Latest news with #HotelEquities'
Yahoo
08-05-2025
- Business
- Yahoo
Hotel Equities, Springboard Hospitality merge
This story was originally published on Hotel Dive. To receive daily news and insights, subscribe to our free daily Hotel Dive newsletter. Hotel Equities and Springboard Hospitality entered a strategic merger effective May 1, the hospitality management firms announced Tuesday. The firms did not disclose terms of the deal. Springboard CEO Ben Rafter will take over as CEO of the combined company. Brad Rahinsky, former president and CEO of Hotel Equities, will serve as chairman. For now, both parts of the combined company continue to operate under their own names, a spokesperson told Hotel Dive. The move combines Atlanta-based Hotel Equities' branded, select- and full-service hotel portfolio with Springboard's roster of independent, lifestyle and resort properties. The resulting portfolio spans 300-plus urban, resort and outdoor destinations across the the U.S., Canada, the Caribbean and Latin America. The merger combines Hotel Equities' 'operational excellence, scaled purchasing power and expansive North American footprint' with Springboard's 'entrepreneurial roots and strengths in commercial strategy, technology leadership, and deep expertise in West Coast and Hawaii markets,' per the announcement. Al Smith, previously Hotel Equities' president of hotel operations, will be chief operating officer of the new company. Rob Robinson, formerly executive vice president of Springboard, will be Springboard's president. In a statement, Rahinsky said the combined company "establishes scale with expanded regional insight and entrepreneurial agility to support owners across every asset class.' Rafter added that the firms' combined expertise will allow the new company to 'move faster, think more creatively, and deliver long-term value in ways that legacy operators simply can't.' The merger follows a long line of partnerships furthering Hotel Equities' growth strategy. In March, the firm announced a strategic partnership with Arkansas-based Pinnacle Hotel Group, effective May 1. And since 2021, Hotel Equities has partnered with Colorado-based Greenwood Hospitality, North Dakota-based National Hospitality Services, Tennessee-based Maximum Hospitality, Maryland-based Coakley & Williams Hotel Management, Washington-based The Hotel Group and Florida's Trust Hospitality. Hotel Equities' portfolio has approximately 300 hotels in the U.S., Canada, Caribbean and Latin America, while Springboard brings 48 hotels and resorts across 14 states to the deal. Hotel Equities named Greg O'Stean chief development officer last month.
Yahoo
06-05-2025
- Business
- Yahoo
Hotel Equities and Springboard Hospitality Announce Strategic Merger
ATLANTA and HONOLULU, May 06, 2025 (GLOBE NEWSWIRE) -- Hotel Equities and Springboard Hospitality today announced a strategic merger, effective May 1, creating a scaled and differentiated hotel management company built to deliver value for hotel owners across branded and independent segments. The merger brings together two complementary organizations with distinct strengths: Hotel Equities, known for its superior performance in branded, select- and full-service assets, and Springboard Hospitality, a leader in managing independent, lifestyle, and resort properties. The combined company will operate a broad portfolio of properties across the United States, Canada, the Caribbean, and Latin America spanning urban, resort and outdoor destinations. The newly merged entity will continue to operate as an owner-focused management company, offering tailored strategies backed by institutional-grade infrastructure, deep operational expertise, and a flexible, entrepreneurial mindset. Ben Rafter, CEO of Springboard Hospitality, is the new chief executive officer of the combined company. Brad Rahinsky, former president and CEO of Hotel Equities, will assume the role of chairman. 'This next chapter for the combined company establishes scale with expanded regional insight and entrepreneurial agility to support owners across every asset class,' said Brad Rahinsky, chairman of Hotel Equities. Ben Rafter, CEO of Hotel Equities, added, 'We start with what both companies do best: revenue generation and technology innovation. We've earned our reputation by unlocking new revenue opportunities, embracing technology to stay ahead of the curve, and tailoring creative solutions for each asset. From there our combined expertise allows us to move faster, think more creatively, and deliver long-term value in ways that legacy operators simply can't.' Al Smith, Hotel Equities' president of hotel operations, will assume the newly created role of chief operating officer, and Rob Robinson, executive vice president of Springboard Hospitality, will transition to the role of president of Springboard Hospitality. Hotel Equities' operational excellence, scaled purchasing power, and expansive North American footprint—combined with Springboard's entrepreneurial roots and strengths in commercial strategy, technology leadership, and deep expertise in West Coast and Hawaii markets—creates a powerful hospitality platform. This next chapter establishes meaningful scale with expanded regional insight and entrepreneurial agility. A full suite of services—including operations, revenue management, marketing, food and beverage strategy, capital planning, and development—supported by dedicated teams and a strong track record in both branded and independent environments is offered. Additional announcements, including key hires and expanded services, will be shared in the coming months as the company builds toward its next phase of growth.
