On Thursday InterMountain Management LLC, Monroe, Lousiana and Pillar Hotels and Resorts, Irving, Texas announced that they have entered into an agreement to merge the two organizations into common ownership.
With the acquisition, the combined company will encompass 308 hotels with more than 30,000 rooms under management.
“While we plan to continue operating Pillar as a separate company out of Irving, Texas, we look forward to creating synergies by building on the strengths of both organizations,” said Chris Russell, Pillar CEO.
Founded in 1982 by Dewey Weaver Jr., InterMountain Management develops, owns and operates premium brand hotel properties located in 23 states across the U.S. Established in 2004, Pillar Hotels and Resorts offers on-site management services.