Aimbridge added over 40 properties since March, company reveals

by Lauren Hill | 04 Sep 2020 | Portfolio

Chicago’s Cook County Hyatt Place and Hyatt House are among the properties to join Aimbridge

Aimbridge Hospitality, the third-party hotel management company based in Plano, Texas, has revealed how its portfolio has grown rapidly since March 2020 – when the Covid19 outbreak started to take hold in the US.

The business behind hotels across 49 states and 20 countries has been busy growing its portfolio across all verticals during these unprecedented times. We take a closer look at the key facts and figures.

Global expansion for Aimbridge

Since March of this year, more than 40 properties, altogether encompassing over 5,000 guest rooms, have joined the Aimbridge collection. Aimbridge’s extensive portfolio consists of more than 1,400 branded and independent hotels in total, and another 30 properties are currently in the works as of 15 August.

“We are excited about our robust portfolio growth and look forward to a continued positive trajectory,” said Dave Johnson, CEO of Aimbridge Hospitality.

A diverse collection of new hotels

The latest additions to Aimbridge’s managed portfolio include the full-service Hilton Boston Downtown Faneuil Hall and the extended-stay Hyatt Place and Hyatt House dual-branded hotel in Chicago, which involved the conversion of the historic Cook County Hospital, along with destination resort The Murieta Inn & Spa and Holiday Inn Express Amsterdam-North Riverside. “This growth to our portfolio reflects the benefits of Aimbridge’s scale to owners and our operating acumen across all of our verticals,” said Mike Deitemeyer, global president of Aimbridge Hospitality.

Over the past few months, Aimbridge, which merged with Interstate Hotels & Resorts towards the end of 2019, has created a series of new procedures and initiatives in an effort to tackle the challenges hotels now face due to the global health crisis. These include cost-containment measures, mutually beneficial brand partnerships, strategies to drive revenue and the formation of Aimbridge Aid, a nonprofit entity aimed at providing its employees with financial assistance.