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2-Jun-10 11:30 AM  CST  

Kaplan grows hospitality management business 

HOUSTON-After several years of focusing on multifamily property management, Kaplan Management is now expanding its hospitality management business and has recently added a 360-room hotel to its portfolio.

Throughout the 1980s and 1990s, Kaplan Management's portfolio included office properties, shopping centers, mini warehouses, corporate lodging hotels and mobile home parks. It entered the hospitality management business in 1995, but pared down its portfolio and shifted its focus to multifamily several years ago.

Recently, Kaplan Management amplified its efforts to grow its hospitality management portfolio and bring on new clients, according to Zachory Robinson, regional vice president of Kaplan Management. The firm is focusing on travel lodges/motor hotels, extended-stay properties and limited service hotels.

Robinson tells GlobeSt.com that the firm's efforts have already paid off – it recently took over property management responsibilities for Hotel Suites of America, a 360-room conventional and extended stay hotel in Las Vegas that is owned by New York-based Garrison Commercial Funding. Kaplan Management gained the assignment through a referral, according to Robinson.

Robinson says Kaplan Management is looking to build its hospitality portfolio in the southeast (Florida and Georgia), the southwest (Arizona, Nevada and Texas) and Southern California.

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Source: Jennifer Duell Popovec
http://GlobeSt.com

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