BOSTON and THE WOODLANDS, Texas—Benchmark Pyramid has added 34 hotels to its management portfolio in recent months, as the company sees a surge of demand across all areas of its business in both acquisitions and new management contracts. The new properties in the United States include both select- and full-service brands by Marriott, Hilton, and IHG, and range in location from Michigan to Texas. In Europe, additions to the portfolio have included three English properties: Staverton Estate in Daventry, Yotel in Manchester, and London EDITION in the capital. Benchmark Pyramid has also taken on new assignments in Spain’s Mallorca, Ibiza, and Barcelona for an additional 12 hotels. The news brings Benchmark Pyramid’s worldwide portfolio to more than 230 properties in the United States, Caribbean, and Europe.
Benchmark Pyramid also continues to grow its receivership platform with institutional special servicers and lenders and was selected for new receivership assignments for both full- and select-service properties in Texas, New York, Pennsylvania, Michigan, and Florida.
Benchmark Pyramid is the combination of two hotel and resort management companies. With a worldwide portfolio of 210 properties and annual operating revenue under management of more than $3 billion, the new company captures the strengths of Benchmark Global Hospitality, a leader in the development and management of independent and lifestyle properties, and Pyramid Hotel Group, with its success across branded/franchise and resort properties. Benchmark Pyramid’s combined centers deliver improved and accelerated results focused on service to owners and hotel guests.