Commonwealth Hotels today announced a strategic alliance with Radisson Hotel Group Americas and Lockwood Development Partners to jointly acquire and redevelop nine hotels in eight states in partnership with Veteran Services USA, forming an extensive network of new mixed-use developments such as housing, seniors activities and day care, as well as vocational training and retraining locations for veterans across the country.
Commonwealth Hotels today announced a strategic alliance with Radisson Hotel Group Americas and Lockwood Development Partners to jointly acquire and redevelop nine hotels in eight states in partnership with United States Veterans Services, forming a vast network of new multi-purpose developments such as housing, activities and day care for the elderly, as well as vocational training and retraining places for veterans across the country. The properties will be franchised with Radisson and managed by the Commonwealth team.
“Commonwealth Hotels is a growing organization and this alliance with Lockwood Development Partners, Radisson and Veteran Services USA is very important to our strategic plan,” said Bryan Hayes, Managing Partner, Commonwealth Hotels. “We couldn’t be more excited to be a part of this exciting plan to rescale several iconic hotels in dynamic markets while providing vital housing for veterans across the country.”
The agreement progressively positions Radisson Hotel Group Americas in its ability to evolve the hotel development landscape alongside Commonwealth Hotels. Commonwealth will operate and manage the nine properties, making it one of the largest franchisors along with Radisson. Commonwealth will undertake a comprehensive, multi-million dollar renovation of the properties – adaptive mixed-use hotel conversions built on the Radisson Hotel Group Americas brand and development principles. The alliance is creating a unique model that will bifurcate buildings with separate entrances for residential and hospitality use, putting them to their best use by repurposing distressed properties suitable for today’s environment. Additionally, to benefit American veterans and senior living communities who visit for programs and care.
“We are the sum of our parts, and by harnessing the insight behind Radisson, Commonwealth and Lockwood, we are delivering on our promise to create a new standard for adaptive reuse projects by serving communities across the United States,” said Charles Everhardt, director of Lockwood Development Partners. “This dynamic partnership we have established addresses the growing demand for veteran housing and senior day care while infusing the latest trends in the hospitality industry under one roof, offering a unique concept led by category leaders.”
“The strategic alignment between Radisson Hotel Group Americas, Lockwood Development Partners and Commonwealth Hotels continues to define Radisson’s rapid vitalization around the world. This unique concept of redefining large full-service hotels into more efficient mixed-use facilities, with profitability at the top of the list, has been discussed for years; the vision of Lockwood Development Partners, Veteran Services USA combined with the leadership of Commonwealth Hotels brought the concept to life,” said Phil Hugh, Director of Development, Radisson Hotel Group Americas. “Radisson Hotel Group Americas is honored to have been chosen as the brand of choice for the concept and is proud to be able to offer new options to veterans of this great country,” he said.
The Radisson Hotel Group Americas is proud to work with the USO through Radisson’s Military 1st program, which honors active military members, veterans, retirees and their spouses. Likewise, Lockwood Development Partners is committed to being the leading developer and provider of premier housing facilities with programs for veterans and maintains a partnership with VSUSA in pursuit of this commitment.
For more information on the Commonwealth Hotels portfolio, services or offerings, please visit http://www.commonwealthhotels.com.
About Radisson Hotel Group Americas
With eight individual brands and more than 1,500 hotels worldwide, Radisson Hotel Group Americas is one of the largest and fastest growing hotel groups in the world. The Radisson Hotel Group Americas portfolio includes Radisson Collection, Radisson Individuals, Radisson Blu, Radisson, Radisson RED, Park Plaza, Park Inn by Radisson and Country Inn & Suites by Radisson.
About Veteran Services USA
Veteran Services USA is an organization committed to supporting veterans and seniors by providing programs that ensure successful life transitions. For our recently transitioning veterans, we offer transitional career support and sponsorship programs, with a focus on mental health and suicide reduction. For our seniors, we provide affordable, independent housing, health care, and social service programs across the United States. VSUSA is a collective of accomplished individuals, including retired military officers, academics, entrepreneurs, finance, media, and marketing experts dedicated to fulfilling our mission to help veterans and seniors of our country.
About Lockwood Development Partners
Lockwood Development Partners is a real estate development and investment company. Lockwood Development Partners is committed to being the leading developer and provider of premier housing facilities with related services for veterans and their families, ensuring that veterans are treated and cared for in compassionate, dignified and professional who allow them to achieve optimal goals. levels of independence while helping them reacquire life skills and the ability to live in wider communities.
About Commonwealth Hotels, LLC
Commonwealth Hotels, LLC was founded in 1986 and is a proven partner in providing hotel management services with superior financial results. The company has extensive experience in managing full-service hotels and select premium branded services. Commonwealth Hotels currently manages 61 properties with nearly 7,600 rooms. Additional information can be found at www.commonwealthhotels.com.