The newly acquired properties include two downtown Seattle, Washington hotels-Hotel Max and Hotel Theodore the boutique Old No. Together, we have great opportunities for growth, and I look forward to remaining engaged with the company and its world-class management team as a member of the combined company's board." Provenance's Founder and Chairman, Gordon Sondland, said, "We are thrilled to join forces with Benchmark Pyramid, a celebrated leader in the hospitality industry with a history of success.
We are confident that Benchmark Pyramid shares our employee-oriented culture and values, and we look forward to a bright future for our combined company." As part of Benchmark Pyramid, Provenance employees will gain access to even greater employment opportunities, and our guests will benefit from the resources of a larger organization with a global portfolio of properties. Katherine Durant, President and CEO of Provenance, said, "This transaction is an exciting step forward for Provenance, our employees and our guests. "The decades of highly successful management from the Provenance team is something we look forward to building upon as we continue to create the most owner-focused, experiential company in the industry." "We couldn't be more thrilled to welcome the Provenance family into Benchmark Pyramid's storied portfolio," said Warren Fields, Benchmark Pyramid's chief executive officer. Terms of the transaction were not disclosed. These values are the fabric of an organization that is passionately committed to honesty, integrity, and transparency.BOSTON, MA, THE WOODLANDS, TX and PORTLAND, OR / ACCESSWIRE / Ap/ Benchmark Pyramid and Provenance Hotels (Provenance) today announced the signing of a definitive agreement under which Benchmark Pyramid will acquire Portland, Oregon-based Provenance, adding 12 unique hotels to Benchmark Pyramid's portfolio of more than 240 properties across the U.S., Europe and the Caribbean. With a history of industry standard-setting accomplishments, and a focus on the people, Pyramid established an unrivaled implementation of quality over quantity. Among them, award-winning and distinctive partners include: Burt Cabañas, Rick Kelleher, Frank Croston, Chris Evans, James Dina, & Co-Founder and Global CEO Warren Fields. The globally recognized accomplishments of our multi-national leaders are foundational. This seasoned team of veteran service and management providers has held, and excelled, at every position in the industry - from the ground up - and operates from a deep level of experience that few can duplicate. Their legacy informs our culture: integrity, principle, and creativity. Trailblazing is in Pyramid's DNA, a company forged by trailblazers who worked their way to success with a great deal of self-reliance (making and taking their own chances). Skilled in business development and finance.Cutting-edge information technology services.Expert sales, revenue management, e-commerce and marketing strategies.Forward-thinking hotel management and operations.Our team consists of seasoned professionals who offer a comprehensive range of capabilities, including: Whether you prioritize the bottom line or exceptional customer service, or both, we will work together to make it happen. We are committed to helping you achieve your vision.
It could be building a legacy that lasts for generations or achieving rapid profitability. We understand that success means different things to different owners. Our Pyramid Global specialists span our core businesses – investment, asset management, and operations – and are experienced in branded and nonbranded properties across full-service, select-service, and luxury/resort lifestyle categories. Our dedicated experts are committed to understanding your assets and objectives, working diligently to bring your vision to life. Your success is our success, and your profitability lies at the heart of our mission. At Pyramid Global Hospitality, we believe in the power of partnership.
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