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.
