01 February 2018
Hotel Equities Enters Canada; Creates Regional Support to Manage Two Marriott Hotels in Edmonton, Alberta
Hotel Equities has entered the Canadian market to oversee two Marriott hotels in Edmonton, effective immediately. Hotel Equities adds its first hotels in Canada after the firm’s executive team recently restructured the organization to support both domestic and international growth.
Located in Alberta, in the western region of Canada, the new Fairfield Inn & Suites by Marriott Edmonton North and the recently built TownePlace Suites by Marriott Edmonton South are owned by Iliyan Hospitality, Inc. Owners of Iliyan Hospitality explored several management options and felt Hotel Equities was a great fit due to their strong culture, performance results and brand relationships.
“Hotel Equities’ superb reputation within the industry and their proven success as operators are what caught our attention,” said Zul Damani, owner of Iliyan Hospitality, Inc. “It is profoundly reassuring to know their team has a game plan for the success of our assets.”
“Hotel Equities has a tremendous relationship with Marriott in the United States that is driven by results,” said Joe Reardon, Hotel Equities’ Senior Vice President of Business Development and Marketing. “We’re excited to bring those best-in-class results to Canada and are committed to deploying the necessary resources, infrastructure and support to ensure optimal performance for our Canadian partners both here in Alberta and throughout this wonderful country.”
“We are fully committed to embracing opportunities throughout Canada with a regional team composed of hand-picked, experienced specialists from within and outside of our organization,” said Mr. Reardon. “Our brand of management delivers an efficient ramp-up of hotels that achieves success with guests and profitability for the owners and we are thrilled to be selected as a partner in the Canadian market.”
“We are thrilled to have Hotel Equities entering the Canadian market. Hotel Equities’ management team has extensive operating and development experience with Marriott-branded hotels in North America. Their commitment to establishing themselves in Canada is a big win for our developers and owners and our growing portfolio of 224 hotels across Canada,” said Don Cleary, President Marriott Hotels of Canada. “Hotel Equities will not only bring extensive third-party operating expertise, but a strong expertise in pre-development and construction, enabling our hotels to perform quickly in our markets.”