Current Pyramid Hotel Group Senior Management forms Beacon Hospitality Group
Purchases Guest Quarters Suite Hotels and grows to 40 hotel
Acquires Pickett Hotels
Acquires Doubletree Hotels; acquires RFS Hotel Management; grows to 250 hotels
Executes IPO for Doubletree Hotels Corporation; 16 quarters of consecutive growth; achieves IRR of approximately 40%
Acquires 52 Red Lion Hotels for over $1.2 billion
Acquires Harrison Conference Centers; merges with Promus Hotel Corporation; combines portfolio of 1,250 managed and franchised hotels; sells company to Hilton
Forms Pyramid Hotel Group (PHG); develops 3 Residence Inns for approximately $100 Million; manages assets for $800 million in hotel properties
Forms Pyramid Project Management; completes $750M in renovation projects
PHG forms and invests first fund with 9 Hotels and 3,485 rooms at closing 2005: PHG invests in second fund with 15 hotels and 3,989 rooms at closing
PHG invests in third fund with 14 hotels and 4,613 rooms at closing
PHG and Morgan Stanley acquire CNL Hotels and Resorts; acquisition includes the divestiture of 51 hotels and ownership/asset management of 8 world-class resorts
Boston Harbor Hotel achieves a 5-star Mobil Travel Guide rating through the efforts of PHG management and its associates
Pyramid provides services to special servicers and lenders in multiple engagements
Adds 19 properties to management portfolio in 2010 alone;. performs 24 assignments for Special Servicers and Lenders, encompassing 160 hotels and more than 28,000 rooms; expands outside the continental US into Hawaii
Grows internationally with the addition of the Westin Casaurina Resort & Spa in Grand Cayman; launches Pyramid’s Resort Operations Division to manage our portfolio of resort properties
Establishes a presence in Europe with three hotels in Ireland and England; by the end of 2011, Pyramid owns, manages, and/or asset manages a portfolio of 78 hotels in the United States, Caribbean, Ireland, and the United Kingdom
Pyramid acquires Winegardner & Hammons Hotel Group, significantly enhancing distribution and talent in the mid-US states, and significantly adding to the company’s development capabilities; Pyramid ends year at 96 hotels
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