Trigild and Blu Hotel Investors Announce Strategic Alliance

Joint Venture Offers New Hospitality Services Platform to Include Acquisitions, Development

2012-10-06

SAN DIEGO, CA, October 06, 2012 (Press-News.org) Strengthening and expanding its hospitality services capabilities, Trigild - a full service real estate services firm headquartered in San Diego - has formed a strategic alliance with Blu Hotel Investors, a Santa Barbara-based hotel company with extensive expertise in acquisitions and ground-up development.

According to John Beazley, Trigild's managing director of hospitality, the newly formed alliance brings together leading industry professionals, allowing each entity to better serve clients by sharing specific resources, services and specialties.

"The alliance will ideally enable Trigild to expand its third party management business, as well as work closely with Blu Hotel to develop, acquire and operate hotel properties with institutional or individual investors," Beazley said. "Specific services now offered by Trigild will include management, asset management, branding, pre-development planning and development."

Michael Barnard, founder and principal of Blu Hotel Investors, sees inherent benefits for both companies. "Trigild's strength lies in its reputation, 35-year history and solid infrastructure, while our company has specific transactional, deal structuring and financial expertise," he said.

Barnard, previously with Pacifica Hotel Companies, and fellow Blu Hotel principal Rony Husein have decades of hospitality industry experience, with capabilities in franchising, feasibility, finance, development, acquisitions, dispositions, renovations, branding, operations, management and asset management.

Trigild was founded more than 35 years ago as a hotel management company, and now manages and operates properties nationwide across virtually every hotel class, franchise and brand. "The foundation of our successful business model is hotel management, and our focus now is to further grow that end of the business - as well as develop ownership positions in desirable properties," Beazley said.

About Trigild

Headquartered in San Diego with regional offices throughout the country, Trigild has more than 35 years of property management, receivership/bankruptcy and consulting expertise, with a focus on managing and maximizing value for assets in an array of industries, including hospitality, multifamily, office, industrial, retail, petroleum properties and more.

For further information, visit http://www.trigild.com.

About Blu Hotel Investors

Based in Santa Barbara, Blu Hotel Investors is a multi-disciplinary adviser and hotel company with extensive expertise in ground-up development, acquisition, management and asset management of distinctive Southern California hotel properties.

For further information, visit http://www.bluhotelinvestors.com.

Media contact: Sydnie Moore (619) 823-8448 moore2com@gmail.com

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