Through this partnership, SHG will assume responsibility for day-to-day operations, revenue management, sales and marketing strategy, and food and beverage programming across the portfolio. The transition is designed to strengthen market positioning in each region while enhancing guest satisfaction and long-term asset performance, according to the companies. Additionally, Basin Ventures will continue to provide asset management oversight focused on enhancing value across the portfolio.
“The Widewaters portfolio represents a strong group of well-located hotels in attractive markets, and we’re excited to enter this next phase of growth,” said Bill Holstein, SVP, Widewaters. “Schulte’s depth of operational expertise, brand relationships and performance-driven approach make them the right partner to elevate the Widewaters portfolio and deliver an enhanced experience for our guests.”
Sam Grabush, COO, SHG, added, “We are thrilled to partner with Widewaters on this high-quality portfolio. We look forward to deploying Schulte’s integrated marketing, commercial and operational capabilities—including our expertise in spa, wellness and golf operations—across these properties. By aligning revenue strategy, sales activation, on-property execution and experience-driven amenities, we are confident we can unlock meaningful performance gains while delivering a differentiated and memorable guest experience in each market.”
Tags: Sam Grabush, Schulte Hospitality Group SHG, Bill Holstein, Widewaters
