[Sign Up Now] to Receive Our FREE Daily SCVTV-SCVNews Digest by E-Mail

SCVNews.com | Valencia Embassy Suites Under New Management | 07-10-2012
Santa Clarita CA
Today in
S.C.V. History
August 23
1963 - First stretch of Antelope Valley 14 Freeway opens from east of Solemint Junction in Canyon Country to Red Rover Mine Road in Acton. [story]

[IHM] – Officials of Island Hospitality Management LLC, one of the nation’s largest hotel management companies, today announced that it has added seven new contracts to its management portfolio. The properties include a six-hotel portfolio of Homewood Suites by Hilton hotels owned by Chatham Lodging Trust, a publicly traded REIT, and an Embassy Suites hotel recently acquired by Clearview Hotel Capital, LLC, a privately held hotel investment and advisory company.

“These contracts reflect our growth strategy of building strong relationships with a limited number of institutional investors, who require sophisticated operating and reporting systems and have a longer-term ownership model,” said Tim Walker, Island Hospitality’s president. “With these additions, we now operate hotels for seven different ownership groups. Our goal is to have relationships with approximately 10 institutional owners.

“We have the infrastructure in place to seamlessly take over portfolios of up 50 hotels and make an immediate impact on the bottom line,” he said. “This is our first contract with Clearview Hotel Capital and we look forward to the opportunity to build on that relationship.

“We have a track record, earned over more than 25 years, of delivering superior operating results for hotels in the upscale extended-stay, select-service and compact, full-service hotel segments,” he noted. “Our business model is to become the operator of choice for a select number of experienced owners who invest in those segments and want seasoned management expertise and long-term stability for their assets.”

The six-hotel portfolio includes the following Homewood Suites by Hilton: Dallas Market Center, 137 rooms; Farmington (Conn.), 121 rooms; Maitland/Orlando, 143-rooms; Billerica (Mass.), 147 rooms; Bloomington Mall of America (Minn.) and Brentwood/Nashville. The Embassy Suites Valencia (Calif.) features 156 two-room suites.


About Chatham Lodging Trust

Chatham Lodging Trust CLDT 0.00% is a self-advised REIT that invests in upscale extended-stay hotels and premium-branded, select-service hotels. The company currently owns 18 hotels with an aggregate of 2,414 rooms/suites in 10 states and the District of Columbia and holds a minority investment in a joint venture that owns 59 hotels with 7,702 rooms/suites. Additional information about Chatham may be found at www.chathamlodgingtrust.com.


About Clearview Hotel Capital, LLC

Headquartered in Newport Beach, Calif., Clearview Hotel Capital, LLC, is a privately held hotel investment and advisory company focused on acquiring and asset-managing hotels located in primarily urban and unique locations in high barrier-to-new-competition markets with multiple demand generators. Founded in 2007 by Jon Kline, the company has acquired hotels comprised of more than 2,500 rooms. Additional information may be found at www.clearviewhotelcapital.com.


About Island Hospitality

Headquartered in Palm Beach, Fla., Island Hospitality Management, LLC, is a third-party, independent management company. It operates approximately more than 80 hotels under six different brands, primarily premium select-service hotels, upscale, extended-stay properties, and upscale hotels, in 22 states and the District of Columbia. Additional information is available on the company’s Web site, www.islandhospitality.com.

Comment On This Story
COMMENT POLICY: We welcome comments from individuals and businesses. All comments are moderated. Comments are subject to rejection if they are vulgar, combative, or in poor taste.
REAL NAMES ONLY: All posters must use their real individual or business name. This applies equally to Twitter account holders who use a nickname.

