DENVER, Colorado—Stonebridge Firms, LLC introduced it acquired Actual Hospitality Group, LLC. Actual Hospitality Group Founder and CEO Ben Seidel will be a part of the Stonebridge staff as principal and a member of the agency’s Board of Administrators. He’ll contribute his expertise to assist develop and scale the mixed firm’s presence nationwide.
“From the day Actual Hospitality Group was born 13 years in the past, the expansion of the corporate has primarily been the results of the help and the belief of the complete RHG staff, from our house owners to our staff, to the lodge manufacturers now we have partnered with,” mentioned Seidel. “This alignment with Stonebridge presents our house owners the shopping for energy, help, and sources which have turn into important in right now’s enterprise and lodging surroundings whereas offering the geographical range that facilitates our ‘Boots on the Floor’ working precept.”
“We’re thrilled to hitch forces with RHG as we embark on this subsequent chapter of our evolution,” mentioned Navin Dimond, founder and CEO, Stonebridge Firms. “The mixing of those two firms will create a dynamic, main lodge administration group that may drive innovation and create thrilling progress alternatives for our staff members.”
The transaction offers Stonebridge a various nationwide portfolio, now comprising greater than 160 properties, encompassing 24,000 rooms throughout 20 states. The mixed firm will likely be headquartered in Denver, Colorado, whereas sustaining an East Coast presence. Phrases of the deal won’t be disclosed.
Dimond mentioned, “This transaction is a chance for us to pave the best way for elevated success and prosperity for a shared imaginative and prescient for the longer term. We’re wanting ahead to a seamless integration that may protect one of the best elements of each organizations and foster a tradition of collaboration and innovation for our staff members.”
