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US Hotel Management: Valor Hospitality Adds Property in Colorado Springs

Charlestowne Hotels Adds Hotel One75 in Hamilton, New York; and More
The Mining Exchange Hotel, A Wyndham Grand Hotel and Spa, is now under the management of Valor Hospitality Partners. (CoStar)
The Mining Exchange Hotel, A Wyndham Grand Hotel and Spa, is now under the management of Valor Hospitality Partners. (CoStar)
CoStar News
September 1, 2022 | 12:45 P.M.

This roundup features the latest signings of management contracts in the U.S. hotel industry.

The Mining Exchange Hotel, A Wyndham Grand Hotel and Spa

Rooms: 117
Location: Colorado Springs, Colorado
Management Company: Valor Hospitality Partners
Owner: KWHP Mining Exchange LLC
Date of Contract: Aug. 23, 2022
Takeaway: The hotel was built in 1902 by a mining baron.

Hotel One75

Rooms: 93
Location: Hamilton, New York
Management Company: Charlestowne Hotels
Owner: Hamilton Motel LLC
Date of Contract: Aug. 22, 2022
Takeaway: The hotel is Charlestowne Hotels’ 11th property in a university market, as it is one mile from Colgate University.

Royal Park Hotel

Rooms: 143
Location: Rochester, Michigan
Management Company: Davidson Hospitality Group
Owner: Fairwood Capital
Date of Contract: Aug. 10, 2022
Takeaway: The hotel is Davidson’s third hotel in the state of Michigan.

Hotel Marcel 

Rooms: 165
Location: New Haven, Connecticut
Management Company: Charlestowne Hotels
Owner: Ikea Property Inc.
Date of Contract: Aug. 3, 2022
Takeaway: The hotel opened this past May and is expected to be the country’s first sustainable net-zero energy hotel.

Lockwood Hotel

Rooms: 53
Location: Waterville, Maine
Management Company: Charlestowne Hotels
Owner: Elm City 9 LLC
Date of Contract: Aug. 3, 2022
Takeaway: The hotel opened on Aug. 15.

To be included in an upcoming Hotel News Now U.S. Hotel Management List, email Associate Editor Trevor Simpson here.

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