Stonebridge Cos., a Denver-based privately-owned hotel management company, acquired Real Hospitality Group, a leading hotel management company based in Ocean City, Maryland.
Real Hospitality Group president and CEO Ben Seidel will join the Stonebridge team as principal and a member of the firm’s board of directors. He will contribute his deep experience to help grow and scale the combined company’s presence throughout the country.
“From the day Real Hospitality Group was born 13 years ago, the growth of the company has primarily been the result of the support and the trust of the entire Real Hospitality Group team, from our owners to our employees to the hotel brands we have partnered with,” says Seidel in a prepared statement. “This alignment with Stonebridge offers our owners the buying power, support, and resources that have become essential in today’s business and lodging environment while providing the geographical diversity that facilitates our ‘Boots on the Ground’ operating principle.”
Navin Dimond, founder and CEO of Stonebridge Cos., adds, “We’re thrilled to join forces with Real Hospitality Group as we embark on this next chapter of our evolution. The blending of these two companies will create a dynamic, leading hotel management group that will drive innovation and create exciting growth opportunities for our team members.”
The acquisition gives Stonebridge Cos. a diverse national portfolio, which will now comprise more than 160 properties, encompassing 24,000 rooms across 20 states. The combined company will be headquartered in Denver, Colorado, while maintaining a significant East Coast presence. Terms of the deal will not be disclosed.
