The deal will give Plano, Texas-based Aimbridge Hospitality more than 700 hotels comprising more than 80,000 guestrooms in its portfolio.
FARGO, North Dakota (June 22, 2017) — TMI Hospitality, a hotel developer and management company based in Fargo, N.D., today announced it has been acquired by an affiliate of Aimbridge Hospitality. Aimbridge is an independent management company of upscale, independent, and branded hotels in North America and the Caribbean, and is headquartered in Plano, Texas.
“We are excited to welcome TMI Hospitality into the Aimbridge family,” said Dave Johnson, President and CEO of Aimbridge Hospitality. “Aimbridge values the skills and talents of TMI’s employees, and we intend to maintain a strong presence at the Fargo corporate office.”
“I am looking forward to TMI Hospitality joining the largest hotel management company in the country,” said Lauris Molbert, CEO of TMI Hospitality. “As a part of Aimbridge, our team members will have access to even more career opportunities.”
With the acquisition, Aimbridge Hospitality now manages more than 80,000 guestrooms at nearly 700 hotels, and is one of the largest franchise operators under the Marriott, Hilton, and Hyatt brand families.
About Aimbridge Hospitality
Aimbridge Hospitality is the nation’s largest independent hotel investment and management firm with a proven track record for delivering superior returns for its strategic partners in a variety of markets and economic cycles. Aimbridge provides management, asset management, development, renovation, and consulting services. Based in Dallas, Texas and with development offices in Chicago, Dallas, and Puerto Rico, Aimbridge currently owns and/or manages approximately 500 upscale, independent, and branded hotels with nearly 70,000 rooms across the United States and the Caribbean, including such affiliations as Marriott, Hilton, Embassy Suites, DoubleTree, Hilton Garden Inn, Hampton Inn & Suites, Aloft, Hyatt, Wyndham, Choice Hotels, and the Phoenix Inn Suites chain of hotels. For more information on Aimbridge Hospitality, please visit AIMBRIDGEHOSPITALITY.COM.
About TMI Hospitality
TMI Hospitality is a nationwide developer and management company of select service and extended-stay hotels. Headquartered in Fargo, N.D., TMI currently manages 188 hotel properties across 26 states representing nationally recognized franchises, including Marriott, Hilton, Choice Hotels, Carlson, Hyatt, and IHG brands. The multiple divisions of TMI support the expanding portfolio through development, construction, services, and operations.
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