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First Hospitality expands reach with acquisition of Hostmark Hospitality Group
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Article - First Hospitality Acquires Hostmark Hospitality Group Hotel Management Agreements - The transaction adds 17 hotels to First Hospitality s management portfolio, bringing the total to over 70 hotels with more than 10,000 keys and supported by over 3,200 world-class associates. The company s footprint now extends to markets in California, Texas, and Florida, while further strengthening its presence in key Midwestern markets.
First Hospitality, a national hotel management and development company, is pleased to announce an agreement to acquire the majority of the hotel management agreements of Hostmark Hospitality Group, headquartered in Schaumburg, IL. This strategic move significantly expands First Hospitality s geographic presence, augments its collection of restaurants and bars, and promises to bring added benefits to its expanded portfolio, which will include more than 70 hotels nationwide.