News & Press

Starwood Capital Group to Acquire TMI Hospitality

Posted in In The News | Comments Off

GREENWICH, CONNECTICUT/FARGO, NORTH DAKOTA (June 19, 2014) – Starwood Capital Group (“Starwood Capital”), a leading global private investment firm, and TMI Hospitality, Inc. today announced that Starwood Capital, through a controlled affiliate of Starwood Global Opportunity Fund X, has entered into an agreement to acquire all of the outstanding stock of TMI Hospitality from the TMI Hospitality Employee Stock Ownership Plan. The acquisition includes 188 hotels, the management company and the development platform. The transaction is subject to customary closing conditions, including certain franchisor and lender approvals.

“From its inception, TMI has developed and operated more than 400 hotels, and I am pleased Starwood Capital recognizes the value created by our extensive experience and talented team members,” said Lauris Molbert, chairman and CEO of TMI Hospitality. “With Starwood Capital, TMI will be able to continue pursuing its growth strategy while fulfilling its mission of impressing guests.”

“The acquisition of TMI Hospitality, a proven and trusted property manager, offers Starwood Capital the exciting opportunity to build on our investments in select-service and extended-stay lodging,” said Suril Shah, senior vice president, acquisitions of Starwood Capital. “We are looking forward to continuing the legacy of TMI’s development and management platform.”

Starwood Capital and its investors currently own 103 select-service hotels covering two-thirds of the United States. Following the close of the acquisition, the firm will control 291 select-service and extended stay hotels across 39 states in the United States.

TMI Hospitality is a developer, owner and operator of more than 180 select-service and extended-stay hotels across 26 states. The Fargo, North Dakota-based company employs more than 4,000 team members.

Citigroup Global Markets Inc. acted as lead financial advisor to TMI Hospitality and Butcher Joseph Hayes also acted as financial advisor to TMI. Hentschel & Company provided a fairness opinion to TMI Hospitality’s Board of Directors. Morrison & Foerster LLP and Morgan, Lewis & Bockius LLP are serving as legal counsel to TMI Hospitality. Starwood Capital received legal counsel from Latham & Watkins LLP and financial advice from BofA Merrill Lynch and Barclays.

About Starwood Capital

Starwood Capital is a private, U.S.-based investment firm with a core focus on global real estate. Since the group’s inception in 1991, the firm has raised nearly $25 billion of equity capital and acquired over $52 billion in assets. Starwood Capital currently has $36 billion of assets under management. Starwood Capital maintains offices in Greenwich, Atlanta, San Francisco, Washington, D.C., Los Angeles, Chicago and Miami, and affiliated offices in London, Luxembourg, Paris, Frankfurt and Sao Paulo. Starwood Capital has invested in nearly every class of real estate on a global basis, including office, retail, residential, senior housing, golf, hotels, resorts and industrial assets. Starwood Capital and its affiliates have successfully executed an investment strategy that includes building enterprises around core real estate portfolios in both the private and public markets. Additional information about Starwood Capital can be found at www.starwoodcapital.com.

About TMI Hospitality

Headquartered in Fargo, North Dakota, TMI Hospitality is a developer and operator of more than 180 select service and extended stay hotels across 26 states. The multiple divisions of TMI support the expanding portfolio through development, construction, services and management of its hotels. More information is available at www.tmihospitality.com.




TMI Hospitality Opens Residence Inn in Niles, Ohio

Posted in In The News | Comments Off

Residence Inn Niles, OH Hotel

TMI Hospitality is pleased to announce that its 103-suite Niles (Ohio) Residence Inn is now open for business. Located at 5555 Youngstown-Warren Road, the all-suite Residence Inn Niles is connected to Eastwood Mall and offers guests convenient access to Covelli Centre and Eastwood Field. Rates will vary depending on length of stay.                                                                                                                                         

“This hotel is unique to our portfolio due to its physical connection to the Eastwood Mall,” said Rick Larson, president of TMI Hospitality. “Our intent was to create a space that offers guest convenience and comfort during their stay.”

