NEW YORK (November 17, 2021) – Highline Hospitality Partners (HHP), the hospitality investment platform launched by Highline Real Estate Partners (HREP), has added its fifth property with the off-market acquisition of the 218-room Salt Lake City Marriott University Park and has tapped StepStone Hospitality to manage the property.
Highline Hospitality Partners’ team has over 60 years of combined experience across sourcing, purchasing, asset-managing, renovating, repositioning, and selling hospitality properties and has operated all classes of hotels.
“We are pleased to add the Salt Lake City Marriott University Park to our growing portfolio,” said Highline Hospitality Partners’ Managing Partner, Chuck Pomerantz. “With the property’s unparalleled location adjacent to the University of Utah, and easy access to Salt Lake Place Convention Center as well as six major ski resorts, we look forward to many years of success with this exceptional property.”
The Salt Lake City Marriott University Park offers impressive mountain and city views with 218 guestrooms and easy access to downtown, the University of Utah, and Rice-Eccles Stadium. The property provides smart, stylish lodging for business and leisure travelers alike. HHP plans a comprehensive and innovative renovation of the guestrooms and public space over the next 24 months.
The hotel boasts two on-site dining options, Thistle & Thyme, featuring eclectic American Comfort Food, and Wakara Bar, offering local draft beers and craft cocktails. Additional amenities include the M Club lounge, free parking, Starbucks, a state-of-the-art fitness center, and 11 event spaces with customizable business and A/V services. In addition, the hotel is located only a short walk from TRAX, downtown’s above-ground trolley.
StepStone Hospitality currently manages hotels under several brands, including Le Meridien, Sheraton, Hilton, Hilton Garden Inn, Homewood Suites, Hotel Indigo, Holiday Inn, Holiday Inn Express, and independent properties. The complete StepStone Hospitality portfolio is available at www.stepstonehospitality.com.
ABOUT STEPSTONE HOSPITALITY
Rhode Island-basedStepStone Hospitality specializes in management for full-service hotel and restaurant operations to deliver enhanced value to StepStone clients. The company provides a unique combination of strong, hands-on operations, world-class strategic asset management, and food and beverage expertise, maintaining a balanced focus between revenue enhancement, margin expansion and guest satisfaction.
ABOUT HIGHLINE HOSPITALITY PARTNERS
Highline Hospitality Partners sponsors and makes investments in full and select-service hotels and resorts throughout the United States. HHP is run by an experienced, cycle-tested, principal investment team with in-depth hotel management and operating experience.
HHP pursues investments where it can significantly impact value through the implementation of an operating agenda or where its operational insights and execution capabilities give it unique market and asset-level advantages. HHP’s most distinguishing attribute—we combine the judgment and value creation of an experienced strategic buyer with the execution capabilities of an experienced financial buyer. For more information, please visit www.highlinehp.com.
ABOUT MARRIOTT HOTELS
With over 590 hotels and resorts in more than 65 countries and territories around the world, Marriott Hotels is evolving travel through every aspect of the guest’s stay, helping to relax, clear minds, stimulate new ideas, and anticipate travelers’ needs, leaving them inspired to reach their full potential. Boldly transforming itself for mobile and global travelers who blend work and play, Marriott leads the industry with innovations, including the Greatroom lobby and Mobile Guest Services that elevate style & design and technology. To learn more, visit www.MarriottHotels.com. Marriott Hotels is proud to participate in Marriott Bonvoy®, the global travel program from Marriott International. The program offers members an extraordinary portfolio of global brands, exclusive experiences on Marriott Bonvoy Moments and unparalleled benefits including free nights and Elite status recognition. To enroll for free or for more information about the program, visit marriottbonvoy.com.
Amy Domizi, StepStone Hospitality, email@example.com, 440.773.2113