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.
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."