“We are pleased to introduce Residence Inn hotels in the Niles area,” said Diane Mayer, vice president and global brand manager, Residence Inn. “When on the road for an extended period, our guests need space to spread out, maintain their life’s pace and restore their energy to help them maintain a healthy balance and routine while traveling. This new hotel offers them a seamless blend of modern style and functionality that allows them to settle in and thrive.”

The Residence Inn Youngstown Warren/Niles is designed as an all-suite hotel that offers studio, one-bedroom and two-bedroom suites. Guests looking for a revitalizing sleep experience will enjoy the hotel’s plush mattresses and crisp linens, while guests focused on being productive will value their suite’s large, well-lit work desk, ergonomic chair and complimentary high-speed Internet access. Designed for stays of five nights or more, each suite also has a fully-equipped kitchen with a coffeemaker, microwave oven and residential-sized appliances.

The hotels complimentary breakfast has a variety of great options, including specially made featured items. Guests can start their day off right with healthy food choices and, with a convenient to-go offering, can make sure they do not miss the most important meal of the day.

Extending the feeling of comfortable living on the road, the Residence Inn Youngstown Warren/Niles offers guests inviting and functional public spaces to relax or collaborate. Road warriors and families alike enjoy the hotel’s grocery delivery service, complimentary Wi-Fi, 24-hour onsite food and beverage market, dry cleaning services, and onsite guest laundry room. The hotel’s weeknight evening gatherings offer a casual, relaxing environment where guests can be as social as they want, while enjoying light fare. The hotel also maintains a business library where guests can fax, copy and print materials, and provides guests with a meeting room, an indoor pool, whirlpool, a patio with barbecue and fire pit, exercise room and Sport Court®.

The Residence Inn Youngstown Warren/Niles is one of 23 hotels in Ohio owned by TMI Hospitality, which operates approximately 200 hotels across 26 states.




TMI Hospitality Hotels Honored by Marriott, Hilton, Carlson

Posted in In The News | Comments Off

TMI Hospitality is pleased to announce that one-third of its approximately 200 hotels across the country have been honored by franchise partners as award winners for outstanding performance and guest satisfaction.  The company is unique for its approach that includes employing its divisions to support all aspects of hotel development and operation, which has created strong relationships with franchises including Marriott International and Hilton Worldwide, and has resulted in exceptional performance results.

During Marriott’s recent annual award announcement, TMI hotels took home 55 awards, 31 of which were in the prestigious Silver through Diamond award categories. In the entire Residence Inn brand, four hotels were selected as its Hotel of the Year finalists, two of which are owned and operated by TMI Hospitality. The company is also a partner with Carlson, owning and operating six Country Inn & Suites hotels across the country, two of which were named President’s Award winners at the brand’s Business Conference held  earlier this year. Country Inn & Suites President’s Awards are given to hotels that achieve high performance results. TMI Hospitality’s Westchase, Texas Homewood Suites was also honored by Hilton early this year as a winner of the brand’s award for Highest Extended Stay Occupancy.

TMI Hospitality executives feel these the awards are an outcome of the company’s 4,000 team members and their commitment to impressing guests. “These awards are a result of the hard work put in by our general managers and their teams across the country,” said Doug Dobmeier, TMI Hospitality’s Senior VP of Operations. “These impressive awards are have been earned through our team members working together to deliver exceptional service to our guests.”




Westchase Hotel Honored as Top Homewood Suites Performer

Posted in In The News | Comments Off

FARGO, N.D. (March 2014) — TMI Hospitality, a leading hospitality management company based in Fargo, N.D., is pleased to announce that one of its hotels has been acknowledged by Hilton as a winner of its Highest Extended Stay Occupancy Percentage award for Homewood Suites brand hotels. The award was presented to Tracy James, general manager of the Homewood Suites Westchase Texas. This is the second year the hotel has received this award, which is presented to hotels in the brand that have the highest percentage of extended stay guests.

 “I would like to congratulate our team at the Homewood Suites Westchase for winning this award,” said TMI Hospitality Area Director Vishal Mody. “Tracy James and her team have worked hard to achieve our extended stay goals while still growing rate. I appreciate their hard work and dedication.”