No Comments

    Leave a Comment

    NASDAQ6278.4058  chart -0.30%
    S&P 5002444.04  chart -0.35%
    Bank Santa Clarita18.00  chart +0.00%
    Biosolar Inc Com Usd0.0001(post0.04  chart +0.00%
    Sierra Bancorp25.28  chart -0.32%
    Cu Bancorp (ca)35.80  chart +0.28%
    Enable Ipc Corp. Com Stk Npv0.001  chart +0.00%
    Flex Ltd. - Ordinary Shares15.63  chart -0.51%
    N/aN/A  chartN/A
    N/aN/A  chartN/A
    Mannkind Corporation1.43  chart +0.70%
    Mission Vly Bcp Ca14.25  chart +1.79%
    Quest Diagnostics Incorporated106.74  chart -0.09%
    Tejon Ranch Co20.04  chart +0.40%
    Us Energy Initiative0.0005  chart +0.00%
    Wesco Aircraft Holdings, Inc.8.00  chart -1.84%

    Apple Inc.159.98  chart +0.13%
    At&t Inc.37.92  chart -0.16%
    Autonation, Inc.42.48  chart -0.63%
    Best Buy Co., Inc.62.10  chart +0.50%
    Big Lots, Inc.50.19  chart -0.87%
    Barnes & Noble, Inc.7.55  chart +1.34%
    Brady Corporation32.65  chart -0.31%
    Boston Scientific Corporation26.84  chart -1.36%
    N/a24  chart +0.00%
    Cbre Group Inc Class A35.53  chart -1.22%
    Carnival Corporation67.72  chart -0.25%
    Comcast Corporation40.65  chart -1.69%
    Costco Wholesale Corporation159.37  chart +0.42%
    Curtiss-wright Corporation94.76  chart +0.12%
    Cvs Health Corporation77.61  chart -0.19%
    Cemex, S.a.b. De C.v. Sponsored9.09  chart -0.44%
    D.r. Horton, Inc.35.44  chart -0.37%
    Walt Disney Company (the)101.50  chart -1.24%
    Edison International80.33  chart +0.29%
    Hyatt Hotels Corporation Class 57.47  chart -0.05%
    Home Depot, Inc. (the)149.10  chart -0.54%
    Kb Home22.08  chart -1.08%
    Kroger Company (the)22.96  chart +0.09%
    Lennar Corporation Class A51.59  chart -0.65%
    Laboratory Corporation Of Ameri153.66  chart -1.12%
    N/aN/A  chartN/A
    N/aN/A  chartN/A
    Lowe's Companies, Inc.73.01  chart -3.71%
    Marriott International100.43  chart -1.54%
    Mcdonald's Corporation158.81  chart -0.52%
    Mitsubishi Ufj Financial Group,6.08  chart -0.65%
    Netflix, Inc.169.06  chart -0.17%
    Office Depot, Inc.3.96  chart -2.70%
    Rite Aid Corporation2.25  chart +0.45%
    Rexford Industrial Realty, Inc.29.08  chart +1.57%
    Regal Entertainment Group Class13.98  chart -5.73%
    Ross Stores, Inc.58.92  chart -0.46%
    Republic Services, Inc.64.37  chart -0.74%
    N/aN/A  chartN/A
    Starbucks Corporation54.08  chart -0.68%
    Smart & Final Stores, Inc.7.25  chart +0.00%
    Sears Holdings Corporation8.57  chart -5.09%
    Six Flags Entertainment Corpora52.28  chart -1.77%
    Sonova N164.20  chart -0.24%
    Staples, Inc.10.18  chart -0.20%
    Sunpower Corporation9.05  chart +1.57%
    Target Corporation56.46  chart -0.14%
    Time Warner Cable Inc209.56  chart -0.21%
    Ulta Beauty, Inc.232.06  chart +0.18%
    Walgreens Boots Alliance, Inc.81.36  chart +0.10%
    Waste Connections, Inc.64.59  chart +0.11%
    Whole Foods Market, Inc.41.68  chart -0.07%
    Waste Management, Inc.76.03  chart -0.22%
    Wal-mart Stores, Inc.79.96  chart -0.07%
    Woodward, Inc.67.26  chart -1.20%

