Real Hospitality Group Grows Portfolio 9% in 2011

Adds three new hotels in first four months of 2011 after establishing over 2,552 guest rooms in the company portfolio during last half of 2010.

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Real Hospitality Group

May 03, 2011, 12:33 ET

OCEAN CITY, Md., May 3, 2011 /PRNewswire/ -- Executives at Real Hospitality signed three new contracts in the first four months of 2011, now managing a portfolio of over $135 million in room sales. The company signed three deals in New York, expanding the company presence in New York City with the addition of the 110 room Fairfield Inn and Suites Manhattan Chelsea, the boutique 42 room Ascend Collection Solita Soho Hotel and the 82 unit Ocean Beach Resort in Montauk, NY. Real Hospitality Group (RHG), established in June 2010 and headquartered in Ocean City, Md., focuses on property management, revenue performance and business development services for hotels, resorts and other similar properties.

RHG's principals comprise more than 150 years of combined hospitality and travel industry experience and have established a strong and visible presence in key, gateway cites that include New York City, Pittsburgh, Charlotte, Baltimore and Philadelphia.

From July through December 2010, the company established a portfolio of 16 hotels, including 2,577 rooms and more than $115 million in revenue, according to partner Ben Seidel. Additionally, the company has built a relationship with the West Virginia University College of Business and Economics' newly created Hospitality & Tourism Program's Advisory Board.

Seidel said the company was founded on the principles of building straight-forward relationships and implementing systems established to manage assets and motivate associates in the field. "Our success is measured on ownership, and our franchise partners' satisfaction, nothing else."

"The Real Hospitality Group team offers a proven track record of growth and success in our industry," he said. "We believe our unique business model – comprised of responsibility, efficiency, accessibility and loyalty (REAL) – is filling a void in the market, and by our immediate growth, I would say it works." He also credits the portfolio's owner groups, who sought out the team and continue to support RHG's approach.

"We have forged great relationships with our client ownership groups thus far," said Rick Day, partner. "By combining industry experience and an intimate, working knowledge of the business, we have developed an approach, which offers innovation and attention to detail - something our customers have readily embraced during our short time in business."

RHG is a recognized management company by Starwood, Hilton, Marriott, Wyndham, IHG and Choice Hotels. The company currently manages properties in Manhattan, Queens, Brooklyn, Montauk, Philadelphia, Morgantown and Fairmont, W.Va. and in the Lake George, Saratoga Springs area of New York. The portfolio also includes the state-of-the-art Morgantown Event Center with over 25,000 square feet of exhibit space, the new Wharf Brew Pub, a free standing waterfront restaurant in Morgantown's growing Wharf District and the Sky Room, the high profile, Manhattan rooftop club overlooking Times Square, New York.