 The Homewood Suites Westchase is one of 53 Texas hotels that are owned and operated by TMI Hospitality, a company unique for its integrated development and operations platform and its commitment to delivering high-quality experiences to hotel guests. 

To see more about the Homewood Suites Westchase visit their website.




Hampton Inn & Suites Opens in San Bernardino

Posted in In The News, Uncategorized | Comments Off

San_Bernardino_HIS_ExteriorTMI Hospitality, a leading hospitality development and management company based in Fargo, N.D., is pleased to announce the newly constructed San Bernardino (Calif.) Hampton Inn & Suites is now open.

The 114-room hotel employs approximately 25 full- and part-time staff under the leadership of general manager Wendy Crenshaw. “The hotel team and I recognize how lucky we are to be a part of the TMI Hospitality family and the Hampton family,” said Crenshaw. “It is exciting to see our hotel open its doors, knowing that we are bringing TMI Hospitality’s 30 years of experience and knowledge to our community. We are very proud of our new Hampton Inn & Suites.”

Located just off Interstate I-10 in the heart of the city’s business district, the San Bernardino Hampton Inn & Suites is near major health care facilities, the California Speedway and the San Bernardino National Forest. The hotel is just 40 minutes from Big Bear Lake, one of southern California’s largest recreation areas, and less than an hour from Los Angeles.

The San Bernardino Hampton Inn & Suites offers guests amenities such as complimentary hot breakfasts, 24-hour business center, modern fitness center and an indoor heated pool. Guest rooms are equipped with the clean and fresh Hampton bed, free high-speed Internet access, HDTV and ergonomic desk, as well as a sleeper sofa, refrigerator and microwave.

In partnership with TMI Hospitality’s commitment to providing exceptional service to guests, Hampton Hotels foster a unique culture of hospitality, called “Hamptonality.” This term describes each hotel’s approach to friendly customer service, which includes anticipating guest’s needs, and providing helpful suggestions to busy travelers. Hampton Hotels are infused with local photography and art work, which highlights each hotel’s support of its community.

The San Bernardino Hampton Inn & Suites is one of 25 Hampton Inn and Hampton Inn & Suites hotels owned by TMI Hospitality. It is the company’s second hotel in California, joining the TMI Hospitality-owned and operated Sacramento/Rancho Cordova Residence Inn.

For more information or reservations, call the San Bernardino Hampton Inn & Suites directly at (909)-890-0600, or visit the hotel’s website.




TMI Hospitality opens Courtyard in Stafford, Virginia

Posted in In The News | Comments Off

Quanitco_FrontExteriorCourtyard by Marriott is rolling out its innovative lobby and room design in Stafford, Virginia. Owned and operated by TMI Hospitality, this is the newest Courtyard in the area featuring the Refreshing Business lobby environment, where guests can enjoy an open and flexible space. Along with media pods, Wi-Fi and a variety of seating zones, the redefined space is ideal for everything from pop-up meetings to social gatherings.

The 98-room Courtyard Stafford Quantico also offers a refreshing and stylish room design that helps guests stay connected, productive and comfortable. Thoughtfully planned, each room features plush bedding, a functional work space, spacious bathrooms, a separate seating area and complimentary in-room high-speed Internet.

Located at 375 Corporate Drive, the hotel will operate as a Marriott franchise, owned and managed by North Dakota-based TMI Hospitality. Whether traveling for business or pleasure, the Courtyard Stafford Quantico offers guests convenient access to Quantico Marine Base, Marine Corps Museum and downtown Fredericksburg. Rates begin at $109 per night.

Courtyard understands business travelers, and, through extensive research, the brand continues to evolve to meet guests’ changing needs. Combining innovative technology with style and comfort, the adaptable lobby space offers options so guests can make the most of their time on the road.

