Two management companies add to portfolios


Two management companies have announced deals for properties in Texas and Arizona.

StepStone

Rhode Island-based management company StepStone Hospitality has assumed management of Le Méridien Dallas by the Galleria.

The 258-room, all-suite property recently underwent a $2.2 million renovation that included updated locks for contactless mobile check-in.

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“Our team is focused on maximizing asset value through revenue generation, guest satisfaction and expense-control procedures,” said Blair Wills, president and CEO of StepStone Hospitality. “We appreciate the opportunity and look forward to building a strong future for Le Méridien Dallas by the Galleria.”

The hotel is adjacent to the Galleria Dallas, 10 miles from Dallas Love Field Airport and 14 miles from Dallas/Fort Worth International Airport. Public spaces include Longitude 96 Signature Restaurant and Bar, an indoor swimming pool and a fitness center. The property’s 6,500 square feet of meeting and event space can accommodate events for up to 168 people.

Crestline

Crestline Hotels & Resorts will manage the newly built dual-branded Hyatt Place and Hyatt House hotels located on Arizona State University’s Tempe Campus. 

The recently opened hotels are the first dual-branded Hyatt hotels in the Tempe market and the first hotels to be developed in the ASU Athletic District. The Hyatt Place has 154 guestrooms, all of which include a sleeper sofa. The Hyatt House has 105 studio and one-bedroom suites with a sleeper sofa in each suite and a kitchenette with an island. Additional shared amenities include 4,000 square feet of banquet and meeting space, outdoor function/pre-function space, multiple patios, a guest kitchen, dining and a lobby bar. Rooftop amenities include a pool deck and pool, a bar, an outdoor gathering area and a fitness center. 

The hotels are a focal point of the 355-acre Novus Innovation Corridor on ASU’s campus, which will ultimately include 3.9 million square feet of office space, nearly 4,000 homes and 300,000 square feet of retail and restaurant space. The district was created in 2010 by the Arizona legislature to generate funding for building and renovating ASU athletic facilities. The hotels were developed by Mortenson Construction and are owned by Apple Hospitality REIT. 
 
“We are pleased to open these two new hotels which we trust will be an attribute to the University as well as the Tempe area at large,” said James Carroll, Crestline’s president & CEO. “Of course, we are opening with an unwavering commitment to follow the stringent guidelines for cleanliness and safety as prescribed by the CDC and local authorities. These hotels are a long-term investment in the community and we anticipate that they will very successfully meet the demand for both extended-stay guests as well as guests seeking a more focused service experience.” 
 
Since January, the company has added an additional 2,400 rooms to its portfolio, growing more than 10 percent.  



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