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Innkeepers USA Trust · Palm Beach, FL United States

Company Description

340 Royal Poinciana Way Ste. 306
Palm Beach, FL
33480
United States (Map)
Phone: 561-835-1800
Fax: 561-835-0457
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    They own the buildings, but they don't leave the chocolate on your pillow. Innkeepers USA Trust is a self-administered real estate investment trust (REIT) that makes equity investments in hospitality real estate -- primarily upscale and extended-stay hotel properties. (The company also invests in full-service hotels and mid-priced lodgings.) The REIT owns about 75 hotels with some 10,000 rooms in more than 20 states. Nearly all are leased by management company Island Hospitality. About 55% of its properties are operated under the Residence Inn by Marriott brand. Other brands in the REIT's portfolio include Hampton Inn and Summerfield Suites. Innkeepers USA Trust is a subsidiary of Apollo Investment Corp. To read the full description, subscribe now.

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    Key Innkeepers USA Trust Financials

    Company TypePrivate

    Headquarters
    Fiscal Year-EndDecember
    Employees823

    Innkeepers USA Trust Executives

    9 executives listed for Innkeepers USA Trust's Palm Beach, FL location.
    TitleName & BioContact
    President and CEOTim WalkerNetwork
    CFODennis CravenNetwork
    SVP ConstructionMichael PanzerNetwork

    Competition

    Competitive Landscape for Innkeepers USA Trust
    The health of the economy drives demand for REITs as investment vehicles. Profitability depends on the value of the properties in the portfolio, which in turn highly depends on real estate vacancy rates. Large companies have advantages in deal-making, and economies of scale in marketing, computer and infrastructure investment, and operations. Smaller companies can compete by specializing not only in real estate type, but by geography, though geographic focus can increase risks. To read the full description, subscribe now.
    Top Innkeepers USA Trust Competitors
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