Hostmark Hospitality Group continues to grow with the acquisition of RAR Hospitality, a San Diego-based hospitality management group. The combined company now will 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 restaurants. Operations of RAR’s portfolio will continue under the Hostmark brand in its 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/CEO Jerome Cataldo. “During a time of uncertainty for the entire hospitality industry, Hostmark plans to continue serving its clients to the highest level, focus on creative ways to grow revenue and growing its portfolio of managed properties.”
RAR is an independent hotel management company owned and helmed by Chairman/CEO Robert A. Rauch and President Cameron Lamming. 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 in California, Arizona and Colorado.
“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 continue to grow through the current industry landscape,” said Lamming, who will assume the role of chief development officer, Western region for Hostmark and will be a member of Hostmark’s executive committee. “We have carefully strengthened our position and updated policies and strategies to continue the high growth rate each of our companies have achieved over the past few years without compromising any part of our hyper-high service model.”
Hostmark Hospitality Group expects its expansion to continue rapidly throughout 2020 and beyond, according to the company.
“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, including additional M&A deals,” said Hostmark partner Thomas Prins.