Latest news with #SpringboardHospitality
Yahoo
07-05-2025
- Business
- Yahoo
Hotel Equities and Springboard Hospitality enter merger
Hotel Equities and Springboard Hospitality have merged, forming a 'differentiated' hotel management company. This move is said to unite two 'complementary' entities with distinct capabilities in the hospitality sector. Hotel Equities is known for its experience in managing branded, select and full-service assets, while Springboard Hospitality oversees independent, lifestyle and resort properties. The joint entity will manage a portfolio of properties in the US, Canada, the Caribbean and Latin America. These properties span various destinations including urban centres, resorts and outdoor locales. Springboard Hospitality CEO Ben Rafter will lead the merged company as CEO. Brad Rahinsky, previously the president and CEO of Hotel Equities, will take on the role of chairman. Brad Rahinsky said: 'This next chapter for the combined company establishes scale with expanded regional insight and entrepreneurial agility to support owners across every asset class.' Al Smith, president of hotel operations at Hotel Equities, will be appointed as the chief operating officer, and Springboard Hospitality executive vice-president Rob Robinson will become the president of Springboard Hospitality. Hotel Equities said that the merger integrates its 'scaled purchasing power' and North American presence with Springboard's experience in commercial strategy, technology and expertise in West Coast and Hawaii markets. The company will offer a range of services encompassing capital planning, development, food and beverage strategy, marketing, operations and revenue management. Rafter said: 'We start with what both companies do best: revenue generation and technology innovation. We have 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.' As the company progresses towards its next growth phase, it plans to announce key hires and expanded services in the upcoming months. "Hotel Equities and Springboard Hospitality enter merger" was originally created and published by Hotel Management Network, a GlobalData owned brand.
Hospitality Net
07-05-2025
- Business
- Hospitality Net
Hotel Equities and Springboard Hospitality Announce Strategic Merger
Hotel Equities and Springboard Hospitality 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. Brad Rahinsky, chairman of Hotel Equities 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. Ben Rafter, CEO of Hotel Equities 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 (HE) is an award-winning full-scale hotel ownership, management, and development firm with a portfolio of approximately 300 hotels, resorts and outdoor hospitality locations throughout the United States, Canada, the Caribbean, and Latin America. Fred Cerrone, CHA, serves as Founder and Chairman; Brad Rahinsky serves as President and CEO. For more information on Hotel Equities, visit About Springboard Hospitality Springboard Hospitality is a premier third-party hotel management company, dedicated to transforming people, properties, and communities. Currently operating 48 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 creating customizable management and quantifiable returns on investment while working directly with owners. The company offers a full spectrum of hotel services with expertise in operations, capital planning, marketing, revenue management, sales and human resources. The nimble team at Springboard Hospitality offers a personalized and hands-on approach to day-to-day management and is committed to going above and beyond with high-touch service in every aspect of its operations, from its interactions with guests to its relationships with owners. For more information, please visit
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.