    Latest Additions to SCVNews.com
    Nine cancer survivors and their physicians will take the field at Dodger Stadium on Saturday evening to kick off City of Hope’s ThinkCure! Weekend.
    Dodger Fans Help Strike Out Cancer This ‘Think Cure’ Weekend
    Deputy Natalie Hidalgo is the Santa Clarita Valley Sheriff Station's newly appointed school resource officer for Golden Valley High School, Sierra Vista Junior High School and Sequoia School.
    Natalie Hidalgo New School Resource Deputy in Canyon Country
    Starting Tuesday, Aug. 29, College of the Canyons students can leave their brown-bag lunches at home on Tuesdays because COC's Institute for Culinary Education (aka iCuE) Café will resume its weekly lunch service.
    August 29: COC’s ‘iCuE’ Lunch Service Resumes
    College of the Canyons has launched the Resources for Individual Success in Education program, dubbed RISE, to help improve access to higher education for current and former foster or homeless youth.
    COC Launches RISE Program to Aid Foster, Homeless Youth
    International contemporary art gallery Hauser & Wirth launched an exchange program for post-MFA students from CalArts and the Bath School of Art and Design, Bath Spa University in the UK.
    Hauser & Wirth’s Artist Residency Exchange at CalArts and Bath School
    Artists and CalArts alumni Kenyatta A. C. Hinkle (Art, Critical Studies MFA 12) and Scott Benzel (Art MFA 01) will take part in The Getty’s 'Friday Flights' on Friday, August 25 from 6 p.m. to 9 p.m.
    August 25: CalArtians to Perform at The Getty’s ‘Friday Flights’
    Another COC student has been arrested and charged with rape in an accusation unrelated to an on-campus assault reported Monday, this time for an alleged sexual assault that took place off-campus in June.
    Another COC Student Charged in Alleged Sexual Assault
    California's Assembly Appropriations Committee plans to review the Santa Clarita Valley Water District bill, SB 634, on September 1, Assembly officials said Wednesday.
    Assembly to Review SCV Water District Legislation
    The city of Los Angeles filed a lawsuit Tuesday to intervene in California and San Francisco’s actions against the Justice Department’s new conditions on sanctuary cities.
    L.A. Joins Sanctuary Cities’ Fight Against Justice Department
    The SCV Sheriff's Station's Crime Impact Team and Special Assignment Team conducted a joint bicycle patrol in Canyon Country and Newhall Tuesday evening, and arrested four people on drug charges.
    SCV Deputies’ Bicycle Patrol Nets 4 Arrests for Drugs
    The 21st annual "Heart of the West" fundraiser for the non-profit Carousel Ranch horse therapy program for children will take place at the ranch on Saturday, August 26 starting at 6 p.m.
    August 26: ‘Heart of the West’ to Benefit Carousel Ranch
    Beatles tribute band The Sun Kings headline the final show in the 2017 Concerts in the Park series on Saturday, August 26, starting at 7 p.m.
    August 26: Sun Kings Beatles Tribute Band at Central Park
    Garrett Hampson delivered four hits and the Lancaster JetHawks held off a late rally by the Inland Empire 66ers in a 9-8 victory on Tuesday night at The Hangar, the JetHawks' fifth win in a row.
    Hampson’s 4 Hits Propel JetHawks Over 66ers
    The California League has named three Lancaster JetHawks as Postseason All-Stars -- Garrett Hampson, Yonathan Daza and Wes Rogers.
    Three JetHawks Earn Post-Season All-Star Nods
    The Santa Clarita City Council recognized the Santa Clarita Valley Sheriff Station's two Employees of the Month, Deputy Bob Garcia and Custody Assistant Manny Ramirez, at the Council's meeting Tuesday night.
    City Council Honors SCV Sheriff’s Station Employees of the Month
    Six Flags Entertainment today announced its Southern California flagship property, Six Flags Magic Mountain, will be open 365 days a year starting January 1, 2018.
    Six Flags Magic Mountain Goes Year-Round in January
    1963 - First stretch of Antelope Valley 14 Freeway opens from east of Solemint Junction in Canyon Country to Red Rover Mine Road in Acton. [story]
