Steve Johnson joined Stonebridge Companies in June of 2016 as Vice President of Information technology. For the past 25 years Steve has worked in multiple technology positions in the hospitality industry; primarily focusing on restaurant hospitality. Most recently Steve was the senior director of information technology for Einstein Noah restaurant group which operates Einstein Brothers bagels among other brands. Steve has also held technology leadership roles in several restaurant companies along the front Range, including champs, Boston market , Village Inn and Quizno’s. Steve grew up along the front Range and attended college at the University of Colorado in Greeley Colorado.
Tommy Nigro is responsible for the coordination of all acquisition and development underwriting, the management of due diligence processes and the administration of asset management functions. Mr. Nigro joined Stonebridge Companies in 2006 as the firm’s Acquisition & Development Manager and, prior to that, worked as a Senior Associate at HVS International performing hotel appraisals, market studies and feasibility studies for a number of clients throughout the United States. Mr. Nigro graduated with a Bachelor’s Degree from the University of Kansas and spent several years working in hospitality operations before returning to school and obtaining an MBA from Denver University with a specialization in Hospitality Finance and Asset Management.
David Chin serves as VP of Information Technology at Stonebridge Companies where he provides overall leadership in all areas of technology and application systems. His responsibilities include managing the IT department, and ensure delivery excellence in current systems and technology operations. David is focused on implementing best practices in all current systems and IT functions, and acts as a visionary for future IT processes and initiatives. Mr. Chin has over nineteen years of IT experience, working in industries such as semiconductor, software, home building, and hospitality. Prior to joining Stonebridge Companies, Mr. Chin served eight years at Stanford Hotels Corporation in San Francisco as Director of IT. Mr. Chin holds bachelor degrees in Business Management, Human Resources Management, Management Information Systems and a MBA in Technology Management. He also has a current CHTP (Certified Hospitality Technology Professional) designation by the Hospitality Financial Technology Professionals Association.
Matt Friend serves as Vice President of Risk Management for Stonebridge Companies. He is responsible for minimizing risk to the company by leading the company’s risk management strategy, negotiating insurance programs, managing claims, implementing loss prevention programs and administering contract protocols. He has over 23 years experience in the hospitality industry, most recently serving almost nine years as Director of Risk Management for Red Robin International. Mr. Friend is Past President of the Rocky Mountain Chapter of Risk and Insurance Management Society (RIMS) Board of Directors and is an Affiliate Faculty member at Regis University, College of Professional Studies in Denver, CO. Matt earned his Master’s of Science in Management from Regis University and his Senior Professional in Human Resource (SPHR) certification.
Scot CameronScot Cameron joined Stonebridge Companies in 2011 as its Vice President of Development and Construction providing an additional layer of oversight for the numerous, complex development projects under construction at any given time. Prior to joining Stonebridge, Mr. Cameron served multiple roles at Sage Hospitality, a privately held hospitality development and management company, from 2007 to 2011 focusing on project growth development, asset management, complex physical due diligence as well as strategic dispositions and finance while working closely with the Board of Directors. From 2000 to 2007, Mr. Cameron worked closely with the executive team coordinating the growth of Magnolia Hotels from one urban, historic hotel to four while overseeing the majority of construction, development and financing through many roles and most recent as Vice President of Development and Finance. He holds a B.B.A. from the University of Wisconsin in Real Estate & Finance from the Graaskamp Center, and Marketing.
JB Bettinger is responsible for all aspects of Human Resources for Stonebridge Companies, and oversees talent acquisition, employee benefits (health plans and 401(k)), training, employee relations, labor relations, and federal/multi-state labor law compliance. JB brings to Stonebridge more than 25 years experience in leading human resources teams in the hospitality industry including lodging, retail, and food/beverage operations. Ms. Bettinger is an experienced HR business partner in both public and privately owned organizations, and is well-versed in organic growth, mergers and acquisitions. Ms. Bettinger holds a BS/BA in Business Administration, and an MBA in International Business from Regis University.
