View all newsletters
Receive our newsletter – data, insights and analysis delivered to you
August 5, 2012

Kokua Hospitality announces acquisition of Tremont Suites Hotel & Grand Historic Venue in Baltimore, US

Hotel management firm Kokua Hospitality has announced that Baltimore's Tremont Suites Hotel & Grand Historic Venue in the US has been acquired by Garrison Investment Group and Chartres Lodging Group.

By Srivani Venna

Hotel management firm Kokua Hospitality has announced that Baltimore’s Tremont Suites Hotel & Grand Historic Venue in the US has been acquired by Garrison Investment Group and Chartres Lodging Group.

The US-based Kokua Hospitality, part of the Chartres Lodging Group, became the management company of the 300-room Baltimore property on 20 June 2012.

Tremont Suites Hotel & Grand Historic Venue offers flat panel HD LCD TVs, complimentary Wi-Fi, a business centre, on-site dining including Tugs restaurant, fitness options including a yoga studio, sauna, and gym, and a seasonal outdoor pool, among other facilities.

Kokua Hospitality said the hotel caters to the needs of business, leisure and extended-stay guests.

The Tremont Suites Hotel location includes the Grand Historic Venue, which underwent a $27m renovation in 2006.

"Kokua Hospitality became the management company of the 300-room Baltimore property on 20 June 2012."

The Grand Historic Venue features a ballroom and 45,000ft² of meeting space with 19 individually-restored banquet rooms, and is a popular location for weddings, events, meetings and parties.

The deal, which is Kokua Hospitality’s first partnership with Garrison Investment Group, will add the Tremont Suites Hotel & Grand Historic Venue properties to Kokua Hospitality’s growing portfolio of hotels and resorts across the US.

Garrison Investment Group senior vice president Chuck Pomerantz, commenting on the partnership, said: "We’re thrilled to enter into this venture with Chartres Lodging and Kokua Hospitality and we anticipate this property making a positive impact in the downtown Baltimore community."

Related Companies

Free Report
img

What’s missing from your IPO industry assessment?

IPO activity all but stopped in 2020, as the investment community grew wary of the effects of COVID-19 on economies. No matter how deserving a business was of flotation, momentum was halted by concerns of when a ‘new normal’ of working patterns and trade would set in. Recently, sentiment has changed. Flotations picked up again during the second half of 2021, and now in 2022 the mood is decidedly optimistic. Business leaders have their eyes on fast rebounding economies, buoyant market indices and the opportunity once again to take their businesses public. As a result, global IPOs are expected to hit back this year. With GlobalData’s new whitepaper, ‘IPOs in Consumer and Retail: 5 must-include elements for your prospectus industry report’, you can explore exactly what is needed in the essential literature. GlobalData’s focus lies in the critical areas to get right:
  • Macroeconomic and demographic environment
  • Consumer context
  • Industry environment
  • Competitive environment
  • Route to market
Interested to learn more about what to include in your IPO Industry Assessment report? Download our free whitepaper.
by GlobalData
Enter your details here to receive your free Report.

NEWSLETTER Sign up Tick the boxes of the newsletters you would like to receive. The top stories of the day delivered to you every weekday.
I consent to GlobalData UK Limited collecting my details provided via this form in accordance with the Privacy Policy
SUBSCRIBED

THANK YOU