Hotel owner, operator and developer Hotel Equities has formed a strategic partnership with Arkansas-based Pinnacle Hotel Group.
Pinnacle’s current hotel portfolio and its development pipeline will be integrated into Hotel Equities’ management platform effective May 1 and includes properties from Marriott, Hilton and IHG. This partnership builds on an existing relationship, as HE already manages the recently opened AC Hotel by Marriott Kansas City Downtown, which Pinnacle owns. With additional hotels in Pinnacle’s development pipeline, the collaboration aims to further strengthen both companies' growth and expansion efforts.
“Our team is honored to welcome Pinnacle to the HE family,” Brad Rahinsky, president & CEO of HE, said in a statement. “We’ve had the privilege of witnessing Pinnacle’s leadership firsthand through our collaborations over recent years, and their track record speaks for itself. With a foundation of trust, shared values, and a unified vision for long-term success, we look forward to strengthening this relationship and achieving great things together.”
Pinnacle Hotel Group is led by Principals Chet Patel, Rocky Govind, Shawn Govind and Nayan Nagin. “When selecting a management partner, it was essential to align with a company that not only shares our passion for hospitality but also has the ability to support our long-term growth,” Patel said. “Hotel Equities offers a scalable future and we’re confident this partnership will drive meaningful results for our hotels, associates, and guests while also creating new opportunities for our team members to grow their careers.”
The transition process began with an initial town hall meeting that occurred last week, providing associates with a forum for questions, answers and dialogue. This first step was critical, according to the HE team, to create a positive first impression that sets the stage for long-term success, and to ensure clear communication and alignment before the official transition takes place on May 1st.
“This partnership is another example of HE growing smart with the right partners,” said Joe Reardon, HE’s chief development officer. “We are selective about who we align with and Pinnacle’s strong acumen in developing hotels and their vision for the future is representative of the type of engaged, forward-thinking owner partners we seek. Together, we will drive sustainable growth and long-term success.”