CHICAGO, Illinois, and ORLANDO, Florida—Scarlett Lodge Group and Everwood Hospitality Companions introduced a partnership to leverage their mixed sources and information of the hospitality funding and administration trade. Lodge administration is merging beneath the Scarlett model whereas Scarlett principals are becoming a member of the Everwood workforce as principals of the funding observe. Everwood is rebranding to Everwood Capital Companions and can concentrate on funding, asset administration, improvement, and capital deployment.
“We’re thrilled to develop our attain within the hospitality trade by merging with Everwood,” stated Zio Pekovic, principal of Scarlett. “Our two firms have extremely suitable outlooks on the funding course of. Collectively, we now have extra energy to gasoline progress for the properties we buy and handle. This strategic realignment will even permit the mixed firms to maximise their particular person strengths and pursue new alternatives for progress.”
“The partnership of Everwood and Scarlett creates a big new participant within the resort enterprise,” stated Amit Govin, principal of Everwood Capital Companions. “All of us are extremely dedicated to creating strong funding alternatives in addition to unforgettable experiences for resort company. Our new companions and our company assist workforce have meshed extremely nicely over the past a number of months of integration. This couldn’t have been achieved with out the assist of our company workforce members that joined the Scarlett operations workforce.”
“Scarlett’s unbelievable management tradition mixed with Everwood’s pure data-driven perspective will assist sturdy operational synergies,” added Amit Patel, principal of Everwood Capital Companions.
The newly mixed funding and resort administration entity oversees a complete of 17 motels with 2,534 rooms throughout america, with a number of extra properties within the pipeline. The expanded portfolio, which incorporates prestigious franchise names together with Marriott, Hilton, Selection Accommodations, and IHG, permits Scarlett and Everwood Capital Companions to supply a spread of lodging.
