FLORENCE, South Carolina—Raines entered a three way partnership with Atlantic Lodges Group that provides 16 properties to Raines’ administration portfolio and expands the corporate’s operations into the Texas market.
This deal was spearheaded by Kerry Ranson, associate and president of operations at Raines, and Perry Molubhoy, CEO of Atlantic Lodges Group, who’ve a private {and professional} relationship that spans practically twenty years. Discussions concerning potential joint ventures had been ongoing, borne from a mutual imaginative and prescient to drive innovation within the hospitality trade.
The brand new additions to the Raines administration portfolio embrace Hilton, Marriott, and IHG motels within the Dallas and Waco markets. Right here is the total checklist of properties which have joined the Raines portfolio:
- Aloft Dallas Love Subject in Dallas, Texas
- Consolation Suites DFW N/Grapevine in Grapevine, Texas
- Aspect Dallas Downtown East in Dallas, Texas
- Home2 Suites by Hilton McKinney in McKinney, Texas
- Hampton Inn & Suites Dallas-The Colony, TX in The Colony, Texas
- Hampton Inn & Suites Dallas-DFW Airport North-Grapevine in Grapevine, Texas
- Hampton Inn Waco in Waco, Texas
- Vacation Inn Categorical & Suites North Dallas at Preston in Dallas, Texas
- Vacation Inn Dallas – Garland, an IHG Resort in Garland, Texas
- Vacation Inn Categorical & Suites Waco South, an IHG Resort in Waco, Texas
- Homewood Suites by Hilton Dallas The Colony in The Colony, Texas
- Residence Inn Dallas at The Canyon in Dallas, Texas
- SpringHill Suites Dallas McKinney/Allen in McKinney, Texas
- TownePlace Suites Dallas DeSoto in DeSoto, Texas
- TownePlace Suites Dallas Lewisville in Lewisville, Texas
- TownePlace Suites Waco South in Waco, Texas
Raines has established an workplace in Dallas to make sure proximity to its properties and operational effectivity. The corporate is sharing workplace area with Atlantic Lodges Group, underscoring Raines’ “toes on the bottom” administration philosophy, whereas offering a launchpad for additional enlargement within the area. Moreover, a number of members of the Atlantic Lodges Group govt workforce will turn out to be members of the Raines workforce.
“This partnership opens many thrilling doorways for the Raines group,” Ranson stated. “We’re devoted to deliberate, sustainable progress in rigorously thought of markets with companions who share our imaginative and prescient and values. This deal expands our footprint into the Texas market and showcases our dedication to delivering unparalleled hospitality experiences. Collectively, with the Atlantic Lodges Group workforce, we’re poised to unlock new alternatives for each organizations.”
In flip, Atlantic Lodges Group will be capable to scale up its third-party administration capabilities and proceed its progress trajectory whereas leveraging new property by way of its present relationship with Alpha3, the corporate’s improvement arm.
“Our collaboration with Raines permits Atlantic Lodges Group to fortify our third-party administration enterprise and pursue regular progress in fascinating markets near house,” Molubhoy stated. “Raines’ dedication to treating managed property as their very own aligns seamlessly with our ethos. We’re excited to see how this partnership will bolster each companies.”
Raines is presently in a part of progress. With the addition of the 16 Atlantic Lodges Group properties, the corporate’s administration portfolio now numbers 56. In March and April, they added three properties: Cambria Charleston Riverview in Charleston, South Carolina; Springhill Suites Cheraw in Cheraw, South Carolina; and Hilton Backyard Inn College District Greenville in Greenville, North Carolina. In 2023, Raines additionally acquired HP Lodges, reopened the Waynesville Inn & Golf Membership, and commemorated its thirty fifth yr within the hospitality trade.
