RAR Hospitality, a San Diego-based hospitality management group, has been acquired by Hostmark Hospitality Group, headquartered in Chicago. Combine, the company will now own and operate 40 hotels, over 5,000 rooms and restaurants.
Current President, Cameron Lamming, will assume the role of chief development officer of the western region for Hostmark. The terms of the deal were undisclosed.
“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,” said Jerome Cataldo, Hostmark president and CEO.
Operations of RAR’s portfolio will continue under the Hostmark brand in their San Diego office.
Travel & Hospitality reporter Mariel Concepcion can be reached at firstname.lastname@example.org or 858-634-4625.