Raines Adds New Florida Hotel To It’s Growing Portfolio

Raines Adds New Floria Hotel To It's Growing Portfolio

Raines has recently added Fairfield Inn & Suites by Marriott Pensacola West I-10 to its growing portfolio of hotels. The company was established in 1988 as a family-owned business. They have grown into a fully integrated development, management, and investment company that develops, operates, and owns the world’s leading hotel brands as well as boutique hotels.

From the press release,

“Being a major force in hospitality in the Southeast, Raines has had its eyes set on expanding to Florida for a while now,” said Grey Raines, managing partner at Raines. “We were waiting for the right property and partner, and we found both in this latest deal. We are thrilled to be working with Season 21’s leaders and appreciate the opportunity.”

With the addition of the newly opened Fairfield Inn & Suites by Marriott Pensacola West I-10, Raines has 22 properties in its portfolio, nine of which are Marriott properties, including two other Fairfield assets. This property is the company’s sixth third-party management agreement.

The PDF press release has more information, click the button below to download it.

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