Rhonda joined Stonebridge Companies in 2013 and brings over 15 years of hospitality experience. Prior to joining the Stonebridge team, Rhonda spent ten years with Prism Hotels in a variety of roles including General Manager, Task Force & Transition Manager, Regional Director of Operations, and SVP of Operations. Rhonda holds a Bachelor of Arts in Philosophy and a Bachelor of Science in Hotel & Restaurant Management, both from the University of Missouri.
Rhonda is originally from Cape Fair, Missouri. She is an avid runner, having completed several half marathons. She has 2 dogs and volunteers often with local animal rescues.
Jack joined Stonebridge Companies in 2014 and oversees Stonebridge Companies’ full, select and extended stay portfolio. Prior to joining Stonebridge Companies, he was Regional Director of Operations with Expotel Hospitality LLC and RFS Hotel Investors/Flagstone Hospitality. Jack’s professional career also includes multiple positions across many branded and boutique hotels where he specialized in underperforming and turn around assets. He has received General Manager of the Year honors several times throughout his career.
Jack began his career in restaurants while attending University of Florida and Palm Beach State College where he majored in Psychology. He is originally from Orlando, Florida and he and his wife have four children.
Jane has over 20 years as a leader in all aspects of the hotel business and is a successful executive with the proven ability to manage change, implement systems and processes and exceed goals. Prior to joining Stonebridge, Jane strategically directed over 100 hotels on how to maximize revenue of pre-opening and newly opened/converted Marriott branded hotels (MHR, RHR, CFRST, AC, Autograph, and JW) in the Americas by assisting with sales, marketing and revenue strategies. She also led a team to Hotel of the Year honors from Marriott International.
Jane previously served on the board of the Colorado Hotel and Lodging Association and currently serves on the board for Stand Up For Kids. She is originally from Stoneham, Massachusetts, located just outside of Boston and she and her husband have two fabulous children.
Sandra joined Stonebridge Companies in the 2007 and oversees Stonebridge Companies’ full service portfolio. Ms. Esparza has extensive experience in a number of markets, both branded and independent, including 4 and 5 diamond hotels and resorts. Prior to joining Stonebridge Companies, she was Vice President of Operations with Gemstone Hotels and Resorts and Shell Hospitality. Sandra’s professional career also includes several years with Hilton Corporation and ITT Sheraton/Starwood in multiple positions where she was a highly awarded hotelier and industry leader. Her industry experience began while attending Northeastern University in Boston where she majored in psychology, sociology and theatrical arts.
Scott McChesney joined Stonebridge in 2008. As Senior Vice President of Acquisition and Development, Scott oversees hotel development, acquisitions, funding, and new business opportunities. Prior to joining Stonebridge, Mr. McChesney was Vice President of RD Olson Development where he was instrumental in growing the company into Southern California’s 20th largest developer in 2007. Mr. McChesney also worked with The Walt Disney Company where he was Director of Development/Acquisitions for their Imagineering division. He also spent one year in Disney’s Corporate Strategic Planning group. At the Pepsi-Cola Corporation/Taco Bell, he was Senior Manager of Development where he analyzed and approved or disapproved the development of proposed fast food sites, approving over $300 million in development capital. Mr. McChesney, who has two years of investment banking experience, holds an MBA from USC and a bachelor’s degree from Pennsylvania State University.
DSC_1453_ppRandy Santulli joined Stonebridge Companies in early 2006 where he serves as Senior Vice President-Hotel Operations. He is responsible for all aspects of the hotel portfolio including select-service, extended-stay, mid-scale and full-service hotels. Mr. Santulli has an extensive background in food and beverage operations and has successfully repositioned numerous high volume restaurant and catering operations throughout his career. Prior to joining Stonebridge, Mr. Santulli served with Remington Hotel Corporation as Divisional Vice President-Hotel Operations, where he was involved in over 45 hotel acquisitions. He previously served with Westbrooke Hospitality Corporation as Senior Vice President-Hotel Operations. Mr. Santulli holds a degree from the Culinary Institute of America.
