DALLAS, Texas—Coury Holdings secured 9 new lodge administration agreements throughout California whereas rising its management workforce with the appointment of Bo Patel as chief working officer. With greater than twenty years of expertise in hospitality administration, growth, and funding, Patel will lead West Coast development and operations, driving enlargement, operations, and model partnerships for Coury Holdings’ West Coast property, with a concentrate on the Concert Hospitality division.
“Bo’s deep experience and powerful West Coast relationships make him the best chief to drive our enlargement in California,” stated Paul Coury, founder and CEO, Coury Holdings. “His management will likely be instrumental in positioning us as a dominant pressure within the branded lodge sector, delivering distinctive worth to our possession companions and elevated experiences for our friends.”
With the addition of 9 California properties, Coury Holdings gained a presence in each Northern and Southern California, providing a spread of way of life and branded lodging:
- San Diego: Hilton Backyard Inn Previous City, Hampton Inn Mission Valley, Homewood Suites Mission Valley, and Homewood Suites Lodge Circle collectively add 726 rooms, a number of eating venues, out of doors swimming pools, and health facilities to the market.
- Palm Springs: DoubleTree Palm Spring (289 rooms) provides Mira Bar & Lounge and Polanco Kitchen.
In the meantime, Coury Hospitality, the approach to life division of Coury Holdings, expanded its curated lodge portfolio with 4 new administration agreements, additional reinforcing its footprint within the Western Area:
- TETRA Lodge, Autograph Assortment, Sunnyvale, California
- Lodge Citrine, Tribute Portfolio, Palo Alto, California
- AC Lodge Palo Alto, Palo Alto, California
- AC Lodge Sunnyvale, Sunnyvale, California
Patel is a hospitality and actual property govt with over twenty years of expertise driving worth throughout asset courses. Earlier than becoming a member of Coury Holdings, Patel led a workforce managing a household workplace actual property portfolio, leveraging a data-driven method to develop asset efficiency and ship returns.
Beforehand, he co-founded and served as chief monetary officer of Evolution Hospitality, taking part in a task in its launch, development, and acquisition by Aimbridge Hospitality. He oversaw all monetary points of the enterprise, demonstrating information in monetary administration, strategic planning, and management. Earlier than that, he was vp of finance at Tarsadia Accommodations, the place he led monetary operations, together with accounting, reporting, budgeting, forecasting, and danger administration.
“I’m thrilled to affix Coury Holdings together with this flagship West Coast portfolio,” stated Patel. “Our confirmed administration experience will guarantee distinctive efficiency and visitor experiences, and I look ahead to introducing this dynamic platform to valued possession companions all through the area.”