TPG Hotels & Resorts has been selected by Verge Management to manage a portfolio of five Marriott-branded, select-service hotels in Oklahoma, Louisiana and Arkansas. The move expands TPG’s footprint across the south-central U.S. and adds to its growing portfolio of select-service properties.
“We’re excited to welcome Verge Management as a new ownership partner and to bring this collection of high-performing Marriott hotels into our operating portfolio,” said Tim Muir, CDO at TPG Hotels & Resorts. “This collaboration reflects our shared commitment to operational excellence and long-term asset performance.”
Under the agreement, TPG will oversee all aspects of hotel operations. The company will provide hands-on leadership while using its national platform to enhance performance, efficiency and guest satisfaction.
“Partnering with TPG Hotels & Resorts ensures our properties are managed by a team with deep expertise and a strong reputation in the industry,” said Malik Kheraj, President, Verge Management LLC. “We’re confident this strategic relationship will strengthen our hospitality investments and create long-term value.”
TPG Hotels & Resorts is one of the nation’s largest hospitality management firms, with a portfolio that includes branded full-service, select-service, boutique and resort properties across the U.S. The company operates under all major brand families including Marriott, Hilton, Hyatt and IHG.