Howard Pollack joined Stonebridge Companies in late 2010 as its General Counsel. Mr. Pollack served as outside counsel to Stonebridge Companies for the past 15 years. He is responsible for managing all legal matters relating to acquisitions, financing, development, construction and general business and corporate matters. Prior to joining Stonebridge Companies, Mr. Pollack spent 17 years at the law firm of Brownstein Hyatt Farber & Schreck where he was a senior partner in the firm’s real estate group and co-chair of the firm’s hospitality group. He brings with him over 21 years of experience in all aspects of real estate law including acquisition, finance, development and disposition of all types of real estate assets. Mr. Pollack began his career as an associate in the real estate group at Richards, Layton & Finger in Wilmington, Delaware. Mr. Pollack graduated Magna Cum Laude from Syracuse University College of Law in 1991. He received his undergraduate degree in economics, with honors, from the University of Delaware. Mr. Pollack frequently lectures on real estate matters in Colorado and is a member of various boards and organizations including the Academy of Hospitality Industry Attorneys, Denver Botanic Gardens and the Colorado Outward Bound School.
David Womack joined our company as Chief Financial Officer in January 2008. Prior to joining Stonebridge Companies, Mr. Womack served from August 2005 to November 2007 as Executive Vice President, Chief Financial Officer and Treasurer for Champps Entertainment, Inc., a publicly held restaurant company. He started with Champps in April 2002 as its Controller. From April 1997 until April 2002, Mr. Womack served in various capacities including Controller, Chief Financial Officer and Chief Executive Officer for the Wynkoop Brewing Company. From August 1985 until April 1997, Mr. Womack worked in various accounting capacities for VICORP Restaurants, Inc., including Controller. Mr. Womack received his CPA certificate in 1993 and is a member of the American Institute of Certified Public Accountants. He received his B.S. degree in Finance from Colorado State University and M.S. degree from the University of Colorado at Denver.
Jim Luchars joined Stonebridge Companies in 2012. As Chief Investment Officer Jim oversees all new acquisition and development growth initiatives of the company. Prior to joining Stonebridge Jim was a Principal with AEW Capital Management in the firm’s opportunity fund group. In this capacity, he led AEW’s hospitality group with responsibility for investment origination and asset management for all hotel investments in North America. He was also responsible for office, retail, residential and industrial acquisitions in Chicago, Boston and Florida. Over the course of his tenure at AEW, Mr. Luchars was involved in over $3.0 billion in hotel and commercial real estate transactions in the United States and Europe. Mr. Luchars has over 17 years of real estate experience and six years of years of hotel operations experience. Prior to joining AEW Capital Management in 1996, he served as a senior consultant with the Ernst & Young Kenneth Leventhal Real Estate Group in New York City. He has also held various management positions within the hospitality industry. Mr. Luchars is a graduate of Connecticut College (B.S.) and Cornell University (M.P.S. in Hotel Management and Business).
Chris Manley received his Masters in Professional Accounting and Bachelor’s from the University of Texas in Austin. Upon graduating, Chris received the highest score in the State of Colorado’s May 1993 CPA exam, and his score ranked within the top 100 in the nation.
Prior to joining Stonebridge, Chris spent fifteen years at The Pauls Corporation, a real estate investor developer across multiple asset classes. Chris was President of the real estate services company and Chief Financial Officer/Chief Accounting Officer for the entire organization. Prior to joining Pauls, Chris was a Vice President for ProLogis (NYSE: PLD), an industrial REIT, where he was responsible for the acquisition, development, and management of a 10.0msf industrial portfolio in Tennessee and a 5.0msf industrial portfolio in Florida.
Chris Manley grew up in Denver, Colorado. He and his wife have two children. Chris is currently serving on the board of trustees for JK Mullen High School and as a director of the Western Golf Association.
Navin Dimond is the founder of Stonebridge Companies. He serves as President and Chief Executive Officer, overseeing the company’s development and investment functions. Stonebridge Companies has experienced substantial, positive growth. Mr. Dimond is the recipient of the Award of Excellence from the Asian American Hotel Owners Association, the Hotelier of the Year Award from the Colorado Hotel and Lodging Association and the prestigious Hilton Hotels Multi-brand Developer of the Year Award. In 2013 Stonebridge Companies received the coveted Marriott Partnership Circle Award, granted to Franchisees for their excellence and commitment to growth as well as dedication to their associates and guests. In 2007, Mr. Dimond received the Ernst & Young Entrepreneur of the Year Award in the Real Estate and Hospitality category for the Rocky Mountain Region.
