METWEST TERRA HOSPITALITY HIRES HRI LODGING TO LEAD ORGANIZATION

METWEST TERRA HOSPITALITY HIRES HRI LODGING TO LEAD ORGANIZATION

May 01, 2013 (Los Angeles, CA)

MetWest Terra Hospitality has hired the executive team of HRI Lodging (HRIL) to oversee operations of the company and the management of six independent hotels and luxury resorts in the MetWest Terra portfolio, announced Richard Hollander, Chairman and CEO of MetWest Ventures.

The MetWest Terra portfolio includes: Casa Madrona Hotel & Spa in Sausalito, CA, Hotel Abri in San Francisco, CA, The Lodge at Tiburon in Tiburon, CA, The Toll House Hotel in Los Gatos, CA, The Inn at Jackson Hole in Teton Village, WY and Topnotch Resort in Stowe, VT. Together, the six properties total 523 rooms located in and around San Francisco and the Bay Area, as well as in some of the country’s most desirable leisure destinations.

With a veteran team of hospitality professionals, HRIL brings best-in-class resources for hotel and restaurant management. “We were drawn to a joint venture with HRIL based on their depth of experience and performance track record, coupled with the character of the people in their organization and their commitment to success,” says Michael Mohr, Principal at MetWest Ventures.

“This relationship broadens the HRIL management role into the independent, non-branded hotel sector. We are excited to leverage the past experiences of our team in returning to the arena of luxury resorts and spas,” said Gutierrez. “We have added senior level positions to both organizations to ensure that all hotels under management continue to achieve their most successful path possible. We have developed a dedicated team to support both MetWest Terra and HRIL assets and will continue to build prudent platforms to set ourselves up for further growth” he added. This agreement expands HRIL’s footprint, bringing the hotel portfolio under management to 2,500 rooms and 1,300 associates.

About HRI Lodging
HRI Lodging, Inc. (HRIL) is one of the 50 largest hotel management companies in the U.S. with a current portfolio of 17 hotels and resorts spanning the continental U.S. By building alliances with major domestic and international investment firms, the organization pursues a dual mode growth strategy of managing independent, boutique properties as well as partnering with industry leading brands, including Marriott, Hilton, Hyatt, Starwood and Intercontinental Hotel Group. HRI Lodging is the hotel management division of New Orleans-based HRI Properties, a full-service real estate development company and a national leader in the adaptive reuse of historic structures. HRI’s mission is: Revitalizing Cities by Creating Diverse, Vibrant and Sustainable Communities.
About MetWest Terra Hospitality
The MetWest Terra team is comprised of a diverse group of capital managers, real estate, and hospitality professionals. MetWest Terra is an affiliate of MetWest Ventures, a multi-strategy asset management platform that partners with management teams to provide support and assistance in their efforts to achieve the objectives of their investors. Since 1992, Richard S. Hollander, Chairman and CEO of MetWest Ventures, has partnered with management teams who to oversee assets for several of the largest U.S. pension plans and corporations, creating related investment strategies that have totaled more than $80 billion in assets under management.