Benchmark Hospitality International, a leading US-based independent hospitality management company, announces the acquisition of MTM Luxury Lodging. Based in Kirkland (Seattle), Washington, MTM Luxury Lodging is a hotel and asset management company specializing in full service luxury hotels. The acquisition brings four existing managed properties into Benchmark Hospitality’s portfolio and an additional property soon to begin construction. These five hotels will join eight other properties operated by Benchmark to form a new brand within luxury hospitality—the Personal Luxury CollectionSM (PLC), also announced today.
“I am particularly pleased to announce this acquisition and the launch of our new Personal Luxury CollectionSM, as they go hand in hand,” stated Burt Cabañas, Chairman and CEO of Benchmark Hospitality International. “MTM has done an incredible job creating a group of high end and highly customer-focused properties. They bring five superb small luxury hotels in terrific destinations to our company, as well as the opportunity to penetrate the Northwest. With this addition, it is the ideal time to launch our Personal Luxury CollectionSM of 13 highly distinctive independent hotels.”
The purchase of MTM Lodging adds extraordinary properties to Benchmark Hospitality International. These include Hotel 1000 in Seattle, Washington; Sorrento Hotel, also in Seattle; Willows Lodge in Woodinville, Washington, and, Bardessono, located in Yountville, Napa Valley, California. The new Bellevue Park Hotel, being constructed in Bellevue, Washington, is expected to open in 2013.
Equally important, the skilled management talent that developed and grew MTM Lodging has joined Benchmark’s executive team. James Simkins, previously partner and CEO of MTM, has been appointed Benchmark’s new chief operating officer of the just-announced Personal Luxury CollectionSM. Jim Treadway, founder, partner and previously the chairman of MTM, joins the company as general manager of Bardessono in Napa Valley and as vice chairman of Benchmark Hospitality’s Advisory Board.