As a result of his expertise and proven track record, Mr. Dimond serves in an advisory role for a wide variety of organizations. Currently, Navin serves on the Franchise Advisory Council for Hampton Inn Hotels by Hilton and Marriott’s Residence Inn Advisory Board (TRIA Board). Navin has been involved with the Colorado Hotel and Lodging Association (CH&LA) for many years, serving as Chairman in 2003. In 2008 Navin was inducted into the CH&LA Hall of Fame. Mr. Dimond serves on the Washington State University College of Engineering and Architecture Executive Leadership Board, Cornell University’s Dean’s Advisory Board for the School of Hotel Administration and the Daniels College of Business Executive Advisory Board at the University of Denver.
Involvement in the local community is important to Mr. Dimond. Currently he serves on the Board of Trustees for the University of Denver and the Denver Center for the Performing Arts. In addition, Navin serves on the Foundation Board of the Metropolitan State College of Denver and is a Board Member of the Denver Metro Convention and Visitors Bureau (VISIT DENVER), serving as its Chairman in 2016.
Mr. Dimond is a graduate of Washington State University where he earned his B.A. in Business Administration and his B.S. in Construction Management. He earned his MBA in Real Estate and Construction Management from the University of Denver.
The brand new Residence Inn Washington Capitol Hill Navy Yard opens March 2017! Located on First Street, this hotel is in an up and coming area of the Navy Yard that will surely provide a top tier extended stay guest experience. Just a few miles from Downtown and adjacent to the Nationals Park, this Washington D.C. hotel will offer a wide range of amenities and the service & quality that guests have come to expect from a Residence Inn by Marriott®.
Accommodations include 170 spacious studio and one-bedroom suites with separate living and sleeping areas and fully equipped kitchens ready for your favorite cuisine. Complimentary grocery delivery service is available to fill your refrigerator and satisfy cravings. Connect to free internet throughout the hotel and enjoy free hot breakfast to start mornings off right. The Residence Inn Mix® evening social hour, offered Monday through Wednesday, offers an opportunity to end the day well, with complimentary beer and wine with small plates to snack on. Our fitness center ensures your routine won’t fall by the wayside during your stay. At Residence Inn, we’ll make sure you thrive during your stay.
Residence Inn by Marriott Washington Capitol Hill/Navy Yard
1233 First Street SE
Washington, DC 20003
Hotel Phone: 202-770-2800
Hotel Fax: 202-695-1233
Originally appeared in HOTELS Mag Online in March, 2017
IHG Holiday Inn: IHG signed eight new Holiday Inn and Holiday Inn Express hotels in Germany, a country which is now IHG’s second biggest market in Europe with 69 hotels and 38 in the pipeline.
Auberge: Auberge Resorts Collection will manage The Lodge at Blue Sky, a contemporary luxury resort under development near Park City, Utah. The resort will be built at Blue Sky Utah, a 3,500-acre hospitality and recreational paradise created by local developer Mike Phillips.
Stonebridge: Stonebridge Companies commenced construction on a 230-room, 11-story Hyatt Place hotel in San Francisco. Stonebridge Companies is developing the project and will also manage.
Originally appeared in Colorado Real Estate Journal in March, 2017
A record number of hotel rooms will be added to the Denver area hotel market this year.
The market is poised to add 3,500 to 3,800 hotel rooms this year, according to Bob Benton, principal of Robert S. Benton Associates.
That is about 1,000 more rooms than were added in 2015 and 2016, combined.
“We’re not going to be able to absorb all of those units” that will mostly come on line in the second half of 2017, he said.
However, the market is not facing overbuilding, according to Benton, who will moderate a broker’s panel at the 2017 Hotel & Resort Summit & Expo from noon until 4:45 p.m. March 16. The conference, at the Hyatt Regency Aurora-Denver Conference Center, will be Colorado’s largest hotel and development and investment conference this year.
The conference, sponsored by the Colorado Real Estate Journal, is expected to draw more than 350 industry leaders.
“We are going to be moving toward equilibrium,” in which supply and demand are in balance, he said.“We are not going to be overbuilt at this point,” Benton said.
