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| David Schwartz |
CHICAGO, IL – Waterton
Associates LLC, a U.S. real estate investor and operator, today announced it
has combined its wholly owned apartment and hotel management subsidiaries,
Waterton Residential and Ultima Hospitality.
Effective immediately,
Waterton Associates and the two subsidiaries will operate as a single entity,
Waterton, reflecting the broader convergence of the multifamily and hospitality
sectors as the firm celebrates its 20th anniversary.
“Over the years, we
realized that whether we were managing an apartment community or a hotel, our
goal was the same: to deliver an exceptional level of service to our customers,
regardless of whether we counted their stay in nights or years,” said Waterton
CEO and co-chairman David Schwartz,
who co-founded the company with Peter Vilim in 1995.
“We’ve coined this overlap between residential
and hospitality ‘ResitalityTM’ – the idea of recreating the comforts of home
for our hotel guests, and giving our apartment residents all of the services
and amenities they expect when staying at a resort or hotel.”
For a complete copy of the company’s news release,
please contact:
Abe Tekippe, atekippe@taylorjohnson.com, (312)
267-4528
Kim Manning, kmanning@taylorjohnson.com, (312)
267-4527
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