To capitalize on the expansive development opportunities in the Southeast, Meyer Jabara Hotels recently opened a new office in Murfreesboro, Tenn., located at 1500 Medical Center Parkway in the Studio at Fountains.
Led by Vice President of Development Richard Sprecher, the management and ownership group is expecting to get a lot of deals done in this thriving market. Within the first few weeks of opening, four deals have been added to the pipeline and more are expected to close in the coming months.
“People here like doing business with those they know and those who are accessible,” Sprecher said. “We are finding that hotel owners in this market especially are looking for a fresh approach to management from a hands-on, experienced operator. Most are optimistic about the future, and many are looking to open new hotels in the next 18 to 36 months. Because people are eagerly traveling and Southern hospitality is still a big draw, the leisure market in Nashville and the Southeast is doing exceptionally well. Not only are we looking to grow our third-party management business, but we are seeking joint venture opportunities throughout the region.”
Meyer Jabara Hotels currently operates 29 hotels in 11 states, of which 18 hotels are fully or partially owned. Their portfolio of hotels includes Marriott, Hilton, Choice, Hyatt, InterContinental, and Wyndham brands, as well as several independents. Management services include corporate strategy, receivership, revenue management, accounting and financial services, human resources, franchise relationship management, hospitality marketing, risk management, hotel construction management, interior design and more. In addition to being the best employer in hospitality, the 44-year-old hotel company is now striving to become a world-class employer that competes for talent across all industry sectors.