“From day one, Courtyard has prided itself as a brand that listens to what business travelers want from a hotel,” said Janis Milham, vice president and global brand manager, Courtyard. “Guests want more control and choice with services and amenities that create a healthy balance between working and relaxing. The Courtyard lobby invites guests to get out of their rooms to work, socialize or be entertained, whether traveling alone or with colleagues.”

The hotel will operate under the leadership of general manager Walter Burton. “I am honored to join TMI Hospitality and Marriott in bringing this hotel to the Quantico area,” said Burton. “With the combination of a great location and the well-designed Courtyard brand, our hotel will impress our guests and allow them to eat, stay and work as they choose. From the media booths in the common area, to the Bistro, to the Media Center, there is a comfortable place in our hotel for every traveler.”

The open, bright and contemporary Courtyard hotel lobby welcomes guests with vivid contrasting colors, including blue, green, orange and red. The traditional front desk is replaced with separate welcome pedestals to create more personal and private interactions when guests check in and allow staff to show guests the lobby features and provide assistance. Flexible seating options range from a communal table in the middle of the action, to more private media booths with high-definition televisions, to a more intimate, semi-enclosed lounge area.

Dining has also been completely redesigned with The Bistro – Eat. Drink. Connect.®, offering casual, flexible seating; easier access to food and higher quality, healthier menu options for breakfast; and light evening fare, including snacks, cocktails, wine and beer so guests can unwind. Coffee lovers can also enjoy freshly brewed Starbucks coffee. The MarketTM, a 24/7 shop for snacks, beverages and sundries, is always open for late-night cravings or the toothpaste guests may have forgotten to pack.

A key component of the Courtyard lobby is the newly enhanced GoBoard® 4.0, which presents local information, maps, weather, and headline news on a 55-inch LCD touch screen. Designed with today’s busy traveler in mind, the award-winning GoBoard® features mobile integration, enabling guests to send directions from the GoBoard® directly to their smart phones. Guests can also touch the screen for immediate access to detailed flight information for local airports, popular entertainment and local event information, as well as walking directions.

Throughout the hotel, guests can connect to complimentary Wi-Fi, and there are ample electrical outlets in the lobby to power digital devices. The business library features several computer terminals, along with a printer and separate computer stations dedicated solely to printing airline boarding passes and checking flight status.

Green has been Courtyard’s signature color since Marriott launched the brand 30 years ago. Now it is even greener with the introduction of a guest recycling program for the environment. Receptacles for paper, glass, plastic and metal are conveniently located by side exits.

The four-story hotel features an indoor swimming pool and whirlpool spa, fitness center and guest laundry, and offers 704 square feet of meeting space.




IHG Developer of the Year Award Presented to TMI Hospitality

Posted in In The News | Comments Off

Rick-Larson_croppedFargo-based TMI Hospitality was recently honored by InterContinental Hotels Group (IHG) as its Extended Stay Developer of the Year. Company president Rick Larson accepted the award on behalf of TMI Hospitality at the 2013 IHG Americas Investors and Leadership Conference recently held in Las Vegas.

IHG’s Extended Stay Developer of the Year award is a prestigious honor given to hoteliers that have achieved distinction in the development of extended-stay hotels and that significantly partner with IHG’s family of brands. TMI Hospitality was selected for this award in recognition of its recently constructed Staybridge Suites in Montgomeryville, Pa. Owned and operated by TMI Hospitality, this 105-room hotel features fully equipped suites with abundant space to work and relax, and is conveniently located near numerous dining establishments, entertainment options and historic attractions.

“It is an honor to be recognized by this valuable franchise partner for our skills in developing high-quality hotels in successful markets around the country,” Larson said. “Our company looks forward to continued growth through delivering exceptional hotels and service to our guests.”




TMI Hospitality announces holiday giving program

Posted in Uncategorized | Comments Off

To many people, an important part of the holiday season is spending time with friends and family. Unfortunately, those who have a friend or family member who is hospitalized, in a nursing home or in a treatment center during the holidays often find it difficult to be together. For nearly 30 years, TMI Hospitality has worked to meet that need by offering free hotel rooms on the night of Thanksgiving and Christmas Eve to guests who have a friend or family member who they are separated from because of health issues.