That is because very few rooms were added from 2009 to 2014, he said.
Hotel construction came almost to a standstill because of the Great Recession and with lenders unwilling to invest capital for new hotels, he said.
And the Denver area hotel market has been hovering at record, or near record, levels for the past two years.
Last year, the overall hotel occupancy rate was 75 percent, just under the 75.9 percent in 2015.
But the average daily room rate rose 5 percent to a record $140.46 from $133.65 in 2015, Benton’s research shows.
Even with all of the new supply, Benton expects rates to rise another 3 percent this year.
“Because a lot of these rooms are going to be opening in the second half of the year, it is going to push rates in the summertime,” Benton said.
The average daily room rate rose about 5 percent last year, and Benton expects rates, overall, to rise another 3 percent in 2017 from 2016.
And the hotel building boom won’t come to a halt in 2017.
Benton expects another 1,500 to 2,000 hotel rooms to be added to the Denver area market in 2018.
In addition to Benton, other speakers at the CREJ hotel conference include:
Originally appeared in Hotel Business Online in March, 2017
WASHINGTON-The Residence Inn Washington Capitol Hill/Navy Yard is scheduled to open on March 14. The 170-suite property will operate as a Marriott franchise, owned and managed by Stonebridge Companies of Denver.
“Stonebridge Companies is proud to expand our presence into Washington, DC, with the addition of this Residence Inn by Marriott,” said Navin Dimond, CEO and founder of Stonebridge Companies.
The property is an all-suite hotel that offers studio and one-bedroom suites. Each suite has a work desk, an ergonomic chair, complimentary internet access, and a kitchen with a coffeemaker, microwave oven and residential-sized appliances.
Amenities include a grocery delivery service, complimentary WiFi, a 24-hour onsite food and beverage market, dry cleaning services, a business library, a fitness center, 340 sq. ft. of meeting space and a onsite guest laundry room.
Conveniently located just 1.5 miles from San Francisco International Airport and nine miles from downtown, the newly renovated Four Points Hotel & Suites San Francisco Airport is in the perfect location when traveling for work or play.
We provide all the extras you’ll love like fast & free WiFi and a free shuttle to get you to and from the airport. Get work done in our business center, or stay fit on the road in our 24-hour fitness center. Located adjacent to the hotel, the South San Francisco Convention Center offers 16,500 square feet of meeting space.
Four Points by Sheraton San Francisco Airport
264 S Airport Blvd
South San Francisco, CA 94080
Hotel Phone: 650-624-3700
Originally appeared in Mile High CRE in February, 2017
Denver, CO – Denver-based hotel owner, operator and developer Stonebridge Companies has been awarded the esteemed Association for Corporate Growth (ACG) “Emerging Company” award as a result of the company’s continued profitability, social responsibility, and community service.
Celebrating companies with three years or more of sustained profitability, Association for Corporate Growth (“ACG”) Denver grants awards each year to two companies headquartered in Colorado whom they feel demonstrate excellence in growth strategies surrounding their markets, growth, customers or products, and that also equally display social responsibility and community involvement.
The “Emerging Company” award bestowed on Stonebridge credits companies with revenues between $10 million and $100 million.
“Stonebridge rises above all entries for its excellent management and long-term strategic execution on its growth plans,” said Joanne Baginski, partner at EKS&H and chair of the corporate growth awards committee. “The company truly represents the spirit of these awards through its commitment to corporate growth in Colorado.”
Recently awarded the prestigious Marriott “Spirit to Serve” award in 2016, Stonebridge’s community involvement is vigorous and recognized throughout every location of the company. The national Marriott award is bestowed on team members and companies that distinguish themselves through their heightened sense of global awareness and willingness to give back to the communities and world around them.
“We feel very proud to be the recipient of such a notable local award,” said Navin Dimond, President and CEO of Stonebridge Companies. “Through our commitment to our Distinguished Hospitality™ brand, our mission is not merely about growth as a company, but to also contribute to and be active members of every community we represent.”
Originally appeared in Hotel News Resource in February, 2017
The HSMAI board consists of a wide range of hospitality professionals from all areas of the industry, representing more than 25 hotels and hotel companies.
