Kokua Hospitality LLC has announced the purchase of Baltimore’s Tremont Suites Hotel & Grand Historic Venue by the Garrison Investment Group and Chartres Lodging Group.
Kokua Hospitality of Chicago became the management company of this 300-room, all-suite property on June 20.
Kokua Hospitality seeks to preserve and enhance the Tremont Suites Hotel & Grand Historic Venue guest experience as well as the ambiance of the thriving downtown Baltimore market. ‘By preserving jobs and supporting the central business district, Kokua Hospitality will further bolster the local economy and aid in creating new demand for Baltimore as a go-to tourism market,’ said Kokua in a statement.
Kokua is an affiliate of Chartres Lodging, but this is the first time it’s teamed up with Garrison Investment Group.
‘We are excited to announce our first partnership with Garrison Investment Group and add the already-celebrated Tremont Suites Hotel & Grand Historic Venue properties to the Kokua Hospitality portfolio,’ said Maki Nakamura Bara, president of Chartres Lodging and co-chairman of Kokua Hospitality.
‘We anticipate this property making a positive impact in the downtown Baltimore community,’ said Chuck Pomerantz, senior vice president of Garrison Investment Group.
‘Baltimore is an incredible, blossoming city,’ said Rudi Rainer, general manager of the hotel. ‘Locally, we are eager to support the Downtown Partnership and Historic Charles Street in their commendable efforts to continue to revitalize and invigorate downtown Baltimore and the Inner Harbor neighborhood.’
In addition to guestroom accommodations, the Tremont Suites Hotel location encompasses the acclaimed Grand Historic Venue, which underwent a $27m renovation in 2006.
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