Room in the Inn provided nearly 3,000 people a free night’s stay during last year’s holiday season, and TMI Hospitality is pleased to offer this program again this year.

All TMI Hospitality hotels are participating in this program; rooms will be available as each hotel’s occupancy allows. Please contact a hotel directly and request to speak with the general manager.

We invite you to be our guest! This program is offered at all of our hotels listed on our website




TMI Hospitality celebrates the grand opening of two Fargo hotels

Posted in Uncategorized | Comments Off

Fargo RITMI Hospitality recently hosted an event to celebrate the opening of two new hotels, the Residence Inn by Marriott and the Comfort Suites by Choice. The grand opening celebration began with a ribbon cutting ceremony in front of each hotel, followed by TMI Hospitality employees offering attendees tours of the hotels, appetizers and the opportunity to win prizes.

The event was attended by a number of TMI Hospitality representatives, as well as members of the Fargo-Moorhead Convention and Visitors Bureau, members of The Chamber of Fargo-Moorhead and area business leaders.

Fargo CS

The Residence Inn is a 92-room hotel that employs approximately 35 full-and-part-time staff under the leadership of general manager Laura Ludwig. General manager Kevin Stovall leads a team of approximately 20 full-and-part-time staff at the 82-room Comfort Suites, which is located next door to the Residence Inn.

TMI Hospitality is pleased to open two hotels in its hometown, and is proud to share the success of these hotels with the Fargo-Moorhead community.




TMI Hospitality opens Courtyard by Marriott Portage/Kalamazoo

Posted in In The News | Comments Off

portage_cy_exterior_croppedTMI Hospitality, a leading hospitality management company based in Fargo, N.D., has opened the newly constructed Courtyard by Marriott in Portage, Mich., located at 400 Trade Center Way. The 90-unit hotel features the brand’s innovative lobby and room design and is located conveniently halfway between Chicago and Detroit, with easy access to downtown Kalamazoo and the retail and fine-dining establishments of Portage. Business guests will appreciate the property’s proximity to the world-wide headquarters of Stryker, Pfizer and Zoetis.

The hotel employs approximately 35-full and part time staff under the leadership of general manager Robert Schmidt. Schmidt previously served as general manager of the TMI Hospitality owned and operated Homewood Suites by Hilton Grand Rapids and has 10 years of industry experience. “Being a part of opening this hotel has been an amazing experience,” said Schmidt. “This is a perfect combination of factors including a great community, an advantageous location, TMI Hospitality’s years of development expertise and the incredible Courtyard by Marriott brand. We are opening a hotel that will impress our guests and allow them to stay, eat and work as they choose. From the media booths and communal table in the Bistro, to our Media Center and Terrace fire pit, there is a comfortable place in our hotel for each traveler. As Bill Marriott Jr. said recently, ‘This is not your father’s courtyard!’.”

The Courtyard’s guest rooms are thoughtfully designed to provide the optimum balance between work, relaxation, comfort and sleep. A separate seating area enables guests to relax and unwind and each room’s large work desk with bright lighting enhances productivity. The hotel’s Bistro offers healthy breakfast selections and light evening fare, as well as snacks, freshly-brewed Starbucks coffee and a full-service bar. In the hotel’s sophisticated and inviting public “living space,” guests are welcome at all times to enjoy flexible seating options (including media booths with high-definition televisions and a semi-enclosed lounge area) and will have access to the hotel’s GoBoard which provides relevant up-to-date news, weather, maps, airline arrivals/departures, restaurants, events and other local information.

Additional amenities include an on-site business center, exercise room, free high speed Internet, complimentary guest laundry, indoor pool with Jacuzzi, an on-site Market and a meeting room that seats between 20 to 35 people and boasts a built in projector, large LCD flat screen with DVD capability and doors that open to the hotel’s courtyard.

For more information or reservations, call the Courtyard by Marriott Grand Rapids directly (269) 382-5808, the Courtyard toll-free number at (800) 321-2211, or visit www.marriott.com/azocy




 

TMI hotel logos