KOKUA HOSPITALITY ANNOUNCES MANAGEMENT OF THE POWELL HOTEL-SAN FRANCISCO
CHICAGO, May 1, 2014 /PRNewswire-iReach/ -- Kokua Hospitality, LLC, a hotel management firm based in Chicago, today announced a partnership with Host Hotels & Resorts, Inc., the nation's largest lodging real estate investment trust. Kokua Hospitality will manage Host Hotels & Resorts' newly acquired property, The Powell Hotel in San Francisco. Kokua Hospitality also manages this world class owner's highly successful Hyatt Place Waikiki Beach.
"We are excited about this addition to our portfolio and thrilled to continue our relationship with Host Hotels & Resorts," said Phil Tufano, Chief Operating Officer of Kokua Hospitality. "As turnaround and transition specialists, we are pleased that the owners are making the investment in this hotel with elements that will appeal to the savvy business and leisure traveler, looking for a hotel that understands his or her needs."
The Powell Hotel is a great location for travelers and offers delicious breakfast and lunch options at The Powell Cafe, part of San Francisco's acclaimed Café Bellini and the San Francisco Soup Company, located on the main floor of the hotel. Kokua will be repositioning the 151-room hotel as one of the most desired boutiques in San Francisco.
The property is located in the heart of downtown San Francisco, two blocks from Union Square, three blocks from the Moscone Convention Center, and steps to the cable car turnaround. For reservations and more information, visit www.thepowellhotel.com.
About Kokua Hospitality, LLC
Kokua Hospitality, LLC, is a hotel management firm founded by its parent, The Chartres Lodging Group, LLC, with the mandate to become the operator of choice for strategic institutional and select private lodging investors by producing superior results as turnaround specialists. Created by veteran lodging investment and management experts to appeal to an investor's sensibility, Kokua Hospitality blends best-in-class operating practices with an owner's DNA. Kokua Hospitality manages a growing portfolio of hotels and resorts nationwide. For more information on Kokua Hospitality, please visit http://www.kokuahospitality.com/ and follow us on Twitter @kokuahotels and Facebook @ https://www.facebook.com/kokuahospitality
About Host Hotels & Resorts
Host Hotels & Resorts, Inc. is an S&P 500 and Fortune 500 company and is the largest lodging real estate investment trust and one of the largest owners of luxury and upper-upscale hotels. The Company currently owns 99 properties in the United States and 15 properties internationally totaling approximately 59,800 rooms. The Company also holds non-controlling interests in a joint venture in Europe that owns 19 hotels with approximately 6,400 rooms and a joint venture in Asia that owns one hotel in Australia and a minority interest in two hotels in India. Guided by a disciplined approach to capital allocation and aggressive asset management, the Company partners with premium brands such as Marriott, Ritz-Carlton, Westin, Sheraton, W, St. Regis, Le Meridien, The Luxury Collection, Hyatt, Fairmont, Four Seasons, Hilton, Swissotel, ibis, Pullman, and Novotel in the operation of properties in over 50 major markets worldwide. For additional information, please visit the Company's website at www.hosthotels.com.
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SOURCE Kokua Hospitality, LLC