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Verge taps TPG to manage five Marriotts

The Houston-based firm is led by President Kheraj and CEO Gould

Verge taps TPG to manage five Marriotts

Verge Management chose TPG Hotels & Resorts to manage five Marriott-branded select-service hotels in Oklahoma, Louisiana and Arkansas.

Vishnu Rageev R.
By Vishnu Rageev R.May 28, 2025
Vishnu Rageev R.

Vishnu Rageev R is a journalist with more than 15 years of experience in business journalism. Before joining Asian Media Group in 2022, he worked with BW Businessworld, IMAGES Group, exchange4media Group, DC Books, and Dhanam Publications in India. His coverage includes industry analysis, market trends and corporate developments, focusing on retail, real estate and hospitality. As a senior journalist with Asian Hospitality, he covers the U.S. hospitality industry. He is from Kerala, a state in South India.

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VERGE MANAGEMENT LLC recently selected TPG Hotels & Resorts to manage five Marriott-branded select-service hotels in Oklahoma, Louisiana and Arkansas. The Houston-based firm, a sister company of telecommunications provider Verge Mobile LLC, is led by President Malik Kheraj and CEO David Gould.

TPG Hotels & Resorts will oversee all hotel operations, the companies said in a statement.

"Partnering with TPG Hotels & Resorts ensures our properties are in the hands of a team with deep expertise and a strong industry reputation," said Kheraj. "We're confident this strategic relationship will strengthen our hospitality investments and deliver long-term value."

The agreement expands TPG's presence in the South Central U.S., the statement added.

Tim Muir, chief development officer at TPG, said they are excited to welcome Verge Management as a new partner and add these Marriott hotels to their portfolio.

"We're confident this strategic relationship will strengthen our hospitality investments and create long-term value," he said.

Verge owns a hotel portfolio operated by third-party managers, including full- and focused-service properties under Marriott International, Hilton Worldwide, InterContinental Hotels Group and Hyatt Hotels Corp. The company appointed David Gould as CEO in March.

Verge Mobile LLC, a Houston-based T-Mobile Premium Retailer, is led by Raheel Suria as CEO, Jawad Rawra as COO and Syed S. Shah as chief development officer.

In August 2024, Peachstate Hospitality, led by President and CEO Danny Patel, appointed TPG Hotels & Resorts to manage its two Marriott-branded properties in Augusta, Georgia: the 124-room Residence Inn and the 88-room SpringHill Suites.

david gouldmalik kherajmarriott internationalmarriott-branded select-service hotelstpg hotels & resortsverge management llcverge mobile llchyatt hotels corptim muirt-mobile premium retailerraheel suriajawad rawrasyed s. shahhilton worldwideintercontinental hotels grouphotel management firmu.s. hotel industryverge

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