Chicago-based hotel investor Arbor Lodging Partners and management firm NVN Hotels on Thursday announced the two companies will now operate under the name Arbor Lodging. The investment arm will continue as Arbor Lodging Partners and NVN Hotels will now operating as Arbor Lodging Management.
The two firms, incorporated in 2005 and 2008, respectively, were both founded by friends and business partners Sheenal Patel and Vamsi Bonthala. Patel will continue as CEO of Arbor Lodging Management and Bonthala will continue as CEO of Arbor Lodging Partners.
Arbor Lodging will operate three lines of business:
- Investments in underperforming hotels, alone or with joint-venture capital partners;
- Loan acquisitions secured by hotels investments and restructured to provide attractive returns; and
- Hotel management for both Arbor assets and for hotels owned by third-parties.
Arbor currently owns and operates hotels at all price points, from select-service to the boutique Hotel Philips in downtown Kansas City. Taking on more projects like Hotel Philips are at the top of the Arbor team’s list of priorities.