriott has been consistently recognized as a top employer and for its superior business ethics. The company also manages the award-winning guest loyalty program, Marriott Rewards® and The Ritz-Carlton Rewards® program, which together surpass 50 million members. For more information or reservations, please visit our website at 
