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Benchmark Hospitality International announces that it has been engaged by USAA Real Estate Company to provide asset management services for USAA’s portfolio of hotels and resorts. Benchmark Hospitality will also assist the company on future hotel and resort investments but will not hold equity in transactions.
"Benchmark Hospitality’s broad operational and sales & marketing expertise with hotels, resorts and conference centers, spanning three decades, well positions our company to represent owners’ interest in driving optimal performance of their hospitality real estate investments," said Burt Cabanas, chairman & CEO. "Benchmark’s interest in expanding these services to real estate owners strengthens our relationships and creates other opportunities in the future."
"I have followed Benchmark’s growth and unparalleled performance in the hotel industry for the past 20 years, and am thrilled to add their unique talents to our team here at USAA Real Estate Company," says Len O’Donnell, president and COO. "I’m confident that working together will enhance the performance, quality and level of service at each of our hotels."
The new partnership’s timing couldn’t be better. As the business and travel environment continues to improve, and with Benchmark’s expertise in enhanced technology platforms to support customer outreach and bookings, USAA and Benchmark can immediately respond to new hotel ventures and enhance the profitability of existing properties.
This represents an unprecedented partnership opportunity for companies like USAA Real Estate and Benchmark Hospitality International. By utilizing each other’s complementary strengths and capabilities, asset valuations can be maximized for owners and new opportunities for investors created or immediately responded to.
Benchmark Hospitality has a 30-year record of successfully developing and positioning resorts, conference centers and hotels. The company’s recent acquisition of MTM Luxury Lodging, which brought five superior personal luxury hotels into Benchmark’s portfolio bringing the overall property count to 35, also added MTM’s senior executive talent to the company’s leadership team. Additionally, the MTM purchase brought with it a formidable record of successful asset management relationships with investment groups for a variety of hotels and hospitality brands.
Theodore is the Co-Founder and Managing Editor of TravelDailyNews Media Network; his responsibilities include business development and planning for TravelDailyNews long-term opportunities.
