Forge Hospitality selected growing Management Company for Agile, customized approach.
CHICAGO – Prominence Hospitality Group, an emergent real estate investment, development and hotel management company based in Chicago, announces the partnership and early success in operating five, third-party management contracts with Forge Hospitality Group. Prominence Hospitality Group takes a stable and impactful approach to grow and maintain performance of its portfolio, despite the instabilities in the market in the past two years. The addition of the Pennsylvania-based hotels to the Prominence portfolio in the early part of 2021 and the resulting success of each hotel is a direct reflection of delivering the Promise of Prominence.
“The acquisition of these Pennsylvania hotels in 2021 was ideally-aligned with our deliberate growth strategy,” says Dhaval Brahmbhatt, principal, Prominence Hospitality Group. “The addition of these hotels moved the needle for Prominence, giving us national footing and perfectly positioning us for more aggressive growth in 2022. Our processes and industry tools, along with the personal, leadership-involved approach we take with each of our hotels, allowed our young management and development company to grow and thrive, even with the industry downturn.”
With its management tools in-place, Prominence continues to create stronger asset value and to positively impact the bottom-line in each of the Pennsylvania hotels:
- Tru by Hilton Audubon Valley Forge
- Homewood Suites by Hilton Philadelphia Valley Forge
- Holiday Inn Morgantown – Reading Area
- Hilton Garden Inn Valley Forge/Oaks
- Hampton Inn & Suites Valley Forge/Oaks
“Our team vetted nearly 30 different management companies and actually selected another company before discovering the ideal partnership with Prominence Hospitality Group,” says Tonya Muncey, vice president of operations and development, Forge Hospitality Group. “The agile, personalized approach of Prominence, coupled with the innate industry knowledge and strength of their leadership team has resulted in a fruitful and what we hope to be a long and growing partnership with Prominence.”
In addition to managing the five hotels, the progressive Prominence team is partnering with Forge to develop and implement an industry-leading company culture and value program – IGNITE – designed to hire, engage and retain top-tier associates at all Prominence and Forge properties.
Emerging as an industry leader, Prominence Hospitality Group launched in 2018 and is an innovative real estate investment, development and hotel management company, creating remarkable results for partners throughout the United States. With 15 properties in the current portfolio – and significantly growing – the Prominence team is personally-vested in many of the developments in their portfolio, providing a unique perspective to management – the perfect mix of an opportunistic, owner’s perspective alongside nimble efficiency. Prominence presents a leadership bench stacked with progressive hotel, restaurant, development and construction experts, each bringing a unique value set of experience to holistically identify strong opportunities and align ideal partners of all sizes and experiences with fitting projects.
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