The Hospitality Sales and Marketing Association International (HSMAI) is pleased to announce its 2017 Americas Board of Directors, Executive Committee, and Expert Communities Chairs. The HSMAI board consists of a wide range of hospitality professionals from all areas of the industry, representing more than 25 hotels and hotel companies.
“HSMAI welcomes a diverse and talented group of professionals to the 2017 Americas Board of Directors,” said Robert A. Gilbert, CHME, CHBA, president and CEO of HSMAI. “As we celebrate HSMAI’s rich history during our 90th Anniversary throughout 2017, the Board will continue to look to the future with the strategic objective of advancing the association to benefit our members and the industry.”
Jeff Senior, Vice President Marketing at KSL Resorts, continues his service during the second and final year of his term as HSMAI Americas Chair. A 30-year veteran of the travel industry, Senior joined KSL in 2015. He is also the chair of the HSMAI Global board and serves as a commissioner on the California Travel and Tourism Commission.
“It’s a true honor to begin my second year as the chair of this impactful organization,” said Senior. “In this rapidly changing business environment, it’s a privilege to work with industry leaders to monitor trends, share best practices, and deliver education and insights that help our members drive intelligent, sustainable hotel revenue growth.”
Other HSMAI Americas Executive Committee members:
Chair elect: Mark Thompson, CHBA, CHDM, CHSE, Vice President of Tourism, Dallas Convention & Visitors Bureau
Vice Chair: Marina MacDonald, CHDM, Chief Marketing Officer, Red Roof Inn
Secretary-Treasurer John Washko, Vice President of Group Marketing and Sales, Atlantis, Paradise Island
Immediate Past Chairman: Rob Torres, Managing Director, Travel, Google
President: Robert Gilbert, CHME, CHA, President & CEO, HSMAI
HSMAI Americas Board Members:
HSMAI’s expert communities connect members with common interests across geographic boundaries in the America’s region. Each expert community is led by an advisory board or council which guides HSMAI’s strategic direction as it relates to their dedicated subject matter, resulting in face-to-face and virtual education, special resources, insights, and more that are specific to their particular area of expertise.
HSMAI’s Expert Communities Chairs:
The Hospitality Sales and Marketing Association International (HSMAI) is committed to growing business for hotels and their partners, and is the industry’s leading advocate for intelligent, sustainable hotel revenue growth. The association provides hotel professionals & their partners with tools, insights, and expertise to fuel sales, inspire marketing, and optimize revenue through programs such as HSMAI ROCET, Adrian Awards, and Revenue Optimization Conference. HSMAI is an individual membership organization comprising more than 7,000 members worldwide, with 40 chapters in the Americas Region. Connect with HSMAI at http://www.hsmai.org.
Originally appeared in The Registry Puget Sound Real Estate in January, 2017
Seattle – (January 31, 2017) – Mortenson Construction this week marked the topping out of the 15-story, 302-room Residence Inn by Marriott at 924 Howell Street downtown with the placing of the final concrete slab.
Developed by Denver’s Stonebridge Companies, the Residence Inn by Marriott’s completion in fall of 2017 will signal the start of a historic hotel boom in Seattle. The hotel is the second-largest in Seattle’s three-year hotel pipeline, a period that may see more than 5,000 new rooms come online, according to recent data from the Downtown Seattle Association (DSA).
By comparison, the DSA counts just 2,700 rooms added from 2005 through 2016. With among the highest occupancy rates in the nation – more than 93 percent of all downtown Seattle hotel rooms are occupied on a given evening, with average room rates outpacing those of San Francisco – hotels will soon be built at a frenzied pace.
“More business travelers than ever are making their way through Seattle, and the city’s tourism industry is expanding, squeezing an already-constrained supply of hotel rooms,” said Mortenson Construction vice president and general manager John Nowoj. “We’re proud to partner with Stonebridge Companies to deliver a comfortable, convenient hospitality experience in one of the city’s fastest-growing neighborhoods.”
Stonebridge Companies’ Residence Inn by Marriott is situated in Denny Triangle, an area evolving into a hub for high-profile office, residential, retail and hotel projects. Adjacent to the Washington State Convention Center, the hotel will include a 7,000 square-foot conference center as well as a fitness center and three levels of below-grade parking. Each room will include a kitchenette and work area for extended-stay travelers.
