Done Deals: PM Hospitality Strategies Adds Two Contracts as Part of New Expansion Plan

Monday, March 25, 2013

PM Hospitality Strategies Adds Two Contracts as Part of New Expansion Plan

Hampton Inn, Potomac Mills/Woodbridge

WASHINGTON, D.C., March 25, 2013—PM Hospitality Strategies (PMHS), a hotel management and joint-venture investment company, today announced that it recently signed two hotels to its management portfolio, the first step in a new expansion program.

The Hampton Inn and Fairfield Inn and Suites-branded properties are located in the Washington, D.C. Metro area.

“Our goal is to add 5 to 10 hotels in 2013, focusing on third-party management contracts with strong institutional investors,” said Joseph Bojanowski, PMHS president. “We have extensive expertise in acquisitions, turn-arounds and repositionings, areas in which we expect to see a significant amount of activity over the next several years.”

Fairfield Inn and Suites by Marriott,
Dulles Airport Chantilly

The new management contracts include:

· Hampton Inn, Potomac Mills/Woodbridge -This 87-room hotel is located just off Interstate 95 between the Fort Belvoir and Quantico military bases and within close proximity to the massive Potomac Mills factory outlet mall complex.

The hotel recently completed a comprehensive refresh program and is in peak physical condition. Amenities include a fitness center and swimming pool, as well as a refrigerator and microwave in each room.

· Fairfield Inn and Suites by Marriott, Dulles Airport Chantilly -Located at 3960 Corsair Court in Chantilly, Va., just four miles from Dulles International Airport, this 84-room hotel offers a swimming pool, fitness facilities and business center.