Business Wire
06-05-2025
- Business
- Business Wire
Hotel Equities and Springboard Hospitality Announce Strategic Merger
ATLANTA & HONOLULU--(BUSINESS WIRE)-- Hotel Equities and Springboard Hospitality today announced a strategic merger, effective May 1, creating a scaled and differentiated hotel management company built to deliver value for hotel owners across branded and independent segments. The merger brings together two complementary organizations with distinct strengths: Hotel Equities, known for its superior performance in branded, select- and full-service assets, and Springboard Hospitality, a leader in managing independent, lifestyle, and resort properties. The combined company will operate a broad portfolio of properties across the United States, Canada, the Caribbean, and Latin America spanning urban, resort and outdoor destinations. The merger brings together two complementary organizations: Hotel Equities, known for its superior performance in branded, select- and full-service assets, and Springboard Hospitality, a leader in managing independent, lifestyle, and resort properties. Share The newly merged entity will continue to operate as an owner-focused management company, offering tailored strategies backed by institutional-grade infrastructure, deep operational expertise, and a flexible, entrepreneurial mindset. Ben Rafter, CEO of Springboard Hospitality, is the new chief executive officer of the combined company. Brad Rahinsky, former president and CEO of Hotel Equities, will assume the role of chairman. 'This next chapter for the combined company establishes scale with expanded regional insight and entrepreneurial agility to support owners across every asset class,' said Brad Rahinsky, chairman of Hotel Equities. Ben Rafter, CEO of Hotel Equities, added, 'We start with what both companies do best: revenue generation and technology innovation. We've earned our reputation by unlocking new revenue opportunities, embracing technology to stay ahead of the curve, and tailoring creative solutions for each asset. From there our combined expertise allows us to move faster, think more creatively, and deliver long-term value in ways that legacy operators simply can't.' Al Smith, Hotel Equities' president of hotel operations, will assume the newly created role of chief operating officer, and Rob Robinson, executive vice president of Springboard Hospitality, will transition to the role of president of Springboard Hospitality. Hotel Equities' operational excellence, scaled purchasing power, and expansive North American footprint—combined with Springboard's entrepreneurial roots and strengths in commercial strategy, technology leadership, and deep expertise in West Coast and Hawaii markets—creates a powerful hospitality platform. This next chapter establishes meaningful scale with expanded regional insight and entrepreneurial agility. A full suite of services—including operations, revenue management, marketing, food and beverage strategy, capital planning, and development—supported by dedicated teams and a strong track record in both branded and independent environments is offered. Additional announcements, including key hires and expanded services, will be shared in the coming months as the company builds toward its next phase of growth. About Hotel Equities Hotel Equities is an award-winning hotel ownership, management, and development firm with a portfolio of 200 hotels, resorts, and outdoor hospitality destinations throughout the United States, Canada, the Caribbean, and Latin America. For more information, visit About Springboard Hospitality Springboard Hospitality is a premier third-party hotel management company, dedicated to transforming people, properties, and communities. Currently operating 51 hotels and resorts across 14 states, Springboard is a leader in managing localized and customized boutique lifestyle hotels in urban and resort markets. Led by technology entrepreneur Ben Rafter, Springboard specializes in delivering customizable management solutions with a quant-driven strategy while serving owners. For more information about Springboard Hospitality, please visit and follow on Facebook, Instagram, and LinkedIn.
Yahoo
17-04-2025
- Business
- Yahoo
Hotel Equities appoints new chief development officer
This story was originally published on Hotel Dive. To receive daily news and insights, subscribe to our free daily Hotel Dive newsletter. Hotel Equities appointed 30-year hospitality industry veteran Greg O'Stean as its new chief development officer, the company announced Tuesday. O'Stean joins the Alpharetta, Georgia-based hotel owner, operator and developer from United Hospitality Management, where as CEO he oversaw a global portfolio of hotels across Europe and the Middle East, according to Hotel Equities. Prior to his stint at United Hospitality Management, O'Stean was chief development officer at Aimbridge Hospitality as well as Interstate Hotels & Resorts, according to his LinkedIn. He also previously held leadership positions at Starwood Hotels & Resorts, IHG Hotels & Resorts and Loews Hotels. In his new role, O'Stean is tasked with leading Hotel Equities' development platform, accelerating strategic growth initiatives and expanding the company's global footprint, which currently spans 200 hotels, resorts and outdoor hospitality destinations across the U.S., Canada, the Caribbean and Latin America. O'Stean succeeds Joe Reardon, who will shift to focus on strategic partnerships as vice chairman. 'I'm looking forward to working with Greg as we continue our growth,' said Reardon, who led Hotel Equities' business development efforts for the past 11 years, in a statement. 'His reputation and relationships will not only accelerate our development goals but also help my efforts to identify and expand strategic partnerships.' Last month, Hotel Equities inked a strategic partnership with Arkansas-based Pinnacle Hotel Group. Effective May 1, Pinnacle's portfolio and development pipeline will be integrated into Hotel Equities' management platform. O'Stean's appointment comes after Hotel Equities named Eric McCarthy-Zink CFO and Aik Hong Tan chief investment officer last year. Sign in to access your portfolio