    With funding from Measure H, Los Angeles County and its cities are teaming up to quickly place thousands of homeless people into permanent housing that comes with the supportive services, rental subsidies and other assistance needed to thrive.
    Permanent, Supportive Housing for Homeless Thanks to Measure H
    A Domestic Violence Center, Senior Center and homeless shelter partnership is looking for solutions to the countywide homelessness crisis in Santa Clarita.
    Three Local Non-Profits Look to Tackle Housing Crisis
    The Gibbons Conservation Center is holding a Back to School special. Buy your 2018 membership today and get the rest of 2017 free.
    Gibbons Conservation Center Holding Back-to-School Special
    Tonight on SCV NewsBreak, CHP is investigating a fatal collision that happened early Tuesday morning near Castaic. Plus, photographers can get ready to submit their Santa Clarita-centric photos for the Fall 2017 Photo Contest. Watch these stories and more on tonight's edition of SCV NewsBreak.
    SCV NewsBreak for Tuesday, August 22, 2017
    WiSH Foundation Executive Director Amy Daniels is about climb for education.
    WiSH Foundation’s E.D. to Climb Kilimanjaro for Public Education
    Registration for the Fall session is now open.
    Lil’ Kickers Fall Registration Underway
    The CSUN Art Galleries are pleased to present part two of an exhibition featuring artwork made by full and part-time faculty in the Department of Art. More than thirty artists showcase current bodies of work, using a variety of materials and processes.
    CSUN Faculty Artwork on Display in “Full and Part (Two)” Exhibit
    Here are the upcoming times and dates for the Santa Clarita Valley Chamber of Commerce Emerging Leaders Series:
    Chamber’s Emerging Leaders Series Resumes Wednesday
    Mayor Cameron Smyth, Mayor Pro Tem Laurene Weste and Councilmembers Bill Miranda, Marsha McLean and Bob Kellar cordially invite you to party like it’s 1987 at the 2017 State of the City Luncheon to be held on Thursday, October 26, 2017 at 11:30 a.m. at the Hyatt Regency Valencia.
    Oct. 26: State of the City 30th Anniversary Luncheon
    Join The Painted Turtle on October 14, 2017 for the 8th annual bike ride and 2nd annual walk/run/roll to benefit the non-profit.
    Oct. 14: Tour de Turtle, Turtle Trek Bike Ride
    Here is a round-up of Santa Clarita arts-related events for Aug. 25-26th.
    Aug. 25-26: Santa Clarita Arts Calendar
    The 2017 CIF Southern Section Football Pre-Season Rankings have been released and a local team finds itself at the top of its division.
    CIF Pre-Season Rankings List Saugus Football No. 1 in Division
    The Castaic-area crash that killed a motorcyclist on Highway 126 Tuesday morning is still being investigated by CHP officers.
    Officers Investigating Fatality on Highway 126
    The County and City of Los Angeles are asking that residents complete the Purposeful Aging Los Angeles (PALA) Age-Friendly Survey between now and September 15, 2017.
    Officials Urge Residents to Complete Survey on Aging
    The Board of Supervisors unanimously approved a motion by Supervisors Kathryn Barger and Hilda L. Solis which seeks to organize and enhance efforts by county departments and community partners to help foster youth transition to successful adulthood.
    County Expands its Efforts in Foster Youth Programs
    A bank robbery at the Wescom Credit Union in Stevenson Ranch is under investigation by deputies, officials reported Monday afternoon.
    Deputies Investigating Stevenson Ranch Bank Robbery
    The contenders for the Best FIFA Women's Player 2017 have been revealed and voting is now underway.
    Blue Heat’s Castellanos Makes FIFA’s Shortlist for Best Women’s Player 2017
    1891 - Future First Lady Lou Henry (Hoover), 17, poses for photo at R.E. Nickel's Acton store [story]
    Deputies from the Santa Clarita Valley Sheriff’s Station responded to a possible burglary call at a warehouse in the 29000 block of Avenue Sherman in Valencia Monday morning.
    SCV Deputies Investigate Reported Valencia Warehouse Burglary