HRC Hotels

Based in East Lansing, Michigan, we are a Company that is engaged in the acquisition, ownership, development, operation, financing and refinancing of premium brand select service hotels, with emphasis on the extended stay hotel segment of the lodging industry. As a privately-held partnership that was formed in 1999, we currently own 20 premium brand select service hotels located in Ohio, Indiana, Michigan, Iowa and Florida. Our current hotels operate under the Comfort Inn, Hampton Inn, Hampton Inn & Suites, Homewood Suites, TownePlace Suites, Fairfield Inn, Courtyard by Marriott and Baymont Inn & Suites brands. Our goal is to aggressively increase the size of our portfolio within the next three years. Our core strategy is to invest primarily in premium-branded, select-service hotels that typically generate most of their revenue from room rentals, limited food and beverage outlets and meeting space and require fewer employees than traditional full-service hotels. These hotels have the potential to generate attractive returns relative to other types of hotels due to their ability to achieve RevPAR levels at or close to those achieved by traditional full-service hotels while achieving higher profit margins due to their more efficient operating model and less volatile cash flows. We believe that the current market environment presents attractive opportunities to acquire additional hotels with significant upside potential that are compatible with our investment strategy. The current lodging market fundamentals provide significant opportunities for RevPAR and EBITDA growth at their existing hotels. With over 40 years of experience, our senior management team's extensive industry relationships and asset management expertise, enables us to compete effectively for acquisition opportunities and allows us to generate strong internal growth.