The Thrash Group of hotels is to hand over the management of its portfolio of properties to Charlestowne Hotels, in a deal that’s being called the largest in the company’s history.
Charlestowne Hotels will assume responsibility for the 10 hotels operating as part the Thrash Group, totaling more than 1,200 bedrooms, and taking Charlestowne’s footprint to 50 hotels across 20 states.
Five of the newly added properties are part of Origin Hotel, an independent brand of lifestyle hotels launched by Thrash in August 2018 with a property in Golden, Colo., near the famous Red Rocks Amphitheatre.
Six Thrash Group properties will be added to Charlestowne’s management portfolio immediately.
Charlestowne will also help Thrash develop experience-driven independent lifestyle properties in markets such as Morgantown, W.Va., and Tupelo, Miss and develop and expand the Origin Hotel, which is projected to grow up to 10 hotels in the next four years.