Development and Acquisitions
As an innovative company, our development team has an appetite for new development. However, with a strong outlook for hotel performance in a liquid market, there is imminent need to continue pursuing property acquisitions as well as development of new-build hotels where there are distinct pockets of opportunity. We explore the signals of opportunity for the near-future and beyond. We prefer to manage our development growth in order to have a number of projects in the pipeline at all times in diverse segments and locations.
It takes years to conceive, design, finance, build and finally open a hotel. That is the reason our team goes through extensive due diligence, careful analysis and group evaluation with each project. Every market does not justify a new hotel and every acquisition opportunity must align with the company’s vision. In many cases, the best solution is to continue searching for the right opportunity.
Deciding on the right brand for each marketplace is not an exact science, but an art. We look at franchise-building incentives, we prepare countless studies and we explore all opportunities before selecting a brand. We choose only the top franchisors and exploit their marketplace position as a barrier to entry. We work in concert with them because we are committed to delivering on the brand’s promise.
Stonebridge Companies has a particular culture of commitment to its investors. We are passionate about our responsiveness to our development objectives.