“Now more than ever, given the boom and shortage of skilled labor, it’s critically important that the developer, construction team and design partners operate as one unified team, adopting a true partnership approach. We have that here.” said Mortenson’s Phil Greany, who the company’s Hospitality Market. “It’s simple, if your team cannot establish an ‘in it together’ approach, you will fail.”
The project team includes architecture firm Weber Thompson, Denver-based interior design company Design Force, Johnson Braund and DCI Engineers. The mechanical, electrical and plumbing design-build team is composed of Valley Electric (electrical, fire alarm and low-voltage systems) and Auburn Mechanical (HVAC, plumbing, controls).
Mortenson is among the most active builders in the booming Denny Triangle neighborhood. Along with Hudson Pacific Properties’ Hill7 office building and Touchstone’s adjoining 222-room Hilton Garden Inn completed in 2015, Mortenson is currently building AMLI Residential and Mortenson Development’s 41-story AMLI Arc apartment tower, and the 11-story Tilt49 office project developed by Touchstone and Principal Real Estate Investors.
Since 1982, Mortenson Construction has provided diversified construction services offering customer-centric general contracting, construction management, design-build, program management, project development and “turn-key” development in Seattle. Mortenson has built over 250 projects valued at more than $4 billion. Clients include: Alaska Airlines, Boeing, City of Seattle, City of Tacoma, Group Health, Microsoft, Providence Hospital, Snohomish County, Tulalip Tribes, the University of Washington, among others. For more information, please visit http://www.mortenson.com/.
About Stonebridge Companies
Founded in 1991 by Navin C. Dimond, Stonebridge Companies is a privately owned, innovative hotel owner, operator and developer headquartered near Denver, Colorado. The diverse portfolio of properties includes select-service, extended-stay, mid-scale and full-service hotels in markets throughout the U.S. For detailed information, visit http://www.sbcos.com.
Photo Credit: Weber Thompson
Originally appeared in Yahoo! Finance in December, 2016
DENVER, CO– Stonebridge Companies is pleased to announce that its Renaissance New York Midtown Hotel was honored by Marriott with the 2016 Opening of the Year award, which recognizes full-service Marriott franchises for momentous and well-executed openings nationwide.
This is the fifth consecutive year Marriott has bestowed this award and out of the many hotels which opened in 2016, the Renaissance New York Midtown won due to their organization, timely opening strategy, and communication with the entire conversion team.
“Opening of the Renaissance New York Midtown Hotel has been one of our companies’ proudest moments to date,” said Navin C. Dimond, founder and CEO of Stonebridge Companies. “Our team worked tirelessly to ensure that the opening was a success under our unique brand of Distinguished Hospitality™.”
“This flagship hotel is in a position to capture the eyes of hundreds of thousands of New York commuters,” said Anne Marie Wemmlinger, Vice President, Full Service Franchising – Operations, Marriott International. “Our award winner has pioneered unique customer experiences by creating the brand’s first fully-interactive Navigator.”
Opened in the spring of 2016, the Renaissance New York Midtown Hotel is located in the fashion-forward Garment District, and is defined as New York’s first “living” hotel with state-of-the-art ambient intelligence technology. Guests entering the AAA Four Diamond hotel are offered the unique experience of interacting with ever-changing digital displays projected along the corridors. Showcasing the vision of our digital future through a variety of technologies, including reflective wallpaper, motion detectors, projectors and 3D cameras, the hotel walls create a dynamic tapestry, responsive to the presence of people, and reflecting the energy of the surrounding neighborhood.
Stonebridge Companies has received several other industry recognitions from Marriott International including the 2016 Spirit to Serve award, the Service Excellence, and Food and Beverage Excellence in 2015, as well as Developer of the Year and Outstanding Contribution for Select Service in 2013.
About Stonebridge Companies
Founded in 1991 by Navin C. Dimond, Stonebridge Companies is a privately owned, innovative hotel owner, operator and developer headquartered near Denver, Colorado. The diverse portfolio of properties includes select-service, extended-stay, mid-scale and full-service hotels in markets throughout the U.S. For detailed information, visit http://www.sbcos.com.
