TowerBrook and Related Fund Management to partner with Stonebridge to capture growth opportunities in a favorable market
NEW YORK, LONDON, DENVER - TowerBrook Capital Partners L.P. ("TowerBrook"), an international investment management firm, and Related Fund Management ("RFM"), a real estate investment management firm, announced the completion of their investment in Stonebridge Companies ("Stonebridge" or the "Company"). The transaction was funded through a majority investment from TowerBrook, with a significant minority investment from RFM and a substantial roll-over investment from Navin Dimond, Founder and CEO of Stonebridge. In conjunction with the investment, TowerBrook, RFM and Mr. Dimond have also committed significant capital to establish a real estate investment platform to fund new hotel acquisitions.
Based in Denver, Colorado and founded by Navin Dimond in 1991, Stonebridge manages and operates over 11,500 hotel rooms (67 hotels) across 13 states in the Midwest, Northeast, South, and West Coast markets. The Company provides hotel management services, hotel investment opportunities, and development services across its portfolio. The Company's mission to deliver Distinguished Hospitality™ to guests, team members, and partners has allowed it to grow its portfolio of hotels across multiple full-service, extended stay, select-service, and mid-scale hotel brands. The Company also holds franchise licenses with Hilton Worldwide, Marriott International, Hyatt, InterContinental Hotel Group, and Wyndham, as well as supports independent hotels.