Hostmark Acquires RAR Hospitality
Hostmark Hospitality Group continues its strong growth through the integration and acquisition of RAR Hospitality, a San Diego-based hospitality management group. The combined company will now own and operate both limited -service and full-service as well as branded and independent hotels across the United States with a portfolio of 40 hotels totaling over 5,000 rooms as well as several successful restaurants. Operations of RAR’s portfolio will continue under the Hostmark brand in their San Diego office.
“RAR Hospitality has exhibited the breadth and depth of experience that is required in successfully managing boutique and independent hotels. The company’s entrepreneurial spirit and proven track record drive their mission of experience-focused hospitality.” said Hostmark President and CEO, Jerome Cataldo. “The combined talent of our management teams strengthens our resources, further supporting our properties, owners and clients.” said Ron Vlasic, Chief Operating Officer for Hostmark.
A poolside cabana at the historic Lafayette Hotel, Swim Club & Bungalows - now managed by Hostmark Hospitality Group.
“We are excited for what the future holds and plan to do great things with the RAR team, as we continue to aggressively grow our hospitality management platform...”
RAR is a well-respected independent hotel management company owned and helmed by Robert A. Rauch, Chairman and CEO and Cameron Lamming, the firm’s President. The company’s executive team has an average of 25 years of hospitality experience and has been involved in more than $2 billion of real estate transactions. RAR has delivered measurable results for their clients in revenue performance, market penetration, profitability and market improvement. “Joining the Hostmark platform expands the capabilities of our San Diego based team and we are looking forward to further developing and expanding our top-tier management services through this exciting transition.” said Rauch.“The combined leadership team of the expanded Hostmark brand will work together to build a new, forward-thinking and disruptive hospitality management firm that will grow with the continuously evolving industry. We have strengthened our position to continue the high growth rate each of our companies have achieved over the past few years, but can now do so without compromising any part of our hyper high service model,” said current RAR Hospitality President, Cameron Lamming, who will remain a principal in Hostmark. Thomas Prins, Hostmark Principal stated, “We are excited for what the future holds and plan to do great things with the RAR team, as we continue to aggressively grow our hospitality management platform with the first of several potential M&A deals for Hostmark.”