Irving, TX (August 12, 2014) - Pillar Hotels & Resorts, one of the largest hotel management companies in the United States, announced today that it has added 36 properties to its portfolio throughout the first six months of 2014 including 27 select-service, six extended-stay and three full-service hotels. Additionally, Pillar's in-house project management team, has completed more than $49 million in renovations and upgrades so far in 2014 in collaboration with InterMountain Renovation Consultants (IRC). Another $68 million in projects is slated for the remainder of the year.
Of its recent portfolio additions, Pillar gained 23 Marriott branded properties and nine Hilton branded properties, including the full-service Hilton Branson Convention Center Hotel and the Hilton Promenade at Branson Landing - both located in Branson, Mo. Pillar also began managing the full-service Four Points by Sheraton San Francisco Airport, conveniently located across the street from San Francisco Convention Center, just 1.5 miles from San Francisco International Airport (SFO) and just nine miles from downtown San Francisco.
"This year has brought exciting opportunities our way," said Chris Russell, Pillar's Chief Executive Officer. "Many of which have been possible through the great relationships that we have built with our brand partners, operating partners and owners. These new properties are a testament to our aligned interests, management focus, broad scope of services and commitment to results."
"We are thrilled to continue to expand our partnerships and dive into these new markets," added Rick Frank, Pillar's Chief Investment Officer. "Our diverse portfolio demonstrates Pillar's ability to successfully manage a range of hotels, both select and full-service, in urban, suburban, and destination markets while maximizing financial returns and value for our owners."
Additionally, Pillar Hotels & Resorts was recognized with the Marriott Spirit to Serve Award for Community Service, presented at the annual CFRST Owners and Franchisees Conference in May. The Spirit to Serve Award recognizes its recipients for demonstrating company values through employee volunteerism, in-kind and cash donations, and various community service initiatives. Other honors Pillar and its employees have received this year include:
Hilton Spirit Award | Krista Anderson, Bobbie Dingman, Christina White, Hampton Inn Forsyth
Hilton Spirit Award | Sharon Graham, Hampton Inn Jackson
Hyatt Place Director of Sales of the Year | Janice Holmes, Hyatt Place Richmond
Homewood Suites Director of Sales of the Year | Chelsea Kroll, Homewood Suites Corpus Christi
TownePlace Suites Hello! Award | Karen Sonnenfelt, TownePlace Suites Lubbock
SpringHill Suites Community Service Hotel of the Year | SpringHill Suites Grand Rapids
Marriott Platinum Circle Award | Courtyard Potomac Mills Woodbridge
Hilton Spirit Award | Julissa Escamilla, Hampton Inn Sedona
Choice Hotels Scholarship | Devin Lynch, Comfort Inn Jamestown
To view a complete list of the properties in Pillar's portfolio and recent news from the company, please visit www.PillarHotels.com.