With no deal details made available, the move adds 1,240
keys to the Crestline Hotels & Resorts portfolio, including a strong
concentration in Colorado.
FAIRFAX, Virginia – Crestline Hotels & Resorts has
acquired the management contracts of 13 hotels previously part of Five Senses
Hospitality’s portfolio. No other details about the deal have been made
available.
The properties are spread over three states and total 1,240
keys. The portfolio builds on Crestline’s presence in Colorado with 11
additional properties and expands the company’s geographic presence by adding
hotels in Kansas and Arkansas. Crestline now manages 135 hotels (18,400 rooms)
in 29 states and the District of Columbia.
The portfolio includes six hotels within the Marriott family
of brands, two Hilton Tapestry properties, an IHG branded hotel, a Hyatt House,
two Choice Hotels—including one Ascend Collection property, and one independent
private label hotel.
In addition to the existing portfolio, Dallas-based Bedford
Lodging, owner of six hotels in the portfolio, has engaged Crestline to manage
an additional hotel currently under construction and scheduled to open later
this year, a Tapestry by Hilton Hotel in Ft. Worth, Texas.
Founded in 2013 by Owner and President Jeff Blackman,
Bedford has developed 10 hotels and acquired four since inception.
The Five Senses portfolio moving to Crestline include:
- SpringHill Suites Denver West/Golden, Lakewood,
Colorado – 127 rooms
- Courtyard Denver Southwest/Lakewood, Lakewood,
Colorado – 90 rooms
- Residence Inn Denver Southwest/Lakewood,
Lakewood, Colorado – 102 rooms
- The Golden Hotel, Golden, Colorado 62 rooms
- AC Frisco Colorado, Frisco, Colorado – 133 rooms
- Fairfield Inn & Suites Boulder Longmont,
Longmont, Colorado – 95 rooms
- Comfort Inn & Suites Carbondale on the
Roaring Fork, Carbondale, Colorado – 76 rooms
- Holiday Inn Express & Suites Colorado
Springs Airport, Colorado Springs, Colorado – 94 rooms
- Hyatt House Colorado Springs Airport, Colorado
Springs, Colorado – 112 rooms
- The Hoffmann Hotel, Basalt, Colorado – 122 rooms
- The Pad Silverthorne, Silverthorne, Colorado –
39 rooms
- Aloft Wichita, Wichita, Kansas – 126 rooms
- The Waters, Hot Springs, Arkansas – 62 rooms
“We are hitting the ground running as we assume management,”
said Crestline President and CEO James Carroll. “We have deployed our teams to
all properties as we build a smooth transition to establish Crestline’s best
practices for guest service, team engagement, community involvement and owner
relations.”