Business Details
27 Years
experience
Trusted Hotel Development & Management Experts
HRC Hotels is a privately held partnership established in 1999, specializing in the acquisition, ownership, development, and management of premium brand select-service hotels. Our focus on the extended stay segment of the lodging industry has allowed us to build a portfolio of 21 hotels across five states, including Michigan, Florida, Indiana, Iowa, and Ohio. With over 40 years of combined experience, our leadership team leverages deep industry expertise and strategic financial discipline to deliver exceptional returns for investors. Our core strategy centers on premium-branded, select-service hotels that optimize profitability through efficient operations and high RevPAR levels. Partnering with Good Hospitality Services, Inc., we maintain rigorous quality standards while achieving superior results across diverse markets.Our conservative growth approach has enabled us to navigate economic downturns successfully, maintaining strong cash reserves and expanding strategically during industry upturns. Our team's extensive relationships and asset management capabilities ensure sustained internal growth and long-term value creation for stakeholders.
Services
Hotel Acquisition
Development
Asset Management
Financing
On-Site Management
Details
- Year established: 1999
Highlights and features
- We offer 40+ years of combined experience in hotel acquisition and management.
- Our focus on premium-branded, select-service hotels ensures efficient operations.
- We maintain conservative financial strategies to mitigate economic downturns.
- Our partnership with Good Hospitality Services guarantees quality asset management.
- We deliver proven growth through strategic portfolio expansion in high-demand markets.
Services
Hotel Acquisition
We identify and acquire premium brand select-service hotels in high-demand markets. Our team specializes in strategic negotiations and financial structuring to ensure optimal returns. With decades of experience, we prioritize properties with strong growth potential and operational efficiency.
Asset Management
Our asset management services focus on maximizing hotel performance through rigorous financial oversight and operational improvements. We leverage industry expertise to enhance revenue, reduce costs, and maintain high occupancy rates. Partnering with experienced management firms ensures consistent quality across all properties.
On-Site Management
We provide comprehensive on-site management through partnerships with hospitality experts like Good Hospitality Services, Inc. This includes daily operations, staff training, and guest experience optimization. Our hands-on approach ensures adherence to quality standards and profitability targets.
Development
Our development services focus on constructing new premium brand select-service hotels in strategic locations. We manage the entire process from site selection to construction, ensuring compliance with brand standards and market demands. This approach allows us to expand our portfolio sustainably.
Financing
We offer tailored financing strategies for hotel acquisitions and developments, including debt structuring and investor partnerships. Our conservative financial approach minimizes risk while supporting growth. This expertise has enabled us to maintain stability during economic downturns and capitalize on market opportunities.
People
Terry L. Hall
Chief Executive Officer
Terry L. Hall, CPA, leads HRC Hotels as CEO, specializing in hotel acquisitions, financing, and strategic planning. With decades of industry experience, he drives growth and operational excellence for the company.
James J. Matuszak
Chief Financial Officer
James J. Matuszak, CPA, oversees financial strategy and real estate financing for HRC Hotels. His expertise in business planning and acquisitions supports the company's conservative growth and investor value.
Joe A. Romkema
Secretary and Treasurer
Joe A. Romkema, CPA, manages financial operations and business planning for HRC Hotels. His role ensures fiscal discipline and strategic development aligned with the company's long-term goals.
Jeffrey Good
President of HRC Hotels
Jeffrey Good leads hotel management and development initiatives for HRC Hotels. With over 30 years in the hospitality industry, his expertise in operations and construction enhances the company's market position.
Questions
What types of hotels does HRC Hotels specialize in?
We focus on premium brand select-service hotels, particularly in the extended stay segment, across the Midwest and Florida.
How long has HRC Hotels been in business?
HRC Hotels has operated since 1999, with over 40 years of combined leadership experience in the hospitality industry.
What areas do you serve?
We operate hotels in Michigan, Florida, Indiana, Iowa, and Ohio, targeting markets with high demand and growth potential.
How does HRC Hotels manage its properties?
We partner with Good Hospitality Services, Inc. for on-site management, ensuring quality standards and operational efficiency across all properties.
What is HRC Hotels' growth strategy?
Our strategy emphasizes conservative expansion, focusing on premium-branded hotels with efficient operations to maximize investor returns.