TPG Hospitality Inks Three (3) Management Agreements to Start Q4-2015

During the month of October, TPG added The Pullman Miami Airport, Doubletree Pittsburgh-Greentree, and Doubletree LA-Commerce to national operating portfolio of over 60 hotels

09 Nov, 2015, 15:04 ET from TPG Hospitality

PROVIDENCE, R.I., Nov. 9, 2015 /PRNewswire/ -- TPG Hospitality today announced that it completed three (3) hotel transitions during the month of October. The Company continued to grow its portfolio of managed hotels coast to coast with the addition of the Pullman Miami Airport, the DoubleTree by Hilton Pittsburgh-Green Tree (both managed for Laurus Corporation), and the TPG acquisition of the DoubleTree by Hilton Los Angeles Commerce. The three hotels comprise nearly 1,000 new guestrooms under management adding to TPG's national portfolio of over 60 hotels.  The Pullman Miami Airport represents the first Pullman in the US, rebranded from the Sofitel Miami.

"With seventeen (17) Hilton-family branded hotels currently under management, the DoubleTree Pittsburgh Green Tree and DoubleTree LA Commerce fit perfectly with TPG's operating portfolio of core brand, full service assets while the Pullman Miami is representative of TPG's commitment to and growing presence in the lifestyle sector," states Paul Sacco, Chief Development Officer for TPG Hospitality. "Additionally, the Pullman Miami is particularly exciting as it is the first Pullman-branded property in the United States, and TPG is thrilled to be entrusted as Operator.  We are pleased to establish a relationship with Accor and to grow our portfolio with Laurus." All three transitions were completed during the month of October.

The Pullman Miami Airport, the first Pullman branded hotel in the United States, is located at 5800 Blue Lagoon Drive 33126 Miami, Florida. Formerly the Sofitel Miami Airport, the 281-room contemporary Pullman Miami Airport is ideal for the modern-day traveler. The Pullman is located conveniently minutes away from Miami International Airport, the port of Miami in Downtown, South Beach and world class shopping at Dolphin Mall.

The Doubletree by Hilton Hotel Los Angeles/Commerce located at 5757 Telegraph Road, Commerce, CA 90040 to the TPG portfolio effective Tuesday, October 20, 2015. Located 10 minutes from downtown Los Angeles the 201-room property is conveniently situated between Disneyland® and Universal Studios® and is less than 30 minutes from Burbank (BUR) and Los Angeles (LAX) International Airports.  Within walking distance of the popular Citadel Outlets, there is easy access to the convention center, shopping and sports venues and the university.

The Doubletree by Hilton Hotel Pittsburgh/Green Tree is located at 500 Mansfield Avenue, Pittsburgh, PA 15205. TPG Hospitality assumed management of the property effective Friday, October 9, 2015. Set on the South Side of Pittsburgh, The Doubletree by Hilton Hotel Pittsburgh/Green Tree is just 3 miles from downtown and 20 minutes from Pittsburgh International Airport (PIT). The property consists of 460 rooms and over 13,000 square feet of meeting space.

About TPG Hospitality:
Ranked among the top five largest U.S. hotel management companies, TPG Hospitality (est. 1985) boasts a national operating portfolio of more than 60 hotels representing nearly 20,000 guestrooms in 26 states coast to coast. TPG Hospitality is an approved/preferred operator of all major brands and delivers top-tier performance of core branded & lifestyle full service and select service properties to multiple ownership groups and capital partners. For more information, please visit www.tpghospitality.com.

Contact: Ralph V. Izzi Jr.
(401) 946-4600
rizzi@tpghospitality.com

SOURCE TPG Hospitality



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