Originally appeared in Hotel News Now in December, 2016
Navin Dimond, founder, president and CEO of Colorado-based Stonebridge Companies, says the management and development company succeeds because of its commitment to strong relationships.
ENGLEWOOD, Colorado—When Navin Dimond founded Stonebridge Companies 25 years ago, hotels weren’t a big part of the company’s agenda.
“I am an accidental hotelier; it was not by design,” he said. “My original intentions when forming (the company) were centered more around other real estate,” such as office, retail and warehouse deals.
Over that timespan, the company has done countless deals, yet every one is distinctly unique to Dimond. Fast-forward 25 years, and now hotels are what have earned the third-party management, ownership and development company based in Colorado its mark on the industry. With more than 56 hotels comprising more than 10,000 guestrooms* nationwide and new deals constantly in the works, Dimond, the company’s president and CEO, has definitely made the most of his “accidental hotelier” status.
“Every deal, project and relationship is equally important to me,” he said. “It’s all about relationships—you are only as good as your word, and building strong relationships in all areas of your company is what I believe makes you successful.”
Strong relationships, strong brands
Good relationships aren’t just reserved for guests, Dimond said. They extend to everyone from guests to associates to owner and brand partners. They’re what has kept the company moving forward over the last 25 years, and will continue to direct it in the future, he said.
“Our primary directive has, and will always continue to be, distinguished hospitality,” Dimond said. “It is what we strive to practice every single day as we build on the previous day’s work and experience. It is what we have set as our mission to be as a company.”
Today, Stonebridge Companies has a large branded footprint and has won many awards from the likes of Marriott International and Hilton Worldwide Holdings. Relationships with brand companies have grown over the years, Dimond said, thanks to “strong partnerships built on trust, integrity and open and honest communication.”
Some highlights from the past few years include a project to repurpose a downtown Denver office building into the company’s and Colorado’s first dual-brand hotel—the Hampton Inn & Suites and Homewood Suites Denver Downtown Convention Center. That project earned Stonebridge Hilton’s Dual-Brand Developer of the Year award in 2013.
In 2014, the company converted Denver’s iconic Colorado National Bank building into its first Renaissance Hotel, the Renaissance Denver Downtown City Center hotel, which received Marriott’s 2015 Hotel of the Year award for the Renaissance brand in the western United States.
The company continues to grow beyond its home state’s borders as well. This year marked Stonebridge’s first opening in the Boston market, the Residence Inn Boston Watertown, as well as the opening of the Renaissance New York Midtown, the company’s third Marriott-branded hotel in Manhattan.
Dimond said he considers the company’s best accomplishment, however, to be its people.
“Our company now employs over 3,000 associates across the country and they deliver distinguished hospitality each and every day,” he said.
Part of that mission to deliver distinguished hospitality is keeping up with changes in the industry, the biggest of which has been technology, Dimond said.
“We are constantly evolving to stay on top of cutting-edge technology,” he said.
Those efforts help a lot when it comes to guest satisfaction, he said, and the company’s “ability to give and receive feedback … and improve each and every day.”
As the company continues to evolve to meet its guests’ needs, brand companies are doing the same, Dimond said.
“Our guests have become more diverse and, as a result, our hotel offerings need to reflect their diversity and lifestyle,” he said.
Case in point: The company is developing a 147-room Moxy hotel from Marriott in Seattle, near Amazon’s headquarters. Development has begun on the new build, which is scheduled for a 2017 opening.
While brands continue to be a huge part of Stonebridge’s strategy, Dimond said more independent hotels are definitely in the company’s future. Stonebridge currently operates the Waterfront Place Hotel in Morgantown, West Virginia.
“We anticipate more in the future for the appropriate locations,” he said.
When it comes to projects, Dimond said there really is no prescribed “sweet spot” for Stonebridge.
“We are all about making good decisions,” he said. “If a deal makes sense, we will do it.”
He called the company’s pipeline “exciting,” citing projects in the works in Boston; Washington, D.C.; Seattle; San Francisco; Denver; and Boulder, Colorado.
“We will continue down the same path that brought us this far, with thoughtful execution every day,” he said.